Matching Items (248)
Description
Over the past six years, China has embarked on an international economic initiative titled, “The Belt and Road Initiative” in which it finances and constructs multi-billion-dollar infrastructure development projects around the world. Aimed at building out energy and transportation infrastructure, these projects are being undertaken in approximately 68 countries. So far, China has pledged $1 trillion to the initiative, 95% of which is has come from public sources . However, it is projected that, in order to maintain its current growth, Developing Asia will require an additional $26 trillion in investment by 2030 .
The hundreds of projects have been grouped into six maritime and land-based economic corridors that retrace many of the original routes of the Silk Road. Of these corridors, the China-Pakistan Economic Corridor (CPEC) has proven to be one of the most important in China’s quest for Asian economic integration. The CPEC is the BRI’s first major economic corridor and one of the largest, receiving approximately $39 billion in investments to date.
Despite the thousands of articles and research papers that have been written on the topic, there are very few resources that provide a more comprehensive view of the Belt and Road Initiative. Consistent information on BRI projects is difficult to find, as both China and its debtors have been withholding many of the details regarding construction progress and lending activity. As a result, this thesis attempts to reconcile the simultaneous surplus of research with the shortage of conclusive information by framing its analysis in the form of a question about the BRI’s likelihood of success.
This thesis explores the history of the Silk Road, the progress of the Belt and Road Initiative, and the project’s global implications. In order to determine the BRI’s likelihood of success, this thesis identifies the China-Pakistan Economic Corridor (CPEC) as the economic corridor most likely to succeed of the six. It then analyzes the CPEC, determining that, despite the fact that it is the economic corridor most likely to succeed, it likely will not. It then builds upon this to conclude that the BRI, too, is unlikely to succeed.
In addition, this thesis critiques many of the expansionary policies, loose lending practices, and near-term decisions made by Chinese leadership by arguing that the BRI is an initiative for the benefit of China and not its debtors.
The hundreds of projects have been grouped into six maritime and land-based economic corridors that retrace many of the original routes of the Silk Road. Of these corridors, the China-Pakistan Economic Corridor (CPEC) has proven to be one of the most important in China’s quest for Asian economic integration. The CPEC is the BRI’s first major economic corridor and one of the largest, receiving approximately $39 billion in investments to date.
Despite the thousands of articles and research papers that have been written on the topic, there are very few resources that provide a more comprehensive view of the Belt and Road Initiative. Consistent information on BRI projects is difficult to find, as both China and its debtors have been withholding many of the details regarding construction progress and lending activity. As a result, this thesis attempts to reconcile the simultaneous surplus of research with the shortage of conclusive information by framing its analysis in the form of a question about the BRI’s likelihood of success.
This thesis explores the history of the Silk Road, the progress of the Belt and Road Initiative, and the project’s global implications. In order to determine the BRI’s likelihood of success, this thesis identifies the China-Pakistan Economic Corridor (CPEC) as the economic corridor most likely to succeed of the six. It then analyzes the CPEC, determining that, despite the fact that it is the economic corridor most likely to succeed, it likely will not. It then builds upon this to conclude that the BRI, too, is unlikely to succeed.
In addition, this thesis critiques many of the expansionary policies, loose lending practices, and near-term decisions made by Chinese leadership by arguing that the BRI is an initiative for the benefit of China and not its debtors.
ContributorsTrimmer, Nicholas Stephanos (Author) / Prescott, Edward (Thesis director) / Douglas, Kacey (Committee member) / Department of Management and Entrepreneurship (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
The Precariat is a socioeconomic class that live extremely precarious lives due to job insecurity, financial instability, and lack of ability to prepare for the future. This class falls through the cracks of the present system; a system that is failing to identify and support the true struggling working class. Many of these workers just barely miss the financial cut off for government assistance programs (e.g LIHEAP and SNAP) or may be unaware of all the resources available to them. A citizen of the Precariat can possess a variety of characteristics. This class is thought to be divided into three factions with unique dimensions. There is a collective mentality and pressure to accept unstable labor; thus, why there is no occupational or demographic identity of the Precariat. The three factions can be titled as follows: atavists, progressives, and nostalgics. These titles reflect the differentiating traits and attitudes of each faction.
