...------------------------------------------------- THE CHANGING BUSINESS ENVIRONMENT - LB5228 ASSIGNMENT TASK 2 KARTHIK NAMANI 12806313 KARTHIK NAMANI 12806313 An essay On: The rise of South East Asia and the effect of China Submitted to: Professor Chris Leggett An essay On: The rise of South East Asia and the effect of China Submitted to: Professor Chris Leggett The rise of South-east Asia and the effect of China Contents I, Introduction II, Body 1. Literature review: 2. South-east Asia Economic potentials 3. South-east Asia recent Economic performance 4. The likelihood to become significant players in the global economy Prospects and assessments 5. Implication on global economic III, Conclusion I, Introduction Asia is the most dynamic region in the world economy at present. The development of Asia is twice the rate when compared to the other regions. The policy orientation, which stresses free movement of capital, goods and services across the national boundaries are the reasons for the growth which is possible now. The economic efficiency and transfer of technology which foster shifts in productions and comparative advantages are the results of the enhancement. (Chong) Because of the Global Financial Crisis, Southeast Asia has been the Gold rush modern- day as international companies clamor to get a piece of the action. As the major part of the young population of 600million and the increasing middle class people are the few...
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...Name: Dang Tran Bich Ngoc Student ID: BB110407 Assignment 1: Case Studies: Case studies in east and Southeast Asia in comparative perspective to show the similarities and differences of the development experiences in the region. I. Introduction: This paper reviews the pattern and trends of the development in East and Southeast Asia to recognize the similarities and differences in the region. It offers an extensive view of the Southeast Asian economic miracles in comparative East Asian perspective by comparing and contrasting the Southeast Asian experiences with those of the other high performing East Asian economies, as the World Bank (1993) chose to describe them. The following discussion will focus on the development experiences of Southeast Asia that have been considered high-growth economies, as well as East Asia countries. The Southeast Asia economies have been rather successful in applying public policies to realize their chosen developmental objectives, from the viewpoint of better advancing the course of human development, will be identified. II. East and Southeast Asia (ESA) economies • Human Development (HD): As well as being substantially different in the starting level of human development achieved, and although all have made substantial progress over the two decades, these economies show marked differences in the pace of this progress. Being already high-achieving, Japan recorded a modest rate growth of 0.26%, Singapore 0.61% and South...
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...1400-1900, the region of East Asia underwent some dramatic changes economically and socially, while remaining mainly the same from a political aspect. From 1400-1900, the region of East Asia saw in a increase in imports from Western nations while experiencing an increase in industrialization. Also during this span of time, the region saw an end to strict and oppressive social hierarchies. Although the region experienced such changes, it remained characterized by strong central governments battling internal rebellions and external threats and maintained its strong roots of the early religion/ideology of Confucianism. ! From 1400-1900, East Asia experienced an increase in imports from Western nations while undergoing the process of industrialization. In Japan, the annual average of silk production increased by approximately 6000 tons between 1868-1899. Coal, used for industrial steamships and railroads, production increased from .6 million metric tons in 1875 to 5 metric tons by 1895(http://en.wikipedia.org/wiki/Meiji_Restoration). We see such increases in industrialization because the Japanese elite initiated economic reforms under the Meiji Restoration in order to industrialize Japan in hopes of catching up to more dominant Western countries that were dominating the world politically and economically. During this period we also see an increase in East Asian trade with Western nations. In China, we see an increase in opium imports from Britain. This change occurs because China was...
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...The black hole of South-East Asia: strategic decision making in an informational void George T. Haley Senior Lecturer, Faculty of Business, Queensland University of Technology, Brisbane, Australia Chin-Tiong Tan Associate Professor, Faculty of Business Administration, National University of Singapore, Singapore Proposes that most managers and researchers acknowledge that emerging and newly industrialized markets do not have the same quantity of secondary data as the longindustrialized economies of North America and Western Europe. Presents the results of a search of available, business-related, secondary data on South-East Asia’s rapidly growing economies; highlights how this dearth of data has resulted in an informational void that affects the practice of strategic management in the region. Also delineates how regional managers cope with and adapt to the informational void, and to the region’s fastchanging business, cultural and competitive environments, by developing their unique, highly-intuitive style of strategic management. Finally provides some suggestions to bridge this informational void for management practice and for future research. The authors thank the Guest Editor, Dr Usha C.V. Haley, two anonymous reviewers, and Comet, for their excellent comments and suggestions. Management Decision 34/9 [1996] 37–48 © MCB University Press [ISSN 0025-1747] An old adage posits that the quality of one’s decisions depends on the quality of one’s information. The more...
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...WWII in East and Southeast Asia Since the beginning of civilization, humanity has always been at war. WWII, one of the most devastating wars in history, left an impact on nearly every region of the Earth. The regions of East and Southeast Asia were left devastated with poor economies, war, and pollution. These effects have caused multiple issues post WWII, some still unresolved today. Both areas have faced many trials, but people never mention them. The first changes to occur mainly took place in Southeast Asia. Due to the defeat of the Japanese Empire, these countries became independent, unless their former owner annexed them again. As a consequence of the war and a large amount of debt, the UK, France, the Netherlands, and Germany failed to fund for many of their colonies. This allowed the independence of Indonesia, Malaysia, and the Philippines, but most importantly, Korea and Vietnam. Though some amount of confusion took place in most of these countries, the most notable ones include Vietnam and Korea. The...
