Friday, January 23, 2009

What your clasroom will look like in future


The 2009 Horizon Report describes the continuing work of the NMC’s Horizon Project, a long-running qualitative research project that seeks to identify and describe emerging technologies likely to have a large impact on teaching, learning, research, or creative expression within Higher Education.

You can also view the reports for 2008, 2007, 2006, 2005 and 2004 if you'd like to check how accurate their predictions were.

So expect more of the following in your classrooms in the next:

One year or less:

  • Mobiles

Mobiles are already in use as tools for education on many campuses. New interfaces, the ability to connect to wifi and GPS in addition to a variety of cellular networks, and the availability of third-party applications have created a device with nearly infinite possibilities for education, networking, and personal productivity on the go; almost every student carries a mobile device, making it a natural choice for content delivery and even field work and data capture.


  • Cloud Computing

The emergence of cloud-based applications is causing a shift in the way we think about how we use software and store our files.
Educational institutions are beginning to take advantage of ready-made applications hosted on a dynamic, ever-expanding cloud that enable end users to perform tasks that have traditionally required site licensing, installation, and maintenance of individual software packages. Email, word processing, spreadsheets, presentations, collaboration, media editing, and more can all be done inside a web browser, while the software and files are housed in the cloud.


Already, cloud-based applications are being used in the K-12 sector to provide virtual computers to students and staff without requiring each person to own the latest laptop or desktop machine; a handful of basic machines, provided they can access the Internet and support a web browser, are all that is needed for access to virtually unlimited data storage and programs of all kinds.

Two to Three years:

  • Geo-Everything

Everything on the Earth’s surface has a location that can be expressed with just two coordinates. Using the new classes of geolocation tools, it is very easy to determine and capture the exact location of physical objects — as well as capturing the location where digital media such as photographs and video are taken. The other side of this coin is that it is also becoming easier to work with the geolocative data thus captured: it can be plotted on maps; combined with data about other events, objects, or people; graphed; charted; or manipulated in myriad ways.


A sampling of location-aware applications across disciplines includes the following:
Literature.

Geotagging and virtual geocaching can be used to create annotated maps and real-world locations related to works of literature, enhancing the experience of reading the story. For instance, out of personal interest, one reader created a map of the course described in The
Travels of Marco Polo, including passages from the text, photographs of the places mentioned (historical and contemporary), annotations and links, and other information

Medicine.

The University of Florida has used a 2-dimensional web-based Transparent Reality Simulation Engine to teach students how to operate medical machinery for several years. Recently, the addition of a GPS-enabled tablet device has allowed learners who are spatially challenged to experience the transparent reality visualization overlaid directly onto the real machine, enabling them to use the machine’s controls rather than a mouse as input to the simulation. Geolocation is used to track the tablet and align the physical machine with the visualization on the tablet.

Games-based Learning.

The Local Games Lab at the University of Wisconsin-Madison is developing "local games," learning experiences set in real-life neighborhoods and ecological habitats. Combining geolocation and alternate reality games, local games immerse the learner in a physical space as they explore the unique characteristics of the location and its inhabitants.

  • The Personal Web

Armed with tools for tagging, aggregating, updating, and keeping track of content, today’s learners create and navigate a web that is increasingly tailored to their own needs and interests: this is the personal web.

The tools that enable the personal web are also ideal toolsets for research and learning. The ability to tag, categorize, and publish work online, instantly, without the need to understand or even touch the underlying technologies provides a host of opportunities for faculty and students. By organizing online information with tags and web feeds, it is a simple matter to create richly personal resource collections that are easily searchable, annotated, and that support any interest.

Four to Five Years:

  • Semantic-Aware Applications


The idea behind the semantic web is that although online data is available for searching, its meaning is not: computers are very good at returning keywords, but very bad at understanding the context in which keywords are used.

The capability of semantic-aware applications to aid in searching and finding has implications for research, especially in light of the rate at which web content is being created. As semantic search tools continue to develop, it will be more common to see highly relevant results that display desired information in the hit list summary itself, saving time that is now spent clicking through to each page in turn. Semantic search also promises to reduce the number of unrelated or irrelevant results for a given search and to facilitate natural-language queries, both potentially useful features for researchers.

  • Smart Objects

Smart objects are the link between the virtual world and the real. A smart object "knows" about itself — where and how it was made, what it is for, who owns it and how they use it, what other objects in the world are like it — and about its environment. Smart objects can report on their exact location and current state (full or empty, new or depleted, recently used or not).


There are very few examples of smart objects in use in academia, although significant research is being done into how to create and track smart objects and how they might eventually be used.
A sampling of applications for smart objects across disciplines includes the following:
Archaeology.

The way that a single smart object connects to a network of information is useful for many disciplines. Consider a student or researcher examining a group of objects from an archaeological dig. A tag attached to the label of each object, when scanned with a mobile device like a camera-enabled phone, would instantly bring up photographs of other objects from the dig, video of the dig site, maps, and any other media or information associated with the area.