ContributorsPriniski, Alexandra Noelle (Co-author) / Priniski, Alexandra (Co-author) / Johnston, Erik W., 1977- (Thesis director) / Solís, Patricia (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Economics (Contributor) / Watts College of Public Service & Community Solut (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
Ninety-five employees across three market leading Mexican-based corporations were interviewed to empirically evaluate the level of leadership and teamwork found within the organizations. Employees interviewed ranged in hierarchal ranking from upper-management, middle to lower management, and bluecollar positions. Based on the interviews, employees were judged on four essential characteristics of leadership and three essential traits of teamwork. Each element was scored out of five (=1 not exhibited, =2 rarely exhibited, =3 somewhat exhibited, =4 often exhibited, =5 always exhibited) and summed to compose an overall score for each of the values. Leadership and teamwork were defined using globalized oriented standards to compare how Mexican companies would be assessed if they were to enter international competition. The paper finds that high levels of productivity exists even with deficits of leadership and teamwork are present. It concludes that the managerial strategy is successful due to the culturally accepted behaviors of the Mexican society. It proposes that as Mexico continues to become a more globalized nation, the cultural mannerism will directly contradict working philosophies common to developed nations. Additionally, it suggests that if certain cultural practices were eliminated, Mexico would experience faster assimilation into the global market sphere.
ContributorsCuellar, Daniela Norma (Author) / Roberts, Nancy (Thesis director) / Darra, Manjira (Committee member) / Choubey, Chandra (Committee member) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
In September of 1540 Garcia Lopez de Cardenas, while being led by Hopi Natives, came across something no European had ever seen before. One can only imagine what must have gone through his mind as he discovered the world’s largest canyon, 18 miles across and close to 6,000 feet deep. Over the course of three days, Garcia and his scouts made attempts to enter into the canyon and to taste of its river, but, after many failed attempts, they had to make their way back to their main camp for fear of dehydration and it was left unvisited by any Europeans for over 200 years.
Now I wasn’t the first one to discover the canyon, but I remember a time when I was in the fourth grade. When I stepped out of a bus that I had been in for close to four hours and took forty footsteps to end up at a small brick wall that came close to calf-height which was meant to keep me safe. I don’t know why it didn’t hit me until this point, because I had seen pictures of its grandeur and “experienced” the so called “majesty” of the Grand Canyon through the medium of the National Geographic and tasted of the beauty of one of the natural wonders of the world through the photographs of others before, but standing face to face with a five-thousand-foot cliff humbled me and brought a fear in to me that I can’t describe. Especially when a friend of mine had violently jerked me while I was close to the edge. I remember hearing fear in my father’s voice as I got a little too close to the edge for his comfort. He wanted me to be safe, but I wanted to look this canyon in the eye.
I find it really interesting though, that both my father and I feared ME getting close to the edge. I guess it’s because we both didn’t fully trust my young and feeble knees to keep me stable while I was that close to a fall that would’ve meant sure death for me. Or maybe it was because a couple of months before this, he had seen on the news that some kid was playing too close to the edge and had fallen to his death. Or maybe, it was because, for the first time, death was actually close enough to grasp something he profoundly loved. Either way, I won’t ever forget the loving strain in his voice as he sternly said “Grant! Step a little bit further back from the edge Son.”
It’s really a shame that no one knew. Or at least that no one said anything if they did know. Especially because this New canyon I stood looking face to face with was thousands of feet deeper than the one I had been close to the edge of ten years before, and had the authority to not just kill me once, but twice, if I fell.
Now I wasn’t the first one to discover the canyon, but I remember a time when I was in the fourth grade. When I stepped out of a bus that I had been in for close to four hours and took forty footsteps to end up at a small brick wall that came close to calf-height which was meant to keep me safe. I don’t know why it didn’t hit me until this point, because I had seen pictures of its grandeur and “experienced” the so called “majesty” of the Grand Canyon through the medium of the National Geographic and tasted of the beauty of one of the natural wonders of the world through the photographs of others before, but standing face to face with a five-thousand-foot cliff humbled me and brought a fear in to me that I can’t describe. Especially when a friend of mine had violently jerked me while I was close to the edge. I remember hearing fear in my father’s voice as I got a little too close to the edge for his comfort. He wanted me to be safe, but I wanted to look this canyon in the eye.