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... the Asia-Pacific region will experience the worst effect on rice and wheat yields worldwide, and decreased yields could threaten the food security of 1.6 billion people in South Asia. B. The crop model indicates that in South Asia, average yields in 2050 for crops will decline from 2000 levels by about 50 percent for wheat, 17 percent for rice, and about 6 percent for maize because of climate change. C. In East Asia and the Pacific, yields in 2050 for crops will decline from 2000 levels by up to 20 percent for rice, 13 percent for soybean, 16 percent for wheat, and 4 percent for maize because of climate change. D. With climate change, average calorie availability in Asia in 2050 is expected to be about 15 percent lower and cereal consumption is projected to decline by as much as 24 percent compared to a no climate change scenario. E. In a no-climate change scenario, the number of malnourished children in South Asia would fall from 76 to 52 million between 2000 and 2050, and from 24 to 10 million in East Asia and the Pacific. Climate change will erase some of this progress, causing the number of malnourished children in 2050 to rise to 59 million in South Asia and to 14 million in East Asia and the Pacific, increasing the total number of malnourished children in Asia by about 11 million. F. To counteract the effects of climate change on nutrition, South Asia requires additional annual investments of 1.5 billion USD in rural development, and East Asia and the...
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...future of our economy which is driven by the expansive growth that is rolling through Asia. I was also intrigued into the steps needed to fully adopt a risk management system in an entity. It should be noted that the focus of this paper is on the developing region of South-East Asia and less on the more developed parts of Asia including China and Korea. Matthew Dichiera 11167674 Contents 1 – Introduction 2 – 1997 Asian Financial Crisis and effect on vision of risk management 3 – Overview of risks faced by banks in the developing Asian region 4 – Importance of Enterprise risk management (ERM) 5 – Strategies of implementing ERM and the challenges associated. 6 – Conclusion 7 – References Introduction The Asian economy is a vehicle of highly expansive growth and even higher volatility, it is an area of the economic world which must be treated with much anticipation and be viewed with excitement but also must be monitored and watched extremely carefully as was shown by the infamous Asian financial crisis of 1997. Opportunities for growth are high, which is shown by the high average growth rates of most countries in the area and future prospects for this area are also extremely bright. However, on the other side of the coin this high growth is matched with equally high volatility in financial markets as these markets are currently being faced with extreme structural changes with respect to privatisation, consolidation and regulation. Risk...
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...MICROECONOMICS II ASSIGNMENT The Look East Policy (LEP) was a recreation and correction of India’s Foreign Trade Policy. The main purpose was to revive both political ties and to build up economic linkages with South East Asia. LEP focuses on re-establishing better political security and economic co-operation. The first phase was based on ASEAN and it focused initially and mainly on trade and investment linkages. The second phase was based on expanding the definition of east, extending from Australia to china and East Asia with ASEAN as its core. The conference was graced by Sri Nitin Gadkare, honorable Minister for Road Transport and Highway, as Chief Guest. The four main objectives of the conference were: To study the policy as direction for India’s growth. To study the brunt of the policy with the changing geo political scenario worldwide. To examine the potential of the policy as a vector for economic growth and development of these regions. To bring the countries of south East Asia and Asia closer. There were 5 tracks explaining the route map for LEP. We will concentrate mainly on track 1 which was based on India’s trade and investment in South East and East Asia. The change in focus of Indian foreign policy from concentrating on the west towards east finds its source in the LEP. It also aims at redesigning the present economic architecture which will be marketed by regional trading blocs. India’s engagement with ASEAN and East Asian countries establishes its acceptance...
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...RETHINKING THE EAST ASIAN MIRACLE JOSEPH E. STIGLITZ AND SHAHID YUSUF Editors RETHINKING THE EAST ASIA MIRACLE JOSEPH E. STIGLITZ AND SHAHID YUSUF Editors A copublication of the World Bank and Oxford University Press i Oxford University Press Oxford • New York • Athens • Auckland • Bangkok • Bogotá • Buenos Aires • Calcutta • Cape Town • Chennai • Dar es Salaam • Delhi • Florence • Hong Kong • Istanbul • Karachi • Kuala Lumpur • Madrid • Melbourne • Mexico City • Mumbai • Nairobi • Paris • São Paulo • Singapore • Taipei • Tokyo • Toronto • Warsaw and associated companies in Berlin • Ibadan © 2001 The International Bank for Reconstruction and Development / The World Bank 1818 H Street, N.W., Washington, D.C. 20433, USA Published by Oxford University Press, Inc. 198 Madison Avenue, New York, N.Y. 10016 Oxford is a registered trademark of Oxford University Press. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Cover design and interior design by Naylor Design, Washington, D.C. Manufactured in the United States of America First printing June 2001 1 2 3 4 04 03 02 01 The findings, interpretations, and conclusions expressed in this study are entirely those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations...