Health Care.

Researchers and students at the University of Arkansas have created a simulated hospital environment in the virtual world of Second Life to test the practical and social implications of tagging and tracking patients, hospital staff, supplies, and locations.

Oncology

At Purdue University, researchers have developed a tiny smart object designed to be injected into a tumor. Once placed there, the device can report on the doses of radiation received at the site where it is implanted and indicate the exact location of the tumor during treatment.

Thursday, January 22, 2009

New releases from StatsSA

StatsSA released their newest statistics:

P6242.1 - Retail trade sales, November 2008
Retail trade sales decrease in real terms
Retail trade sales, at constant (2000) prices, for the three months ended November 2008 decreased by 4,0% compared with the three months ended November 2007. Retail trade sales, at constant (2000) prices, for the same period in 2007 increased by 1,1%.

Retail trade sales at constant (2000) prices for November 2008 also decreased by 4,0% compared with November 2007. Retail trade sales at constant (2000) prices for the first eleven months of 2008 reflected a decrease of 2,4% compared with the first eleven months of 2007, while growth for the same period in 2007 was 5,8%.

Retail trade sales at current prices, for the three months ended November 2008, increased by 11,4% compared with the three months ended November 2007. The major contributors to this increase were general dealers (+5,7 percentage points), retailers in textiles, clothing, footwear and leather goods (+2,1 percentage points), retail trade in specialised food, beverages and tobacco stores (+1,8 percentage points), and all other retailers (+1,2 percentage points).
Retailers in household furniture, appliances and equipment contributed negatively (-0,6 of a percentage point) to the change in retail trade sales.

Retail trade sales at current prices for November 2008 increased by 10,7% compared with November 2007, while sales for the corresponding period in 2007 increased by 8,7%.

P0041 - Civil cases for debt, November 2008
The total number of civil summonses issued for debt for the three months ended November 2008 increased by 5,2% compared with the three months ended November 2007. However, there was a decrease of 4,2% between November 2007 and November 2008. The total number of civil judgements recorded for debt for the three months ended November 2008 decreased by 12,9% compared with the three months ended November 2007. There was also a decrease of 16,4% between November 2007 and November 2008. The total value of civil judgements recorded for the three months ended November 2008 decreased by 3,4% compared with the three months ended November 2007. However, there was a 13,3% y/y increase in the value of civil judgements recorded for debt in November 2008.

P5041.1 - Selected building statistics of the private sector as reported by local government institutions, November 2008
The value of recorded building plans passed by larger municipalities (at current prices) during January to November 2008 decreased by 4,8% (-R3 649,1 million) compared with January to November 2007. This was due to a decrease of 15,1% (-R6 290,7 million) reported for residential buildings. However, the decrease in residential buildings was partially counteracted by increases reported for non-residential buildings (17,0% or R2 475,7 million) and additions and alterations (0,8% or R165,8 million).

The preliminary estimates indicate that the value of buildings reported as completed to larger municipalities (at current prices) during the above-mentioned period increased by 9,3% (R4 000,9 million). Increases were reported for additions and alterations (25,2% or R1 912,9 million and non-residential buildings (24,4% or R2 100,0 million). Residential buildings decreased marginally by R12,0 million.

Wednesday, January 21, 2009

Business/Economics E-Reference Ratings

The Library Journal recently published an article comparing the various Business/Economic E-resources available. Each database is rated based on the seven criteria librarians consider the most when making purchasing decisions:

  • Scope - range and breadth of content

  • Writing -quality of the writing; consideration of the audience

  • Design - visual appeal; strengths and weakness of the interface

  • Bells & Whistles - inclusion of multimedia files, interactive maps, blogs, and other features

  • Ease of Use - logic behind the organization; efficiency of the search mechanisms

  • Linking - cross-searchability with other files; ability to integrate with and link to other products

  • Value for money - Value is a relative term, taking into consideration not only cost but myriad related factors. If a product is expensive, does its comprehensiveness and quality warrant the high cost? Are too much time and energy required to find material, given the price?
Below is the results in table format. (Click on image to enlarge)

Of the 14 databases used in the comparison UJ used to subscribe to 3:

1. ABI/Inform - which we've cancelled. In the LJ comparison ABI/Inform did not receive a high rating for value for money, scope or writing. It did slightly better for ease of use.

2. Business Source Complete - the Library subscribes to the Business Source package from Ebsco (the Complete package includes a few more journals). This database was rated as excellent in terms of scope and value for money; it also scored high in the other categories

3. Emerald EMX - Emerald scored quite high for the linking they provide and also managed a good/plentiful rating for the other six criteria

Here is the comments from LJ regarding the two databases we still have (Business Source and Emerald):
  1. Business Source: Visually attractive and easily searchable, this business resource offers everything a user would expect from a native EBSCO product. Searches can be limited to academic journals, trade publications, magazines, newspapers, books/monographs, company profiles, SWOT analysis, country reports, industry profiles, market research reports, and product reviews. With over 4000 titles (3000 full text), the product is well worth the price. If your library can afford only one business resource this year, give this one a try.

