Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the overall competitiveness of corporations. But is this endless cycle of fluctuation really so bad for America? Might something positive be going on in the economy as a result of it?

In this penetrating work, three esteemed economists seek to answer these questions by exploring the real impact of volatility on American workers and businesses alike. According to the authors, while any number of events--shifts in consumer demand, changes in technology, mergers and acquisitions, or increased competition--can contribute to economic turbulence, our economy as a whole is, by and large, stronger for it, because these processes of creation and destruction make it more flexible and adaptable. The authors also acknowledge and document the adverse consequences of this turbulence on different groups of workers and firms and discuss the resulting policy challenges. Basing their argument on an up-close look into the dealings and practices of five key industries—financial services, retail food services, trucking, semiconductors, and software—the authors demonstrate the positive effects of turbulence on career paths, employee earnings, and firm performance.

The first substantial attempt to disentangle and make clear the complexities of this phenomenon in the United States, Economic Turbulence will be viewed as a major achievement and the centerpiece of any discussion on the subject for years to come.

This report assesses the effectiveness of China’s industrial policies, using China’s commercial aviation manufacturing industry as a case study. It evaluates China’s efforts to create a national champion in this industry, and analyzes foreign manufacturers’ efforts to protect key technologies when setting up production facilities there. It also offers policy options for foreign governments responding to Chinese policies.

Electromagnetic waves have long been used in medical settings for diagnostic purposes, such as for the detection of cancerous tissues, stroke events or cardiovascular risk, as the behaviour of the waves upon meeting their target gives pertinent information for diagnostic and imaging purposes.

Introducing the concept of state-sponsored platformization, this volume shows the complexity behind the central role the party-state plays in shaping social media platforms. The party-state increasingly penetrates commercial social media while aspiring to turn its own media agencies into platforms. Yet state-sponsored platformization does not necessarily produce the Chinese Communist Party’s desired outcomes. Citizens continue to appropriate social media for creative public engagement at the same time that more people are managing their online settings to reduce or refuse connection, inducing new forms of crafted resistance to hyper-social media connectivity. The wide-ranging essays presented here explore the mobile radio service Ximalaya.FM, Alibaba’s evolution into a multi-platform ecosystem, livestreaming platforms in the United States and China, the role of Twitter in Trump’s North Korea diplomacy, user-generated content in the news media, the emergence of new social agents mediating between state and society, social media art projects, Chinese and US scientists’ use of social media, and reluctance to engage with WeChat. Ultimately, readers will find that the ten chapters in this volume contribute significant new research and insights to the fast-growing scholarship on social media in China at a time when online communication is increasingly constrained by international struggles over political control and privacy issues.

This book, resulting from extensive research on the land tax in China during the Ch'ing Period (1644-1911), is based on the multivolume Ts'ai-cheng shuo-ming-shu (Financial reports) produced from a nationwide survey of public finance, 1908-1910, and numerous local gazetteers. It reveals in detail the complexity of surcharges levied with tax quotas, and so provides the first realistic estimate of the land tax actually collected in different provinces and districts.

Eternalized Fragments explores the implications of treating literature as art—examining the evolving nature of aesthetic inquiry in literary studies, with an eye to how twentieth- and twenty-first-century world fiction challenges our understandings of form, pleasure, ethics, and other critical concepts traditionally associated with the study of aesthetics.
 
Since postmodern and contemporary fiction tend to be dominated by disjunctures, paradoxes, and incongruities, this book offers an account of how and why readers choose to engage regardless, articulating the cognitive rewards such difficulties offer. By putting narrative and philosophical approaches in conversation with evolutionary psychology and contemporary neuroscience, W. Michelle Wang examines the value of attending to aesthetic experiences when we read literature and effectively demonstrates that despite the aesthetic’s stumble in time, our ongoing love affair with fiction is grounded in our cognitive engagements with the text’s aesthetic dimensions.
 
Drawing on a diverse range of works by Gabriel García Márquez, Kazuo Ishiguro, Arundhati Roy,Cormac McCarthy, Jeanette Winterson, Jennifer Egan, Italo Calvino, Flann O’Brien, and Alasdair Gray, Eternalized Fragments lucidly renders the aesthetic energies at work in the novels’ rich potentialities of play, the sublime’s invitation to affective renegotiations, and beauty’s polysemy in shaping readerly capacities for nuance.
 

One of the most commonly cited virtues of American federalism is its “laboratories of democracy”—the notion that decentralization and political competition encourage states to become testing grounds for novel social policies and ideas. In Experimentalist Constitutions, the first book that systematically compares subnational experimentalism in different countries, Yueduan Wang argues that the idea of federal laboratories is not exclusive to the American system; instead, similar concepts can be applied to constitutions with different center-local structures and levels of political competition. Using case studies from China, India, and the United States, the book illustrates that these vastly different polities have instituted their own mechanisms of subnational experimentalism based on the interactions between each country’s constitutional system and partisan/factional dynamics. In this study, Wang compares and contrasts these three versions of policy laboratories and comments on their pros and cons, thus contributing to the discussion of these great powers’ competing models of development.