...AFX 5860 Assignment International Studies in Banking & Finance Visit 1: UN Food and Agricultural Organization [pic] Place: Rome Italy Brief Introduction: The Food and Agriculture Organizaiton of the United Nations (FAO) is a special agency of the United Nations that leads international efforts to defeat hunger. FAO acts as a forum where all nations meet equally to negotiate agreements and debate policy, it also a source of knowledge and information which help developed and developing countries in transition modernize and improve agriculture, forestry and fisheries practices and ensure good nutrition for all (FAO, 2010). Rome Italy is head quarters. It has 191 member states as well as Europe Union and the Faroe Islands, which are associated members (FAO, 2010). FAO is composed of 8 different departments, the meeting is conducted by finance division. Relevant Key Points & Issues The fist half of the presentation briefly introduced the FAO’s role as UN’s agency, its structure, business environment and management. FAO’s mandate is contribute to the growth of world economy and to increase the level of nutrition, with the mission of helping build a food secure world. In order to achieve such mandates, they involves 4 activities which are putting information within reach, sharing policy expertise, providing a meeting place for nations and bringing knowledge to the field. It used result- based management which is an approach that integrates strategy, people,...
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...Carlo Panico and Francesco Purificato POLITICAL ECONOMY RESEARCH INSTITUTE The Debt Crisis and the European Central Bank’s Role of Lender of Last Resort Gordon Hall 418 North Pleasant Street Amherst, MA 01002 January 2013 Phone: 413.545.6355 Fax: 413.577.0261 peri@econs.umass.edu www.peri.umass.edu WORKINGPAPER SERIES Number 306 The debt crisis and the European Central Bank’s role of lender of last resort by Carlo Panico and Francesco Purificato 1. The debate on the role of the central bank in the European debt crisis reveals the increasing difficulty of the authorities to apply sensible solutions. De Grauwe and Ji express this opinion by noticing that unfounded fears ‘have been widely advertised in Germany and have contributed to creating a view in that country that the German taxpayer is likely to become the victim of a money machine that rewards the profligacy of Southern European countries’ (De Grauwe and Ji, 2012, p. 1). These fears ‘have become powerful political forces that make it difficult for the governments to find rational solutions to the euro crisis’ (De Grauwe and Ji, 2012, p. 13). In order to appraise this opinion we discuss how the European Central Bank (ECB) and the Eurosystem have been intervening in favour of the Government sector. We start by noticing that central banks can play the role of lenders of last resort in favour of the banking and of the Government sector and that “moral hazard” problems emerge in both cases. Yet, they have only been mentioned...
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...centuries in their attempts to achieve some minimal form of co-existence, but which has gradually evolved to include many non-state actors and different levels of activity – diplomatic, economic and cultural, as well as that of military competition. By the end of the course you should be able to have an informed discussion about: the historical origins of the present system; what is distinctive about international politics as opposed to politics inside the state; and the main challenges which confront humanity in the twenty-first century. You will also acquire a basic familiarity with the main theories needed to think analytically - and critically - about the idea of international society and the behaviour of the actors which constitute it. Brief Description of the Paper The subject of International Relations (usually given capital letters, as opposed to international relations as events) has a huge range. Some see it as covering everything that has happened on the globe during recorded history,...
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...| | |Assumptions | | | |Please note that a number of assumptions have been made in response to this assignment. These include the size of the Belcher | |Rollins business and its operations, its international locations, its listings on international stock markets and its | |financial reporting process. Assumptions have also been made about the product development process and pricing. All of these| |are as realistic as possible, having been established through detailed research of the current market leader, Reed Elsevier, | |and its major competitors. | | | |As InScope is directly comparable to the Reed Elsevier ‘Scopus’ product, it has also been assumed that Scopus does not exist | |at time of the InScope launch. | INSCOPE: A NEW GENERATION OF RESEARCH PR PLAN...
