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CityU raised its standing among local tertiary institutions in this year ' s Competitive Earmarked Research Grants (CERG) applications, increasing its funding to HK$56.8 million, a 4.4% increase over last year ' s results of HK$54.4 million.
It is a common misrepresentation that globalization means international markets will converge to form common paradigms and practices, said Professor Anthony Cheung of City University's Department of Public and Social Administration. Countries are more likely to re-interpret global models of economics to reflect trends and beliefs embedded within an individual society, he believes.