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This is an intermediate-level macroeconomics textbook for undergraduate students who wish to gain some exposure to the Chinese economy while learning macroeconomics. And this is a truly "intermediate-level" textbook since it provides a calculus treatment of the standard intermediate macroeconomic theories such as the Solow models, IS-LM models, and so on. Students in many countries need an alternative macroeconomics textbook that is less American-centric than the existing ones. In particular, students in many developing countries need to learn about theories (e.g., the Lewis model of economic development) and cases (the Asian Financial Crisis) that are relevant to developing countries but are ignored in mainstream English textbooks. The use of calculus makes the textbook concise without sacrificing depth. And most importantly, after some training, students would feel comfortable with applying mathematics, the "engine of inquiry", to macroeconomic analysis.
In the early 2000s, California-based Guayakí popularized the caffeinated drink, yerba mate, among young people and creative types. With revenues of $100 million, Guayakí dominates the U.S. market where it is synonymous with yerba mate. This essay explores how Guayakí transformed a foreign product with deep local meaning, widespread popularity, and a long history in southern South America from a shared beverage and social practice into a healthy energy drink. Typically, localization entails multinational companies and local consumers adapting and giving new meanings to an exotic foreign product or brand. In contrast, local entrepreneurs radically changed yerba mate while preserving part of its narrative. Guayakí promotes product authenticity based on a narrative of South American Indigenous origins, stimulating qualities, and health benefits that fits with superfoods, while a narrative of green capitalism promotes brand authenticity. But that was not enough to popularize yerba mate. The product had to be adapted to consumer taste preferences and values that challenge the foundational ideas of superfoods and green capitalism. As a result of consumer input acquired through grassroots marketing, Guayakí transformed a shared infusion into something closer to a soft drink—a pre-prepared, individual-sized beverage served in a single-use bottle or can with flavoring and sugar levels tailored to U.S. consumers. The essay exposes the role of local entrepreneurs and consumers in shaping product development and localization. It complicates our understanding of product authenticity and brand authenticity while exposing the limitations of green capitalism, ethical consumerism, and activist entrepreneurship.
Any practising lawyer and student working with international commercial contracts faces standardised contracts and international arbitration as mechanisms for dispute settlement. Transnational rules may be applicable, but national law is still important. Based on extensive practical experience, this book analyses international contract practice and its interaction with various applicable sources. It considers vital questions concerning the role played by contractual regulation, by national law and by transnational sources. What is the interaction among these factors, and how does this all apply to contracts that refer disputes to international arbitration? This revised second edition has been fully updated to reflect developments in the field and includes useful tools like tables of cases and sources, and a list of electronic resources and databases.
The ability to organize is our most valuable social technology and the successful organizational design of an enterprise can increase its efficiency, effectiveness, and ability to adapt. Modern organizations operate in increasingly complex, dynamic, and global environments, which puts a premium on rapid adaptation. Compared to traditional organizations, modern organizations are flatter and more open to their environments. Their processes are more generative and interactive – actors themselves generate and coordinate solutions rather than follow hierarchically devised plans and directives. They also search outside their boundaries for resources wherever they may exist, and co-produce products and services with suppliers, customers, and partners, collaborating – both internally and externally – to learn and become more capable. In this volume, leading voices in the field of organization design demonstrate how a combination of agile processes, artificial intelligence, and digital platforms can power adaptive, sustainable, and healthy organizations.
Organic data have the potential to enable innovative measurements and research designs by virtue of capturing human behavior and interactions in social, educational, and organizational processes. Yet what makes organic data valuable also raises privacy concerns for those individuals whose personal information is being collected and analyzed. This chapter discusses the potential privacy threats posed by organic datasets and the technical tools available to ameliorate such threats. Also noted is the importance for educators and research scientists to participate in interdisciplinary research that addresses the privacy challenges arising from the collection and use of organic data.
Despite promising early evidence for the validity of well-designed game-based assessments (GBAs) for employee selection, the interaction between the complexity of games and their use in international and cross-cultural contexts is unknown. To address this, this paper presents a descriptive, qualitative study examining the perspectives of both GBA vendors and organizational stakeholders related to cross-cultural issues unique to GBAs related to 1) privacy, 2) legality, and 3) applicant reactions. Overall, privacy and legality concerns appeared similar for GBAs as with other assessment methods, although certain common characteristics of GBAs amplify common concerns. Applicant reactions appeared more positive to GBAs across national borders and cultures than traditional assessments, although some international differences were reported. Other cross-cultural topics raised included international differences in the conflation of GBA and artificial intelligence, in the importance of mobile-first design, and in the ability of GBAs to provide a more language-agnostic experience than other assessment types.
Social media is an ever-increasing aspect of the internet presence and daily life. Despite certain challenges in defining the construct, researchers have realized the possibility that social media can allow for the measurement and assessment of a wide variety of variables. Throughout the ever-growing number of social media sites and apps across countries and languages, there is an abundance of formats that researchers can utilize, such as photo, text, location, video, and more. In this book chapter, we conducted a literature search and identified four constructs that are most frequently studied using social media (i.e., personality, emotion/affect/mood, life satisfaction, and political views). We then summarized a list of studies that use social media to investigate these four constructs. Additionally, social media offers unique opportunities for researchers to assess various cross-cultural data, which can present its own challenges. We also provide examples of the potential opportunities and challenges, as well as ethical and technical considerations for researchers to keep in mind.
