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GIS Business : An Overview is a peer-reviewed scholarly journal and aims to publish original articles, review articles, case reports, short communications, etc. Journal indexed in SCOPUS, papers are not indexed. Send papers to editor@gisbusiness.org

  • GIS-Business Journal is Indexed in Scopus, papers are not indexed. UGC approved journal. Send papers to editor@gisbusiness.org

Showing posts with label Business Journal. Show all posts
Showing posts with label Business Journal. Show all posts

Politics and the average Chinese

The man in the street simply does not care ! At least politically !!

In a country of 1.2 billion, such a sweeping  statement is an outrageous generalisation. But it is broadly true. The average Chinese does not care because (a) what is the real choice (b) she has very little access to information that is even remotely political in nature and (c) she doesn't seem to be hugely interested anyway

And this is despite a startling fact; the country with the maximum number of protests from citizens is actually China ! On any given day, there are probably 800 odd protests happening throughout China. If there is such vigorous activity, how come the assertion that the average Joe (Mrs Li) doesn't care ?

Two sweeping statements can be made about the average Chinese's views (a) she believes (and it does not matter where or who she is) that the local government is utterly corrupt and inefficient
and (b) she believes that the central leaders in Beijing are extremely efficient, working hard for the country, are the best humans on earth and if only they knew of their specific problem, it would be instantly fixed.

All the protests are predominantly on local issues, and mostly against land grabs by local officials. It is therefore mainly economic in nature, not political. There are simply no political protests of any sort.

A major issue in China is that public opinion is greatly hampered because of virtually no access to true political information. The following is the information environment in which the average Chinese lives

- There are no independent newspapers at all. Foreign newspapers are mostly not available.
- There is only government TV . No foreign channels, except in top end hotels. Even those are censored - can you believe that CNN's broadcast to China is routed through a Chinese government controlled satellite !
- All films are subject to censorship. Foreign films are severely limited in number and if you have anything remotely political in your film, fat chance of being cleared. Ditto books. Ditto music. Pirated DVDs are freely available but then the market is mostly for sexually explicit stuff rather than political content.
- The Great Firewall of China, behind which the internet sits in a parallel universe, is one of the most remarkable operations of all. The Hall of Fame of sites that are completely banned and inaccessible from China includes Facebook, Twitter, YouTube, Google plus, Maps, Docs, Picasa, Dropbox, Flickr, ..... I can keep going. Every one of these have local equivalents which are of course severely censored by the authorities
- The Chinese are avid users of social media, but only on domestic providers. These are hugely monitored by armies of machines, men and software. Every offending post is deleted . If you realise that there are half a billion internet users in China and they are as active as anybody in online activities, you can imagine the scale at which censorship takes place.

Consequently, the average Chinese is poorly informed on political matters and therefore has limited and not fully informed views. In any social gathering in the West (even more so in India), the conversation will turn political. Not so in China.  Mao has been glorified as "70% right" - very few of the younger generation know anything about the horrors of the Great Leap Forward and the Cultural Revolution. The Tiananmen incidents of 1989 have been airbrushed from history - when I lived in China I was amazed that my colleagues knew virtually nothing about what happened.

The sum total of all this is that public opinion in China is less intense and formed than in virtually any other country. Therefore the Party and the government are under less pressure than anywhere else. You see, the true check on any government in any country is not judiciary , or the constitutional checks and balances - it is really public opinion  represented by the media. In China, that check does not exist. The Chinese have made a pact with the Party - give us continuous economic advancement and we won't care about the politics. Thus far, that pact has held good.
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A tough ethical issue

Businesses are often considered as machines without a heart. But even businesses face some gut wrenching ethical issues , where the "right" course of action is by no means obvious.  Take the case of the compassionate care issue face by pharmaceutical companies.

Drugs produced by pharmaceutical companies are marketed after years, and sometimes, decades of clinical trials. They have to be approved by a regulating body - in the case of the US, the FDA - before they can be made available for use by doctors and patients. This is a justifiably stringent process.

It is therefore obvious that at any point in time, there are a number of experimental drugs which are at various stages of testing or approval. They may or may not finally make it to the market place. But the fact of their existence, their performance in the trials, the stage of FDA approval (relevant since most drugs are discovered in the US) are all fairly common knowledge and often in the public domain.

The ethical issue comes when there is say a terminally ill patient who does not have much time left and where conventional approved forms of treatment have failed. The patient, or his family, makes the appeal to a pharmaceutical company for an experimental drug that is not yet fully tested and has not been approved by the FDA. Is it ethical for the company to release an experimental drug for such a patient ? They may not even be making the drug outside of the lab as yet. Should they actually produce it in a pilot facility to make it available ?

I learnt from this news article that hundreds of such requests actually come to the FDA every year . The regulator examines each such request and apparently they are mostly approved. But for any serious evaluation of a request, they need time and that is probably what the patient does not have. Even if there was a little time, the patient and the family would be understandably anxious to try the treatment tomorrow if possible. So, even with an FDA approval of the case, how does a company respond to such a request.

On one hand, it is absolutely cruel to withhold a possibility of a chance, however slim, from somebody who will otherwise die. The case for release of experimental drugs is very strong. It doesn't need any further elaboration.