I find it really interesting though, that both my father and I feared ME getting close to the edge. I guess it’s because we both didn’t fully trust my young and feeble knees to keep me stable while I was that close to a fall that would’ve meant sure death for me. Or maybe it was because a couple of months before this, he had seen on the news that some kid was playing too close to the edge and had fallen to his death. Or maybe, it was because, for the first time, death was actually close enough to grasp something he profoundly loved. Either way, I won’t ever forget the loving strain in his voice as he sternly said “Grant! Step a little bit further back from the edge Son.”
It’s really a shame that no one knew. Or at least that no one said anything if they did know. Especially because this New canyon I stood looking face to face with was thousands of feet deeper than the one I had been close to the edge of ten years before, and had the authority to not just kill me once, but twice, if I fell.
ContributorsWallace, Grant Winslow (Author) / Mirguet, Francoise (Thesis director) / Delacruz, Julian (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
Cities are living systems. Their form and function are constantly changing to reflect the preferences and needs of their residents. One process of change in a city occurs when rapid investment pours into a neighborhood that was previously neglected. This so-called revitalization serves as a catalyst for many city improvements like new residential buildings, glamours commercial complexes, and even enhanced public transit. This process, also known as gentrification, can be a force for good as it results in population growth and economic opportunity. But with enough investment, prices -- including rent -- can be forced upwards equally as rapid. This is when gentrification can result in potentially negative outcomes for residents who can not keep up with the rent increases and are displaced from a city. Culture, as defined by people and business in an area, is the pride of many cities. A loss of culture through displacement is an outcome that anti-gentrification advocates want to avoid. But, cultural displacement may not always comprise a loss. In certain cases, displacement is just the natural byproduct of city evolution. An ideal solution to this state of affairs would be for cities to encourage gentrification while discouraging displacement. This study will explore how.
ContributorsFerrara, Justin Christopher (Author) / Simeone, Michael (Thesis director) / Baskin, Connor (Committee member) / Department of Economics (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / Department of Information Systems (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The following honors thesis analyzes the history of advertising in the state of Arizona since the late 19th century and its overall impact on economic development. Advertising is defined as the action of calling something to the attention of the public, especially by paid announcements; and economic development is defined as the process whereby simple economies are transformed into modern industrial economies. This paper will analyze the influence of key people, events, locations, and publications on consumer behavior and discuss how they contributed to tourism in the state and, subsequently, economic growth. By speaking to experts on Arizona history, economic development and tourism as well as analyzing a variety of historical multimedia, I will discuss how advertising methods evolved over time and how they contributed to increased interest and growth within the state.
ContributorsTatom, Julia Kathryn (Co-author) / Tatom, Julia (Co-author) / Eaton, Dr. John (Thesis director) / Mokwa, Dr. Michael (Committee member) / Department of Marketing (Contributor) / Department of Economics (Contributor) / Department of Information Systems (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The gig economy is a rapidly growing portion of the US labor landscape. It is appealing to many individuals, as it provides autonomy for workers and opens up increased opportunities for working jobs with desirable schedules. The new California legislation, Assembly Bill 5, is likely to disrupt this sector by increasing costs for employers and removing autonomy from independent contractors with the ABC test that challenges current legal classifications of independent contractors. The ABC test has previously been passed in Massachusetts in 2004 and this paper aims to determine how the test has impacted the Massachusetts self-employment sector. A difference-in-differences estimation and linear regression model were analyzed to accurately determine the impact. A minimal negative correlation was found between the introduction of the ABC test in Massachusetts and the proportion of self-employed individuals in Massachusetts post-treatment. It was also found that the percentage change of average wages for self-employed individuals sharply increased in the first year directly following the implementation of the ABC test in Massachusetts and then decreased in the next year. The regression showed little correlation between the ABC test and self-employment in Massachusetts, as the p-value was not significant at the 5% level for the difference-in-differences interaction term, possibly due to limitations of the model.