Technology, that is, the output of human innovation, has always been central to human progress worldwide. Early on, the ancients developed the wheel, concrete, calculus, and paper, which led to advances in transportation, construction, and communication. Today, the incarnation of technology falls in the realm of the digital and computational, and its progress has been rapid, even arguably exponential. In his chapter, “The Law of Accelerating Returns,” Ray Kurzweil writes, “An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense ‘intuitive linear’ view. So we won’t experience 100 years of progress in the 21st century – it will be more like 20,000 years of progress (at today’s rate)” (Kurzweil, 2004, p. 381).
In this commentary we reflect on Shaalan, Eid, and Tourky's (2022) article in which they investigated the Chinese concept and practice of guanxi in the Middle East,1 a region in which wasta represents the common way of informal networking.2 While we encourage and welcome research into informal networks, we have serious concerns about the conceptual and methodological approaches taken by Shaalan et al. (2022) in investigating informal networks in the Middle East and explain herein why we do not believe guanxi should have been used in place of wasta.
Behavioral measurement is the hallmark of research in the field of computational social science. We are witnessing innovative as well as clever use of existing and novel, commercial, or research-grade “sensors” to measure various aspects of human behavior and well-being. Passive sensing, a version of measurement where data is gathered and tracked unobtrusively using pervasive and ubiquitous sensors, is increasingly recognized and utilized in organizational science research. This chapter presents an overview of where passive sensing has been successful in workplace measurement, ranging from assessing worker personality and productivity, to their well-being, and understanding the overall organizational pulse. A range of passive sensing infrastructures are described (e.g., smartphones, wearable devices, social media) and several machine-learning-based predictive approaches are noted in this body of research. The chapter then highlights outstanding challenges as this field matures, which include issues of limited generalizability in computational measurement of workplace behaviors, gaps and limitations of gold standard assessment, model simplicity and sophistication tradeoffs, and, importantly, privacy risks. The chapter concludes with recommendations on important areas that need further or altogether new investments, so as to fully realize the potential of passive sensing technologies in more accurate, actionable, and ethical workplace measurement.
The ubiquity of mobile devices allows researchers to assess people’s real-life behaviors objectively, unobtrusively, and with high temporal resolution. As a result, psychological mobile sensing research has grown rapidly. However, only very few cross-cultural mobile sensing studies have been conducted to date. In addition, existing multi-country studies often fail to acknowledge or examine possible cross-cultural differences. In this chapter, we illustrate biases that can occur when conducting cross-cultural mobile sensing studies. Such biases can relate to measurement, construct, sample, device type, user practices, and environmental factors. We also propose mitigation strategies to minimize these biases, such as the use of informants with expertise in local culture, the development of cross-culturally comparable instruments, the use of culture-specific recruiting strategies and incentives, and rigorous reporting standards regarding the generalizability of research findings. We hope to inspire rigorous comparative research to establish and refine mobile sensing methodologies for cross-cultural psychology.
The quality of psychological assessment processes in talent management is influenced by our choices about which measurement technologies to use. Technology with relevance to assessing talent is also advancing at great speed in many domains. These advances include processing power and speed, human computer interaction research, and machine learning and artificial intelligence. Given these rapid developments, it is an appropriate time to pause and take stock of how emerging assessment approaches (e.g., game-based assessment) that leverage these new developments are used, relative to more traditional approaches such as questionnaires and interviews. To achieve this objective, we report here on a survey of European assessment practitioners. We ask about the technology they use for psychological assessment, the constructs they measure with those approaches, and the levels of organisations they are used at. We also asked about how traditional approaches are being enhanced with technology and about practitioner perceptions of the reliability, validity and adverse impact and privacy of their technological choices.
In this essay, we review the Technology and Measurement around the Globe chapters with an eye toward integration and synthesis. We primarily focus on implications for testing, and then make connections to the broader world of nontest assessment. We identify themes of privacy, fairness, workplace applications, and emerging technologies, and offer a research agenda for future investigations that seek to understand culture, technology, and measurement.
An overview of testing and measurement in North America is provided, covering topics related to privacy laws and regulations, online proctoring, artificial intelligence, accommodations, accessibility, and the “opt out of testing” movement that are currently defining measurement in North America. This is not to say that these challenges are unique to North America; in fact, the challenges related to these topics are being faced all over the world in varying degrees and the same opportunities exist, but these topics are of particular importance when it comes to measurement and assessment in North America. Building on these observations, a discussion of how advances in technology and computing power provide an opportunity to challenge the status quo related to assessment; these advancements will allow assessment of skills in more authentic ways that will provide better insight into someone’s knowledge, skills, and abilities. The question we should be asking and attempting to answer is “How can assessment developers leverage the power of the cloud and technology to measure skills more accurately and create higher fidelity in the assessment process?”