But consider the risks. Doctors will be the first to tell you that there are many grey cases where it is not easy to determine if the patient is terminally ill. What if there are are horrendous side effects which are not yet known - at what stage of experimentation of a drug is it OK for it to be released to a live patient. What about the risks of lawsuits - after all we are talking about the US a notoriously litigious society. What about the risks that companies may simply use terminal patients as clinical trials if compassionate care becomes widespread. What about non terminal cases (say Parkinson's or Alzheimer's, which are non fatal but horrible diseases) where an experimental treatment might drastically alter the quality of life.

Thorny ethical issues. I would hate to be in a position making the decision. Johnson & Johnson, a famously ethical company has moved to set up an independent panel to be organised by the New York University to decide on each case. That is probably the best course of action, but each decision would be extremely difficult to make.

What do you think - in which direction would you lean ?
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European Journal of Business and Social Sciences (EJBSS)

European Journal of Business and Social Sciences (EJBSS) provides a forum for sharing timely and up-to-date publication of scientific research and review articles. The journal publishes original full-length research papers in all areas related to hypothetical and theoretical in its nature and that provides exploratory insights in the fields of accounting, corporate finance, investment, insurance, monetary banking, stock exchange, capital markets and relevant subjects. It is devoted to enhancing research outlets for the finance and accounting disciplines in the world.

European Journal of Business and Social Sciences (EJBSS)

 is an open access, international, peer-reviewed general multidisciplinary journal for economics, management and social studies. The journal's website can be found at https://ejbss.org . The archives of the issues of journal is available at EJBSS Archives. Send papers for publication to editor@eduindex.org 
 
The topics related to this journal include but are not limited to:
Audit expectation gap
Auditing standards
Behavioural finance
Corporate governance
Cost of capital and capital budgeting
Earnings management
Foreign exchange markets
Financial reporting
International parity conditions
Islamic finance
Market for audit services
Market microstructure
Mergers and acquisitions
Public sector accounting and auditing
Time-varying correlations
Valuation of securities
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GIS-Business - A journal for GIS and Remote Sensing

GIS Business with ISSN no. 1430-3663 is UGC Approved journal with J. no. 27917. Indexing and archives of GIS Business journal is at Journal Archives and Website of GIS Business is gisbusiness.org
GIS-Business is Indexed in SCOPUS with link to Scopus Indexing Scopus Scopus is one of the best indexing services for journals. GIS is a Internaitonal Peer reviewed and referred journal for publication of research papers.
GIS Busines is multi-disciplinary journal for remote sensing, gis, earth sceinces, geology, geography, business, management, commerce, economics, urban planning, civil engineering, environmental sciences. Journal Webiste is gisbusiness.org
Indexing of Journal is provided by Eduindex at Journal Archives
Submit research papers for publication in this journal to editor@eduindex.org 


  GIS Business is an international, open access and peer-reviewed journal that dedicates itself to mathematical economic theory, with an emphasis on microeconomics. In addition, the journal seeks research findings and commentary on international developments in economics. Articles on economic issues between individual nations, emerging and evolving trading blocs will be particularly welcomed. Contributors are encouraged to spell out the practical implications of their work for economists in government and industry. The topics related to this journal include but are not limited to:
Applied economic theory
Econometrics & statistical methods
Endogenous technological change
Economic fluctuations
Econophysics
Financial development
Income distribution and growth
Human capital and trade
Migration and growth
Money and growth
Overlapping-generations models
Political economy
National and global governance
Neoclassical growth models
Global economic crisis
International trade
International factor movements
Multinational firms
Foreign exchange
Exchange rate regimes
Wages and employment
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Restaurant Business (RS): A Management Journal

Restaurant Business (RS): A Management Journal is a Biannual Journal of Symbiosis Centre for Management and Human Resource Development. The objective of this journal is to disseminate knowledge encompassing emerging management concepts, product and process innovations, structure and performance of organizations and industries in dynamic socio-cultural, political, technological, economical and political environment.
Journal is indexed within Ebsco Database, Cabell's Directory of Publishing Oppurtunities and Ulrich’s Periodical Directory. 

It would invite articles under following four categories:
Restaurant Business (RS) is aimed at conceptual interpretation of emerging managerial issues and perspectives on organizations, academic institutes, government and society. Analysis would be based on quantitative and qualitative approaches to and empirical research on markets, organizations, economy, accounting, information technology, human resource, business strategies and policy, ethics, finance, and production processes. Case would incorporate real business situation and managerial decision taken at functional, organizational and strategic level. Review would have reviews of current management books and summarization of contemporary research articles of business interest published in creditable international and national journals.

Restaurant Business (RS)  with ISSN 0097-8043 is multi-disciplinary journals for management studies, business, economics, ecommerce, finance, trade, banking, insurance, commerce, hospitality, tourism, planning, development studies and allied fields. The journal is open access and available electronically around the world.
Scopus Indexed Journal available at https://www.scopus.com/sourceid/4900152405 . Researchers can find the Restaurant Business (RS) Journal Journal Home Page with Issues and Archives at  https://journals.eduindex.org/index.php/rb/ 
UGC Approved Journal no. 10549 at https://www.ugc.ac.in/journallist/ RS is working for publication and promotion of research through https://www.restaurantbusinessjournal.com/ throughout the world. Scholars are requested to submit papers for publication in Scopus Indexed and UGC Approved journal - Restaurant Business (RS) 
Email to submit Papers for publication is editor@restaurantbusinessjournal.com 
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