  2. Emerald has brilliantly combined its web site and online database into a single platform to provide 85,000 full-text articles from 175 peer-reviewed journals as well as web site content. Search results can be limited by clicking on articles, abstracts & reviews, Emerald site, or other content tabs. Current journal issues are easily located from the journal list, which are displayed with cover images, and links to RSS, latest issue, editorial team, and submission guidelines.

The future of the Global Financial System

The World Economic Forum released its initial report from the New Financial Architecture project, The Future of the Global Financial System: A Near-Term Outlook and Long-Term Scenarios to explore the driving forces that are shaping the global financial system and how these forces might affect governance and industry structure.



Key conclusions from phase one report – “The Future of the Global Financial System”
The phase one report identifies a near-term industry outlook characterized by an expanded scope for regulatory oversight, back to basics in the banking sector, some restructuring by alternative investment firms and the emergence of a new set of winners and losers.

Over the long-term, a range of external forces and critical uncertainties will further shape the industry. In particular, our study found that the pace of power shifts from today’s advanced economies to the emerging world and the degree of international coordination on financial policy are the two most critical uncertainties for the future of the global financial system. The report therefore explores four challenging scenarios.

Driving forces and critical uncertainties
In phase one of the New Financial Architecture project, the World Economic Forum engaged more than 250 industry practitioners, policy-makers and academics in workshops, interviews and participation in a survey to identify and prioritize the key driving forces expected to shape the future of the global financial system between today and 2020. The engagement process resulted in an inventory of 34 prioritized driving forces:

click on image to enlarge

Four scenarious for the future of the global financial system

click on image to enlarge


1. Financial regionalism is a world in which post-crisis blame-shifting and the threat of further economic contagion create three major blocs on trade and financial policy, forcing global companies to construct tripartite strategies to operate globally.
2. Fragmented protectionism is a world characterized by division, conflict, currency controls and a race-to-the bottom dynamic that only serves to deepen the long-term effects of the financial crisis.
3. Re-engineered Western-centrism is a highly coordinated and financially homogenous world that has yet to face up to the realities of shifting power and the dangers of regulating for the last crisis rather than the next.
4. Rebalanced multilateralism is a world in which initial barriers to coordination and disagreement over effective risk management approaches are overcome in the context of rapidly shifting geo-economic power.


Phase two priorities

In phase two of the New Financial Architecture project, the World Economic Forum will work closely with industry stakeholders to delve deeper into the implications of this analysis, with the goal of exploring collaborative strategies and areas of systemic improvement. This will involve an examination of the potential future sources of systemic risk, as well as opportunities to reposition the industry for sustainable, long-term growth in ways that maximize the stability and prosperity of both the financial and real economies.

New releases from IASB

IASB publishes proposed new Consolidation standard as part of comprehensive review of off balance sheet risk
The International Accounting Standards Board (IASB) today published for public comment proposals to strengthen and improve the requirements for identifying which entities a company controls.

Change in effective date of restructured IFRS 1
At its December 2008 meeting the Board decided to change the effective date of revised IFRS 1 First-time Adoption of International Financial Reporting Standards (published in November 2008) from 1 January 2009 to 1 July 2009.

Leading investor appointed as IASC Foundation Trustee
The IASC Foundation announced today the appointment of Scott Evans, Executive Vice President, Asset Management and Chief Executive Officer of TIAA-CREF Investment Management LLC, as a Trustee of the IASC Foundation.

IASB publishes revised proposal to eliminate unnecessary disclosures for state-controlled entities
The IASB today published a revised proposal to simplify the disclosure requirements that apply to state-controlled entities.

Monday, January 19, 2009

New releases from the African Development Bank

Nigeria: Commercial Agriculture Development Project (S)
Friday, January 16, 2009, 12:07:44 AM
WASHINGTON, January 15, 2009 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA Credit: US$150 million
TERMS: Maturity = 40 years; Grace= 10 years
Project Description: The project will support the government in strengthening agricultural production systems and facilitating access to markets for participating small- and medium-scale commercial farmers in the targeted states. The project has two components, namely, (i) Agricultural Production and Commercialization; and (ii) Rural Infrastructure. The project will also finance Project Management, Monitoring and Evaluation and Studies.

Nigeria-Nigeria - Public/Private Partnership Initiative
Mozambique-MZ-Energy Development and Access Project (APL-2)
Cameroon-CM-Community Development Program Support Project Phase-II

All eyes on Washington tomorrow

The presidential inauguration is the official day that the President of the United States is sworn into office. The purpose of this inauguration is to honor the incoming president with formal ceremonies, including: a Presidential Swearing-in Ceremony, an Inaugural Address, and an Inaugural Parade.