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...APPENDIX 1 INTERGOVERNMENTAL RELATIONS IN FEDERAL SYSTEMS INTERGOVERNMENTAL RELATIONS IN FEDERAL SYSTEMS 1 Introduction 1 2 FEDERAL SYSTEMS 3 3 WHAT ARE INTERGOVERNMENTAL RELATIONS? 4 4 AUSTRALIA’S FEDERATION – HOW IS IT OPERATING? 5 5 INTERNATIONAL COMPARISONS 8 6 INTERNATIONAL FEDERAL SYSTEMS: A BRIEF OVERVIEW 9 7 7.1 7.2 7.3 7.4 7.5 PRINCIPLES OF INTERGOVERNMENTAL RELATIONS EFFECTIVENESS TRANSPARENCY ACCOUNTABILITY EFFICIENCY INDEPENDENCE 11 11 33 34 37 40 8 8.1 8.2 8.3 8.4 8.5 INTERGOVERNMENTAL FISCAL ARRANGEMENTS REVENUE RAISING SPENDING FISCAL EQUALISATION MONITORING POLICY 43 43 51 55 56 57 9 CONCLUSION 59 INTERGOVERNMENTAL RELATIONS IN FEDERAL SYSTEMS INTRODUCTION 1| INTRODUCTION Australia, like many other systems of government around the world, is a federal system. Federations, while divided into different levels of government inevitably have a degree of interdependency between governments. Inescapably there arises a degree of conflict or ineffective governance. For example, disputes may arise between different governments on the basis of service provision or infrastructure, constitutional jurisdiction, fiscal arrangements (e.g. vertical fiscal imbalance or spending powers) or environmental or social issues. Most federations have developed a system of intergovernmental consultation and ...
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...begin? In small places, close to home - so close and so small that they cannot be seen on any maps of the world. Yet they are the world of the individual person; the neighborhood he lives in; the school or college he attends; the factory, farm, or office where he works. Such are the places where every man, woman, and child seeks equal justice, equal opportunity, equal dignity without discrimination. Unless these rights have meaning there, they have little meaning anywhere. Without concerted citizen action to uphold them close to home, we shall look in vain for progress in the larger world.” -Eleanor Roosevelt Introduction Millions have suffered crimes against humanity. Millions are left poor, without any of the basic needs to survive. Millions more suffer in forced labor. Other millions are discriminated on because of their race, gender, and nationality. When do these millions become less, or none for that matter? When will crimes against humanity stop? When will one’s race not matter? “The idea of human rights has a long history, but only in the past century has the international community sought to galvanize a regime to promote and guard them” (Council on Foreign Relations, 2013, 1). Particularly, since the United Nations was created in 1945, the world community has cooperated to codify human rights in a universally recognized regime of treaties, institutions, and norms. Although the concept of human rights is theoretical...
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...THE NEW ITALIAN PATENT BOX: FIRST EVALUATION AND COMPATIBILITY ISSUES WITH THE OECD INDICATIONS Author: Luca Marco Pappalardo Summary: 1. The new Italian Patent Box: a brief overview. - 2. Eligible assets. - 3. Eligibility requirements and determination of the relevant income: the nexus approach. - 3.1 Nexus approach and trademarks: what went wrong? - 3.2 Looking at the issue from a comparative perspective - 4. - Conclusions. 1. The 2015 Italian Stability Law, Article 1, subsections from 37 to 45, introduces an optional taxation regime for income produced by intangible assets, known as ‘Patent Box’. The regime has been subsequently modified by Article 5 of the Law Decree n. 3 of 24 January 2015. The regime allows taxpayers to exclude from their tax base a percentage of the income derived from certain intangible assets. According to the Stability Law, individual and collective entrepreneurs as well may choose to benefit from this regime, including foreign entrepreneurs having a permanent establishment in Italy and being resident in a state that has both a double tax agreement with Italy and undertakes an effective exchange of information. The election of the regime cannot be revoked and lasts for five fiscal years. The income that benefits from the exemption may originate from: 1) direct use of the intangible assets by the taxpayer; 2) allowance of use of the intangible assets given by the taxpayer to third parties; 3) transfer of ownership of the relevant assets...
