Skilled workers in poor countries earn wages a fraction of that of their counterparts in rich nat... more Skilled workers in poor countries earn wages a fraction of that of their counterparts in rich nations. Here, we estimate the opportunities for wage arbitrage from emigration of workers from the Pacific Islands into Australia and New Zealand. Our calculations, based on wages earned by graduate accountants, computer science graduates and cooks with Certificate III qualifications, reveal wage premiums of a factor of up to 10 from emigration. Likewise, the cost of training to Australian standards within the Pacific Islands is as little as a third of that in Australia meaning that the total factor of economic arbitrage is 30.
Are there early warnings of an impending financial crisis in China? Our analysis using the Kamins... more Are there early warnings of an impending financial crisis in China? Our analysis using the Kaminsky–Lizondo–Reinhart (KLR) signal approach reveals that the probability of China having a currency crisis in the 24 months to October 2017 could be increased assuming no remedial action by the authorities to avert an impending crisis. Notwithstanding the above, our analysis shows that nine out of 15 economic indicators are effective in predicting a currency crisis. Loss function of policymakers and evaluation of usefulness are then employed to verify their validity. The results show that bank deposits and M2/international reserves are the most powerful indicators.
Fijian Studies: A Journal of Contemporary Fiji, 2006
The author comments on and analyzes the article 'WTO DOHA Round: An Opportunity or a Mirage f... more The author comments on and analyzes the article 'WTO DOHA Round: An Opportunity or a Mirage for Fiji?' by Professor Biman Prasad Chand. His opinion is that Fiji is in a highly privileged position of being the natural hub for the island Pacific; and what Fiji reaps from the WTO and Doha Development Round is more in its own hands rather than with the hand dealt out by her trading partners.
Fijian Studies: A Journal of Contemporary Fiji, 2006
The author comments and analyzes the article 'Regionalism: An Opportunity or an Imposition on... more The author comments and analyzes the article 'Regionalism: An Opportunity or an Imposition on Fiji?' by Jane Kelsey. Some controversies and questions posed by the article are answered; and the author's view on Fiji's role in regional integration as being a positive one, is highlighted.
This study reviews the history of China’s wage policy and analyzes the importance of balancing ef... more This study reviews the history of China’s wage policy and analyzes the importance of balancing efficiency and equity in the wage reform. Efficiency means wage increase and equity refers to equal distribution of wages among different segments of society. Due to contradictions between efficiency and equity, each country cannot achieve both at one time. The study shows that the shift from equity to efficiency in China’s wage policy increases workers’ wages but also widens wage inequality. Thus, each government has to make tradeoffs between efficiency and equity according to the relatively importance of the two in
Skilled workers in poor countries earn wages a fraction of that of their counterparts in rich nat... more Skilled workers in poor countries earn wages a fraction of that of their counterparts in rich nations. Here, we estimate the opportunities for wage arbitrage from emigration of workers from the Pacific Islands into Australia and New Zealand. Our calculations, based on wages earned by graduate accountants, computer science graduates and cooks with Certificate III qualifications, reveal wage premiums of a factor of up to 10 from emigration. Likewise, the cost of training to Australian standards within the Pacific Islands is as little as a third of that in Australia meaning that the total factor of economic arbitrage is 30.
Are there early warnings of an impending financial crisis in China? Our analysis using the Kamins... more Are there early warnings of an impending financial crisis in China? Our analysis using the Kaminsky–Lizondo–Reinhart (KLR) signal approach reveals that the probability of China having a currency crisis in the 24 months to October 2017 could be increased assuming no remedial action by the authorities to avert an impending crisis. Notwithstanding the above, our analysis shows that nine out of 15 economic indicators are effective in predicting a currency crisis. Loss function of policymakers and evaluation of usefulness are then employed to verify their validity. The results show that bank deposits and M2/international reserves are the most powerful indicators.
Fijian Studies: A Journal of Contemporary Fiji, 2006
The author comments on and analyzes the article 'WTO DOHA Round: An Opportunity or a Mirage f... more The author comments on and analyzes the article 'WTO DOHA Round: An Opportunity or a Mirage for Fiji?' by Professor Biman Prasad Chand. His opinion is that Fiji is in a highly privileged position of being the natural hub for the island Pacific; and what Fiji reaps from the WTO and Doha Development Round is more in its own hands rather than with the hand dealt out by her trading partners.
Fijian Studies: A Journal of Contemporary Fiji, 2006
The author comments and analyzes the article 'Regionalism: An Opportunity or an Imposition on... more The author comments and analyzes the article 'Regionalism: An Opportunity or an Imposition on Fiji?' by Jane Kelsey. Some controversies and questions posed by the article are answered; and the author's view on Fiji's role in regional integration as being a positive one, is highlighted.
This study reviews the history of China’s wage policy and analyzes the importance of balancing ef... more This study reviews the history of China’s wage policy and analyzes the importance of balancing efficiency and equity in the wage reform. Efficiency means wage increase and equity refers to equal distribution of wages among different segments of society. Due to contradictions between efficiency and equity, each country cannot achieve both at one time. The study shows that the shift from equity to efficiency in China’s wage policy increases workers’ wages but also widens wage inequality. Thus, each government has to make tradeoffs between efficiency and equity according to the relatively importance of the two in
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Papers by Satish Chand