The inauguration will take place tomorrow on January 20, 2009 in Washington D.C. on the steps of the United States Capitol and will be covered by all the big news channels on DSTV. The swearing-in ceremony starts at 19:00 (Africa time) with the Inaugural Parade starting at 21:30

President-elect Barack Obama will take the oath of office, which states the following:

"I do solemnly swear that I will faithfully execute the office of the President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States."

The theme for the inauguration is The Birth of a New Freedom and keeping with the Election 2.0 style the Obama Inauguration already has an impressive website running with blogs, videos, bios etc.

IMF recent releases



Working Papers:


Recent French Export Performance: Is There a Competitiveness Problem?
Author/Editor: Kabundi, Alain N. ; Nadal-De Simone, Francisco
Summary: Recently, the export performance of France relative to its own past and relative to a major trading partner, Germany, deteriorated. That deterioration seems related to the geographical destination and product composition of trend exports. Faced with an increase in unit labor costs or in its terms of trade, France adjusts relatively less via price and wage changes, and more via employment changes. Given that SMIC convergence resulted in a significant increase in unit labor costs, foreign sector difficulties might be structural. Trade flows relevance and euro area policy constraints highlight the importance of structural reforms that increase markets flexibility.

Banking Stability Measures
Author/Editor: Segoviano Basurto, Miguel A. ; Goodhart, C. A. E.
Summary: This paper defines a set of banking stability measures which take account of distress dependence among the banks in a system, thereby providing a set of tools to analyze stability from complementary perspectives by allowing the measurement of (i) common distress of the banks in a system, (ii) distress between specific banks, and (iii) distress in the system associated with a specific bank. Our approach defines the banking system as a portfolio of banks and infers the system's multivariate density (BSMD) from which the proposed measures are estimated. The BSMD embeds the banks' default inter-dependence structure that captures linear and non-linear distress dependencies among the banks in the system, and its changes at different times of the economic cycle. The BSMD is recovered using the CIMDO-approach, a new approach that in the presence of restricted data, improves density specification without explicitly imposing parametric forms that, under restricted data sets, !
are difficult to model. Thus, the proposed measures can be constructed from a very limited set of publicly available data and can be provided for a wide range of both developing and developed countries.

Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia
Author/Editor: Shirono, Kazuko
Summary: This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade.

A European Mandate for Financial Sector Supervisors in the EU
Author/Editor: Hardy, Daniel C. L.
Summary: The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.

Surveys:

Hungary: Markets Have Stabilized, but Long Road Ahead
Hungary's financial markets have stabilized since the IMF approved a $15.7 billion loan to back a program designed to ease financial market stress and support economic activity. But the road ahead is long, says James Morsink, the IMF's mission chief for Hungary.

IMF Helping Counter Crisis Fallout in Emerging Europe
The financial crisis has hit Europe hard. In an interview, IMF European Department head Marek Belka talks about Europe's prospects for recovery and the principles that guide the Fund as it seeks to help Europe's emerging economies counter the fallout of the crisis.


Economic Crises Hit Workers Hardest, Labor Conference Told
Workers, farmers, and the poor are likely to be among the groups worst affected by the current global recession, an IMF and World Bank meeting with global labor unions heard. The poor were also likeliest to spend any extra liquidity, the meeting was told.

IMF Makes $800 Million Available to El Salvador
In an interview, the IMF's mission chief for El Salvador, Alfred Schipke, talks about the impact of the global financial crisis on El Salvador, the precautionary nature of the economic program, and the challenges surrounding the future of the country's economic policies.

Country Reports:

Cape Verde: Fifth Review Under the Policy Support Instrument - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cape Verde

United Republic of Tanzania: Fourth Review Under the Policy Support Instrument - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for United Republic of Tanzania
Senegal: Second Review Under the Policy Support Instrument, Request for a Twelve-Month Arrangement Under the Exogenous Shocks Facility, and Request for Waivers and Modification of Assessment Criteria -Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal
Palau: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Republic of Madagascar: Poverty Reduction Strategy Paper - Annual Progress Report - Joint Staff Advisory Note
Sierra Leone: Selected Issues and Statistical Appendix
Liberia: 2008 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Waiver and Modification of Performance Criteria - Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia