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...1 CARIBBEAN EXAMINATIONS COUNCIL REPORT ON CANDIDATES’ WORK IN THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATION MAY/JUNE 2007 HISTORY Copyright © 2007 Caribbean Examinations Council ® St Michael Barbados All rights reserved 2 HISTORY CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS MAY/JUNE 2007 GENERAL COMMENTS The format of the Examination in CAPE History is similar for both Unit 1 and Unit 2. Paper 01 in each unit consisted of nine short-answer questions, three on each Module. The questions were intended to assess the range of content covered by the syllabus, and questions were set on each theme. Candidates were expected to answer all nine questions. This paper was worth 30 per cent of the candidates’ overall grade. Paper 02, on the other hand, emphasized depth of coverage. Three questions were set on each Module, one of which required candidates to analyse extracts from a set of documents related to one of the themes in the Module. The other two questions were extended essays. Both the document analysis and the essay questions required well-developed and clearly reasoned responses. Candidates were required to choose three questions, one from each Module. They were required to respond to one document analysis and two essay questions. This paper contributed 50 per cent to the candidates’ overall grade. Paper 03, was the internal assessment component. Candidates were required to complete a research paper on a topic of their choice from within the syllabus. This paper contributed...
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...Reflections on The Cultural Value of Film Statistics can be used to show that Britain’s film industry is now the third biggest in the world and a prime destination for inward investment. This success story was heralded by James Purnell, new Minister for the Creative Industries, in a speech to the Institute of Public Policy Research in June this year.[1] But what is the relation of this economic success to the vibrancy and breadth of our film culture? A further look at the statistics provided by the UK Film Council for 2004 shows that last year domestic production fell from 44 films to 27, where domestic is taken to be films made by a UK production company shot wholly or partly in the UK. In 1997, the year when the government set up the Department of Culture, Media and Sport, UK production had been at a record high, and 84 domestic productions were registered. In terms of what UK audiences could see in 2004, beyond American features and American co-productions, the rest of the world share of the market in UK and Ireland was just 2.7%, a figure which betrays the failure of film policy to encourage interest and understanding in the stories of what goes on beyond our shores. Last year also saw the consolidation of companies operating in the exhibition sector and a series of momentous deals which changed the landscape of UK exhibition. In August 2004, Terra Firma acquired both the Odeon and UCI cinema circuits for a total of 580 million pounds, acquiring a 35% share of...
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...is a joint programme of the University of Liverpool and Liverpool John Moores University Commissioned by Liverpool City Council Impacts 08 – Langen & Garcia | Measuring Impacts of Cultural Events | May 2009 Table of Contents 1. Summary ........................................................................................................................................................ 3 2. Introduction: measuring the impacts of large scale cultural events ................................................................ 3 3. Major cultural festivals and events ................................................................................................................. 3 4. Cultural mega events ..................................................................................................................................... 5 5. European Capitals of Culture ......................................................................................................................... 7 6. Discussion ...................................................................................................................................................... 9 7. Bibliography ..................................................................................................................................................10 Impacts 08 - The Liverpool Model, European Capital of Culture Research Programme www.impacts08.net Impacts 08 – Langen & Garcia | Measuring Impacts of...
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...Introduction Credit rating agencies play a key role in todays and the last century’s financial life. Their function is to analyze and then publish country’s and firm’s or basically any financial entity’s/product’s creditworthiness. However, their defining impact on today’s economics is goes way beyond their definition. The Three Big, Moody’s, S&P and Fitch are in possession of 95% market share, that means the competition is negligible. The lack of competition multiplies their individual effect on the markets and raises the question of whether they work with the moral standards today’s stakeholders are expecting from them. (The Role Played by Credit Rating Agencies in the Financial Crisis, Asian Development Bank Institute, 2012) Major investors and creditors are knowingly deciding about their financial moves based on a very narrow and far from comprehensive information. The three bigs ratings are certainly part of these data and they do have major consequences on whether a company will invest in a certain country or on what terms will a bank lend capital to a given enterprise. If we go even further, we can see that credit ratings will have impact on a country’s fiscal and monetary policies, industries’ success or in many case failure, and through that, on people’s everyday life and economic well-being. Now that the concept of ratings are not so abstract, let’s take a look at how they relate to the financial crises. The 2007 credit crisis were caused by the overvaluation...
