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This paper tests the significance of FDI as a way to alleviate credit constraints. Incoming foreign investment provides additional sources of capital. Specifically in the Chinese case, enterprises may look for foreign investors, being constrained in their activity due to distortions in the state-dominated system. First, the Chinese financial system allocates resources to the least efficient firms – state-owned enterprises – while denying the same resources to Chinese private enterprises, forcing them to look for a foreign investor. Second, the inefficient system of state investment planning leads to mismanagement of public enterprises, increasing ‘insolvency-induced FDI’. We propose to analyse determinants of FDI in Chinese provinces to test the above hypotheses. We control for traditional determinants of FDI such as market access, labour costs, productivity, infrastructure, reform advances and banking sector size in order to assess the impact of inter-provincial heterogeneity in terms of the access that private enterprises have to credit and the distortive management in state-owned firms. [ABSTRACT FROM AUTHOR]

The article reflects on the issue on plant science in Korea. It reveals that the theory on country's scientific focus was not transparent to the people involved in the research. It presents an analysis with the participation of top ten countries including Northern America, Europe, Japan, and Australia. It succumbs that the countries in Asia are smaller than those mentioned above with respect to research publication other than Japan. It explains that Korea and China have increased the number of papers being published annually which out put is equaled with Brazil.