Wednesday, January 14, 2009

Management Decision: Call for Papers


Management Decision is calling for papers for their Special Issue on "Why green management matters" Edited by: Professor David Lamond & Dr Rocky Dwyer
Background
Following the 2007 special issue "Alleviating poverty through trade", and the 2008 "Questions we ask about ethics in a global marketplace", this is the third in an ongoing series of special issues of Management Decision devoted to matters of ethics, sustainability and corporate social responsibility and woven in with the organising theme of the Academy of Management. In 2009, the theme is Green Management Matters.
The special issue will be edited by Rocky Dwyer and David Lamond and will appear under the title of "Why green management matters". It is scheduled for Volume 47, Issue 7 and will appear in August 2009 in CD format, as well as its usual hard copy version, to coincide with the Academy of Management Conference in Chicago.
Whether dealing with waste management or investment management, today's decision makers are confronted with the "green" in those decisions - sustainability, carbon footprints, industrial ecosystems, greenhouse gasses, and energy efficiency are some of the elements which are increasingly the "stuff" of those decisions, the criteria by which decisions are judged to be more or less sound.
This issue seeks to make a contribution to the debate about the "green" consistent with its title "Why green management matters". Papers are welcomed that explore green management and the principles which underpin this approach.
Questions such as "Can I just get by through paying someone else to have a smaller carbon footprint?", "Should business be my brother's (green) keeper?", and "Isn't my responsibility to the shareholders?" needs answers. Conceptual papers, as well as qualitative and quantitative research papers, are welcomed, as they add to the knowledge base about corporate social responsibility and ethics in relation to green management matters.
Papers
Submission of the full paper is required by 1 February 2009 for consideration for the special issue. Papers submitted will be subject to a minimum double-blind peer review process to ensure that this special issue maintains the excellent reputation and record of Management Decision.
For style guidelines please visit the Management Decision web site.
Submissions to Management Decision are made using ScholarOne's Manuscript Central http://mc.manuscriptcentral.com/md.
Full instructions are on the author guidelines site. As a guide, articles should be between 3,000 and 6,000 words in length.
A title of not more than 12 words should be provided.
Please e-mail any queries to:
Professor David Lamond PhD E-mail: david.lamond@ntu.ac.uk
Dr Rocky Dwyer PhDE-mail: Dwyer.RJ@forces.gc.ca

ScienceDirect's Hottest articles July - September 2008

Every 3 months ScienceDirect distributes a list of the Top 25 Hottest articles published with in a specific subject area.


Here is the newest list available for Economics, Econometrics and Finance for the time period: July - September 2008:

Accounting is classed with Business Management and is available here.



1. Foreign exchange risk management in UK, USA and Asia Pacific multinational companies • ArticleJournal of Multinational Financial Management, Volume 10, Issue 2, Pages 185 - 211Marshall, A.P.Cited by Scopus (10)


2. Recent Developments in Corporate Governance: An Overview • EditorialJournal of Corporate Finance, Volume 12, Issue 3, Pages 381-402Gillan, S.L.Cited by Scopus (11)


3. The demand for organic foods in the South of Italy: A discrete choice model • ArticleFood Policy, Volume 33, Issue 5, Pages 386-396Gracia, A.; de Magistris, T.


4. Market efficiency, long-term returns, and behavioral finance • ArticleJournal of Financial Economics, Volume 49, Issue 3, Pages 283-306Fama, E.F.Cited by Scopus (405)


5. Investor protection and corporate governance • ArticleJournal of Financial Economics, Volume 58, Issue 1-2, Pages 3-27La Porta, R.; Lopez-de-Silanes, F.; Shleifer, A.; Vishny, R.Cited by Scopus (334)


6. Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature • ArticleJournal of Accounting and Economics, Volume 31, Issue 1-3, Pages 405-440Healy, P.M.; Palepu, K.G.Cited by Scopus (195)


7. World population and food supply - can food production keep pace with population growth in the next half-century? • ArticleFood Policy, Volume 27, Issue 1, Pages 47-63Gilland, B.Cited by Scopus (14)


8. The theory and practice of corporate finance: evidence from the field • ArticleJournal of Financial Economics, Volume 60, Issue 2-3, Pages 187-243Graham, J.R.; Harvey, C.R.Cited by Scopus (229)


9. Earnings management and earnings quality • ArticleJournal of Accounting and Economics, Volume 45, Issue 2-3, Pages 350-357Lo, K.


10. Corporate governance and firm performance • ArticleJournal of Corporate Finance, Volume 14, Issue 3, Pages 257-273Bhagat, S.; Bolton, B.Cited by Scopus (1)


11. How does foreign direct investment affect economic growth? • ArticleJournal of International Economics, Volume 45, Issue 1, Pages 115-135Borensztein, E.; De Gregorio, J.; Lee, J.-W.Cited by Scopus (276)


12. Integrating the valuation of ecosystem services into the Input-Output economics of an Alpine region • ArticleEcological Economics, Volume 63, Issue 4, Pages 786-798Gret-Regamey, A.; Kytzia, S.Cited by Scopus (1)


13. Integrated ecological-economic modelling of water pollution abatement management options in the Upper Ems River Basin • ArticleEcological Economics, Volume 66, Issue 1, Pages 66-76Volk, M.; Hirschfeld, J.; Dehnhardt, A.; Schmidt, G.; Bohn, C.; Liersch, S.; Gassman, P.W.