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...result of structural adjustment and privatization had a detrimental effect on union membership. Second, legal reforms introduced in some countries prohibited compulsory unionisation (closed shops) and encouraged individual contracts. Third, the increase in international competition as a result of globalization undermined the bargaining power of trade unions and strengthened the hand of management. Finally, the growth of non-standard forms of employment, for example part-time or fixed-term contracts put a brake on union Trade union membership has declined in many countries. Collective bargaining is a key means for improving wages and conditions of work and for regulating employment relations. Integration into global markets has intensified competition. In response, enterprises sought to be more flexible by introducing new forms of work organization and changing their employment practices. These changes present important challenges for collective bargaining. Collective bargaining practices and structures needed to adapt to remain responsive. This paper examines some broad trends and issues in specific regions. Susan Hayter is Senior Dialogue Specialist, ILO, Geneva. E mail: hayter@ilo.org 596 The Indian Journal of Industrial Relations, Vol. 45, No. 4, April 2010 International Comparative Trends in Collective Bargaining recruitment of these...
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...Safety & Loss Management Program Faculty of Engineering University of Alberta Edmonton, Alberta, Canada T6G 2G6 Prepared For: The Research Committee of the Canadian Council of Professional Engineers October 2006 SUMMARY The purpose of this paper is to “seed” the discussion by the Research Committee of the Canadian Council of Professional Engineers (CCPE) on the topic of risk management. The paper is in part a research paper and in its entirety a position paper. As can be inferred from the title, the authors hold the firm opinion that risk management is an area of knowledge with which all engineers should have familiarity and a level of competence according to their scope of practice. The paper first makes the distinction between hazard and risk. The two terms are often used interchangeably when in fact they are quite different. A hazard is a chemical or physical condition that has the potential to cause harm or damage to people, environment, assets or production. Risk, on the other hand, is the possibility or chance of harm arising from a hazard; risk is a function of probability and severity of consequences. A description of the process of risk management is then given. A generic framework for risk management is presented to illustrate the essential activities of hazard identification and the analysis, assessment and management of risks. Key activities in this framework are the decisions that must be made on risk acceptability – whether to continue with an activity...
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...bs_bs_banner European Law Journal, Vol. 19, No. 6, November 2013, pp. 759–778. © 2013 John Wiley & Sons Ltd., 9600 Garsington Road, Oxford, OX4 2DQ, UK and 350 Main Street, Malden, MA 02148, USA ACTA and the Enforcement of Copyright in Cyberspace: the Impact on Privacy Iryna Ievdokymova* Abstract: As the reach of the Internet expands, governments increasingly seek to introduce initiatives aimed at controlling individuals’ online activity. One such initiative, aimed, inter alia, at introducing enhanced online copyright enforcement standards, is the Anti-Counterfeiting Trade Agreement (ACTA). The paper analyses a possible effect of Art. 27(3) of the agreement on the data protection and privacy rights, as spelled out in the EU legal order. Firstly, the EU legal framework on Internet surveillance for copyright enforcement will be addressed. Next, the principles and safeguards applicable to data processing in the context of communications surveillance will be illustrated with reference to the jurisprudence of the European Court of Human Rights. It will be argued that ACTA, if interpreted broadly and implemented without safeguards, would provide an incentive for graduated response systems, which, as it will be shown on the example of the French graduated response, may trump privacy rights on a massive scale. I Introduction Could cyberspace be considered a zone of liberty, for the most part unrestrained by government regulation and intrusion into individual rights...
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...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE analysis Political...
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