ContributorsRao, Veena Yarlagadda (Author) / Aucejo, Esteban (Thesis director) / Shields, David (Committee member) / Department of Economics (Contributor, Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
The goal of this study is to assess differences that still exist in International Financial Reporting Standards based financial statements between otherwise similar firms. We undertake this study because one primary goal of IFRS is to enhance comparability of financial statements world-wide, but it is unclear to what extent that has happened. First, we assess whether different countries adopt different versions of IFRS. We find, adopting countries fully adopt IFRS with only minor alterations to IFRS as promulgated by the International Accounting Standards Board. We then test whether otherwise similar firms, but from different countries, interpret IFRS differently. IFRS is a principles-based set of accounting standards, and thus offers a wide array of options for companies to choose from in their reporting. The latitude of options in reporting inherently creates room for differences when firms interpret IFRS for their own financial statements. Building on prior studies (e.g., Ball (2016), Nobes (2011)), we find that historical country GAAP is influential, and in documented instances constrains comparability of otherwise similar firms located in different IFRS adopting countries. Based on our findings, we then offer suggestions to preparers and users of these financial statements, and the IASB, to address financial statement comparability issues (see appendix C).
ContributorsWalker, Brooke (Co-author) / Espinosa Jenkins, Lucas (Co-author) / Orpurt, Steven (Thesis director) / Rykaczewski, Maria (Committee member) / School of Accountancy (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
Self-discrepancies motivate consumers to reduce the discrepancy’s negative effects by seeking products that make them feel better. Consumers use various strategies to mitigate these effects through within-domain purchases, across-domain purchases, or purchases designed to distract. Currently, there is a gap in the literature regarding how consumers trade off various compensatory consumption strategies when they face the option to evaluate different strategy at the same time. Through the current research presented here, as well as two proposed studies, I aim to find that people prefer escapism products and services (versus direct resolution and fluid consumption) when faced with a self-discrepancy. I address the literature gap by proposing studies for a mediator (working memory capacity) and a moderator (ease of the solution) on this relationship. This phenomenon occurs because self-discrepancies decrease working memory capacity (cognition): when cognitive resources are low, people will tend to prefer affective stimuli (escapism products). Finally, I plan an experiment to show that difficulty moderates this relationship. When the relative difficulty of the escapism solution is high, participants may be more likely to choose a different, relatively easier strategy. The current findings and suggested future studies contribute to the literature on compensatory consumption, escapism, and working memory capacity.
ContributorsForman, Jacob Reuben (Author) / Mandel, Naomi (Thesis director) / Lisjak, Monika (Committee member) / Department of Marketing (Contributor) / Department of Psychology (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
Humans are intrigued, drawn to, inspired by beautiful things. Various philosophers and
social commentators have contributed to this essential inquiry: what is Beauty? And
furthermore, are there objective patterns within what different people consider beautiful? I will
explore this through both the lenses of physical beauty and character beauty. In faces, there is the study of physical attractiveness - is it evolutionary, personal preference, or something more universal?
By using the four concepts of judgement of beauty laid out by Kant, supplemented with psychological research on humans' attractiveness ratings of faces, we will be able to get closer to the idea of a truly beautiful face. This face, striking in nature, is not simply attractive, but more. It is a face that is, using Kant's framework, disinterested, universal, purposive without purpose, and necessary.
social commentators have contributed to this essential inquiry: what is Beauty? And
furthermore, are there objective patterns within what different people consider beautiful? I will
explore this through both the lenses of physical beauty and character beauty. In faces, there is the study of physical attractiveness - is it evolutionary, personal preference, or something more universal?
By using the four concepts of judgement of beauty laid out by Kant, supplemented with psychological research on humans' attractiveness ratings of faces, we will be able to get closer to the idea of a truly beautiful face. This face, striking in nature, is not simply attractive, but more. It is a face that is, using Kant's framework, disinterested, universal, purposive without purpose, and necessary.
ContributorsGarland, Sabrina Michelle (Author) / de Alcantara, Christiane Fontinha (Thesis director) / Fette, Donald (Committee member) / Economics Program in CLAS (Contributor) / Department of Economics (Contributor) / School of International Letters and Cultures (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05