14. Is Globalization Reducing Poverty and Inequality? • ArticleWorld Development, Volume 32, Issue 4, Pages 567-589Wade, R.H.Cited by Scopus (53)


15. Capital markets research in accounting • ArticleJournal of Accounting and Economics, Volume 31, Issue 1-3, Pages 105-231Kothari, S.P.Cited by Scopus (149)


16. The price of innovation: new estimates of drug development costs • ArticleJournal of Health Economics, Volume 22, Issue 2, Pages 151-185DiMasi, J.A.; Hansen, R.W.; Grabowski, H.G.Cited by Scopus (590)
17. Is financial openness bad for education? A political economy perspective on development • ArticleEuropean Economic Review, Volume 44, Issue 4-6, Pages 891-903Bourguignon, F.; Verdier, T.Cited by Scopus (2)


18. The ecology of ecosystem services: introduction to the special issue • EditorialEcological Economics, Volume 29, Issue 2, Pages 179-182Limburg, K.E.; Folke, C.Cited by Scopus (10)
19. Who makes acquisitions? CEO overconfidence and the market's reaction • ArticleJournal of Financial Economics, Volume 89, Issue 1, Pages 20-43Malmendier, U.; Tate, G.Cited by Scopus (2)


20. A new world order: explaining the international diffusion of the gold standard, 1870-1913 • ArticleJournal of International Economics, Volume 66, Issue 2, Pages 385-406Meissner, C.M.Cited by Scopus (5)


21. Ownership Concentration and Corporate Performance in the Czech Republic • ArticleJournal of Comparative Economics, Volume 27, Issue 3, Pages 498-513Claessens, S.; Djankov, S.Cited by Scopus (50)


22. Why do firms pay dividends? International evidence on the determinants of dividend policy • ArticleJournal of Financial Economics, Volume 89, Issue 1, Pages 62-82Denis, D.J.; Osobov, I.


23. Oil price dynamics (2002-2006) • ArticleEnergy Economics, Volume 30, Issue 5, Pages 2134-2153Askari, H.; Krichene, N.


24. Earnings quality at initial public offerings • ArticleJournal of Accounting and Economics, Volume 45, Issue 2-3, Pages 324-349Ball, R.; Shivakumar, L.


25. Mixed-variable fuzzy clustering approach to part family and machine cell formation for GT applications • ArticleInternational Journal of Production Economics, Volume 103, Issue 1, Pages 185-198Yang, M.S.; Hung, W.L.; Cheng, F.C.Cited by Scopus (1)

University news from Africa

Karen MacGregor
Power changed hands within South Africa's ruling African National Congress a year ago, and national elections are looming. What the new ruling elite will mean for higher education is unsure, but the hot political issues this year look set to include teacher education and student fees, says Dr Cheryl de la Rey, chief executive officer of the statutory advisory Council on Higher Education.
Tunde Fatunde
Crucial renovations at 12 academic hospitals in Nigeria by two Austrian medical engineering firms, under contracts worth US$291 million, have ground to a halt following an alleged plan by "over-zealous" officials in the Ministry of Health to re-award the contracts to other firms. The companies have gone to court claiming breach of contract. Lecturers and students at medical colleges affiliated with the hospitals are concerned and President Musa Yar 'Adua has been called on to intervene.

A three-day conference on adult education and building a knowledge society in the Arab world opened on Monday in Gammarth, Tunisia. Titled "Investing in adult learning: Building knowledge and learning societies in the Arab region", it is one of five preparatory regional conferences for Unesco's Sixth International Conference on Adult Education, Confintea VI, which will take place in May in Belém, Brazil.

Clemence Manyukwe
Audits are underway at two of Zambia's largest higher education institutions, on the orders of the government, Higher Education Minister Professor Geoffrey Lungangwa told parliament late last year. This followed an attack on the government from parliamentarians over examination paper leakages and political interference at institutions of higher learning
Clemence Manyukwe
A Unesco-sponsored initiative to stem the academic brain drain in five African countries faces collapse in Zimbabwe - as a result of the flight of lecturers. An end of year report by the vice-chancellor's office at Chinhoyi University of Technology said academic staff trained in grid computing as part of the initiative had left the institution for safer - pastures
Ashraf Khaled
A new civil universities law approved late last year by the Shura Council, the Egyptian parliament's upper house, is set to tighten the government's grip on higher education. The law provides for the creation of 17 new non-profit universities and makes the Ministry of Higher Education responsible for appointing half the institutions' boards of directors. The other half will be left up to the universities' founders and investors to select.

University news from the West







ISRAEL-PALESTINE: Operation 'Cast Lead' shuts universities
Helena Flusfeder
Universities in Israel and Gaza have been caught up in the savage conflict now raging in the Palestinian territory. All five universities in Gaza have been shut down while two were closed in southern Israel. "The academic situation in Gaza is collapsing. People's main preoccupation is to get food and stay alive. They feel that everywhere in Gaza is not safe," said one Palestinian professor.

FRANCE: Universities begin move to autonomy
Jane Marshall
Nearly a quarter of France's 80-plus universities assumed new powers of autonomy on 1 January under the government's Universities' Freedoms and Responsibilities law. The legislation gives the universities control over their budgets, staff recruitment and salaries, and other areas that were previously the responsibility of the state. All universities must adopt the reform by 2012, though academics and students continue to express their opposition.

RUSSIA: Rector calls for sweeping reforms
Nick Holdsworth
The rector of Moscow's Higher School of Economics - one of Russia's top universities - has called for a massive shake up in the country's system of higher education. Yaroslav Kuzminov, (shown here at a conference on the right of Russian Finance Minister Alexei Kudrin), says unrestricted growth of university-level institutions in recent years has left Russia's higher education system a mess with wide disparities in standards of teaching and qualifications.

AUSTRALIA: Upheaval across university sector
Geoff Maslen
A plan to reshape Australia's higher education system, deregulate universities, vastly increase their enrolments, provide students with vouchers to study at the university of their choice and extend government funding to a bigger group of providers are among 46 wide-ranging recommendations being considered by the federal government.

UK: Research activity "world leading"
Diane Spencer
Cambridge University came top of the league again in the latest research assessment exercise carried out by England's higher education funding council, Hefce. The 2008 results, published just before Christmas, will be the last of their kind as the next process will be undertaken with a different method. After reviewing research conducted by 52,400 staff submitted by 159 universities and colleges, Hefce concluded that 54 % of UK research activity came into the top two grades of "world leading" or "internationally excellent".

INDIA-AUSTRALIA: Joint venture research academy
The first joint institution for research and research training in areas of mutual importance to India and Australia has been established between the Indian Institute of Technology, Bombay, or IITB, and Monash University in Melbourne. The new institution was officially opened at the end of November and is a centre of research excellence in clean energy, water, biotechnology, mineral exploration and computer simulation.





'Doing Diversity in Higher Education'
Editor of new collection of essays discusses the role of professors in welcoming and educating students of all types.

The Impact of a Ban on Affirmative Action
New study projects a 35 percent drop in minority enrollments at the most competitive four-year colleges and universities -- but little gain for white students










Practise what you preach
A lack of quantitative analysis and a tendency to avoid policy-based research has left the study of higher education in the UK in the doldrums

The wizards of Oz
The 'Melbourne model' has prompted universities worldwide to consider broadening undergraduate degrees. But the template does not win over everyone

Academics fear PhD quality is slipping
Staff say that pressures to get more students through quickly are harming standards





For-Profit University Begins A Large Media Campaign steven bell
An online educator is presenting itself to potential students as “a different kind of university.” The school is Kaplan University. A campaign for Kaplan University, which began last week, carries the theme “A different school of thought” and suggests that learning online is a way to develop talent that could otherwise go to waste. The campaign is the first national, multimedia effort for Kaplan University. The campaign arrives as the popularity of distance learning for adults, through online universities and colleges, continues to grow. Read more

New simplified access to the OECD National Accounts

The OECD national accounts - GDP and main aggregates - are now available in a new simplified electronic format. Data are derived from OECD.stat, they are updated on a daily basis and they follow the presentation of the publication "National Accounts of OECD Countries, Volume I".

Here is an example of Table 1:
(click on the image to enlarge)

Annual Report 2007

The IASC Foundation's Annual Report 2007 (63 pages) is now available to download.

The annual report includes an overview of the Trustee's oversight activities for 2007, as well as reports of the Chairman of the IASC Foundation Trustees, the IASB Chairman and independent auditors.

Here is the table of contents:
  1. Report of the Chairman of the IASC Foundation Trustees
  2. Putting public accountability first: A report of the Trustees’ oversight activities for 2007
  3. Funding of the organisation
  4. Report of the Chairman of the IASB
  5. Trustees of the IASC Foundation
  6. Members of the International Accounting Standards Board
  7. Members of the International Financial Reporting Interpretations Committee
  8. Members of the Trustee Appointments Advisory Group
  9. Members of the Standards Advisory Council
  10. Report of the independent auditors
  11. Statement of comprehensive income
  12. Statement of financial position
  13. Statement of cash flows
  14. Notes to the financial statements
  15. 2007 financial supporters
  16. IASB pronouncements current at 1 January 2008

IASC publishes IFRS Taxonomy 2009 for public comment


The International Accounting Standards Committee (IASC) Foundation announced the release of the near final version of the IFRS Taxonomy 2009 for public comment.

Download Exposure Draft of the IFRS Taxonomy 2009 [ZIP, 857 KB]
Download documentation of changes [PDF, 70 KB]

The IFRS Taxonomy 2009 is a translation of International Financial Reporting Standards (IFRSs) as issued at 31 December 2008 into XBRL (eXtensible Business ReportingLanguage), a language that is used to communicate information between businesses and other users of financial information.

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The specific characteristics of XBRL allow companies, regulators, investors, analysts and others using the IFRS Taxonomy 2009 with easier filing, access to and comparison of financial data.
XBRL is rapidly becoming the format of choice for the electronic filing of financial information – particularly within jurisdictions reporting under IFRSs.

In addition, on 4 March 2008 the recent US SEC rule that allows non-US companies listed in the US to file their financial reports according to IFRSs as issued by the International Accounting Standards Board (IASB) became effective. According to this rule non-US companies that choose to submit their financial reports in IFRS electronically will have to do so using the IFRS Taxonomy 2009.

The IFRS Taxonomy 2009 builds upon the architecture of the IFRS Taxonomy 2008. Amendments to the 2009 IFRS Taxonomy mainly reflect changes in IFRSs. However, improvements in the syntax (not affecting semantics) of the taxonomy have led to a decrease in size and download time.

The IFRS Taxonomy 2009 was reviewed by the external XBRL Quality Review Team (XQRT) that was established by the IASC Foundation at the end of 2007. Interested parties are invited to access the near final version of the IFRS Taxonomy 2009 and submit comments by 12 March 2009.

In accordance with XBRL International policy the near final version of the IFRS Taxonomy 2009 is freely available on this Website. The final version is expected to be released in early April 2009, when it will also be freely available.

IASB and FASB announced membership of Financial Crisis Advisory Group



The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) announced the membership of the Financial Crisis Advisory Group (FCAG) late last year.

The FCAG is the high-level advisory group set up by the boards to consider financial reporting issues arising from the global financial crisis. The group includes recognised leaders from the fields of business and government with a broad range of experience in international financial markets.

As previously announced, the FCAG will be jointly chaired by Harvey Goldschmid, former Commissioner, US Securities and Exchange Commission (US SEC), and Hans Hoogervorst, Chairman, AFM (the Netherlands Authority for the Financial Markets).
For a full membership list of the FCAG please click here

Tuesday, January 13, 2009

Major exporters pledge ongoing credit support for developing country imports


Image: woodsy

Thirty-six exporting countries,including 29 OECD members, issued a statement pledging continued export-credit support for international trade deals in line with a call by G20 leaders for emerging and developing economies to retain access to financing for imports in the present financial crisis.

The countries are:
Australia, Austria, Belgium, Brazil, Canada, Czech Republic, Denmark, Estonia, European Community, Finland, France, Germany, Greece, Hungary, India, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, the Russian Federation, Slovenia, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States.

Impact of the economic crisis on employment in OECD countries

The OECD area economy has entered recession and labour market conditions are rapidly deteriorating in many countries, according to the latest issue of the OECD Economic Outlook (No. 84, November 2008).
OECD projections indicate that the average unemployment rate in the OECD area may reach 6.3% in the last quarter of 2008, from 5.5% a year earlier. The unemployment rate is projected to increase further in the next 18 months and peak at 7.3% in the second quarter of 2010.
Overall, these projections suggest an increase in the number of unemployed persons in the OECD area from 34 million in 2008 to 42.1 million in 2010 – the most rapid rise in OECD unemployment since the early 1990s.


(click on the images to enlarge)



Back to Basics!

I’d like to say welcome back, but since most of you started before me, I’ll just say that I hope you had a wonderful rest during the festive season and that 2009 will bring less stress!

With the classes almost upon us, I’d like to give you some information on the training sessions I provide as well as a refresher on the Library services on offer:

Image: danzo08

Training
I provide training to all postgraduate students, both on individually and in groups.
· Individual training is done by appointment only – please give my details to all your postgraduate students
· Training is usually for an hour and a half and please send your new student assistants for training – it will improve their service to you tremendously

A few pointers to keep in mind when scheduling a group/class library session:
· I am more than happy to give a presentation/demo or hands-on training during class time. The library has a training venue with 14 computers that can accommodate about 28 students. If your class is bigger, I am happy to do training in the Labs as well.

If the class is an evening class the follow will come into play:
o I do only one evening training session per week
o Please let me know a week in advance so that I can book our training room and prepare the manuals
o The library training/session must be in the first hour (i.e. starting at 17:30 or 18:00 at the latest) and will be for an hour

Keep in mind that I am responsible for the training of 8 departments’ postgraduate students as well as 1st year training during January - March – so please let me know well in advance if you want me to train your class.

Library Services
In a nutshell I offer:
Training – for yourself, your student assistants and your postgraduate students
Alerting – be the first to know if a specific journal or article on your research topic has been published, or keep up to date with the publications of a specific author
Access to other universities – gain free access to all resources of other South African universities
Publishing – I can assist you in finding an accredited publication for your article, or a co-author or conference you can present at
Money - Want to know how much money you have left to buy books or databases with? Need help in weeding out old material? Just ask
Referencing – The university subscribes to RefWorks, a software package that automates the referencing and citation functions, please ask if you’d like me to show you how it works
Current Awareness – remember to check this blog regularly for updates on library services as well as relevant information for your subject area

My office is located on the 1st floor of the Library (by the Reference section) and you are more than welcome to come by for help or assistance.

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