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...Professionals in Business 2015 Global Salary Survey 2015 Global Salary Survey About IMA® IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 80,000 members in 140 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/Africa. For more information about IMA, please visit www.imanet.org. © March 2016 Institute of Management Accountants 10 Paragon Drive, Suite 1 Montvale, NJ, 07645 www.imanet.org/thought_leadership 2015 Global Salary Survey 2 www.imanet.org/salary_survey 2015 Global Salary Survey About the Author Kip Krumwiede, CMA, CPA, Ph.D., is the director of research for IMA. Kip received his Master of Accounting degree from Brigham Young University and his Ph.D. from the University of Tennessee. Prior to joining IMA, Kip spent 18 years as a management accounting professor at Brigham Young University, Boise State University, and University of Richmond. He has also worked for two Fortune 500 companies in...
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...attractiveness of Asia, and the reason why Giordano choose Asia as its main market. From the analysis of Asian environment, sizeable population, increasing consumption on cloth, pursuing for fashion and globalization of world are all factors that make Asia attractive. Giordano’s FDI-related projects and the FDI modes are exhibited in this report, which can describe a whole picture of this company’s development. In addition, based on the analysis of FDI activities, Giordano’s FDI activities have many impacts on host economies, like job creation in Indonesia. This report draws on sales data of main Asian markets and subordinate brands to analyse the trend of investment of Giordano. Korea is the most important and second market except Mainland China;The Middle East grows quickly during last decades; Singapore is a stable and profitable market. Malaysia and Indonesia are potential markets, and from a long term perspective Giordano will focus on the development of these countries. Asia is the basic market of Giordano, which conducts over 95% foreign investment there. This report applies SWOT analysis to illustrate the strengths, weaknesses, opportunities and threats, and also uses PEST analysis to explain the external factors-political, economic, social and technological, which influence the investment direction in the future. Country screening process identifies company-specific criteria, which enable them to rank countries. Giordano mainly selects countries in Asia and compares...
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...The East Asia’ Regional Economic Integration Tutor: Griffith, Edward Student ID: 20647046 Student Name: Hong Xu (Eric) Word Count: 2369 Date of Submission: 18/1/2016 The East Asia’ Regional Economic Integration In the past twenty years, the East Asian economies realized the freedom of foreign trade and direct investment (FDI) because of the influence of GATT/WTO and APEC and as a result, it further promotes the economic growth of East Asia. The mutual economic dependence of each countries has increased a lot and therefore, close economic cooperation among Asian countries is necessary for healthy economic development. Many countries try to deepen their cooperation by establishing agreement and carrying out negotiation or discussion (Kawai 2004). Besides, the East Asian countries want to have their own institutions where they have vital voice in decision making after the financial crisis. As a consequence, the regional economic integration become an inevitable trend. The structure of this essay is organized as follows. The first part of this essay will discuss the driving forces of...
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...What was the role of internal resistance in East Timor’s independence from Indonesia in October 1999? East Timor’s much-deserved independence from Indonesia was a multidimensional achievement, with a wide range of economic and political implications. Internal resistance was certainly not the sole contributing factor – there was great interplay between numerous forces, such as the actions of Indonesian armed forces and paramilitary affiliates, Jakarta’s evolving political environment, and pressures from governments abroad, which led to the nation’s independence. However, internal resistance as a part of the independence struggle was particularly unique in East Timor as it manifested in two forms – violent resistance and non-violent resistance – each creating impacts of varying magnitudes. I chose the role of internal resistance as the focus of my research due to the intriguing nature of this very distinction. This essay will attempt to demonstrate that internal resistance of both forms worked to strengthen nationalism and unity among the East Timorese, and garnered crucial international support that was necessary for East Timor’s independence. Historically, a nation’s first response to an invasion is armed resistance, whether it is sanctioned by the government, or carried out by guerilla forces. Such was also the case in East Timor, where The Revolutionary Front for an Independent East Timor (Fretilin) became the face of East Timorese armed resistance upon Indonesia’s invasion...
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...International Political Science 8 October, 2013 World Bank: The East Asian Miracle The East Asian Miracle is described as a historic series of events and policies that led to the economic growth of twenty-three East-Asian economies from the 1960s to the 1990s. Each economy was impacted differently thus the most important due to the degree of change would be: Japan, Hong Kong, Taiwan, Korea, Singapore, Indonesia, China, Malaysia and Thailand. A combination of many policies and government turned these developing nations into industrial leaders of the world. These changes didn’t occur without government stimulation and policy changes, some of which were directed towards market and some towards state. Each policy had to be tailored to a country’s specific dilemma, many of these countries suffered from different problems and had to be addressed as such. Eventually, each of these led to many outcomes which together became the rapid growth of the Eastern Asian economies such as: increase of real income per capita, balancing the margin between income inequalities, human welfare, and more. Government intervention and actions are usually a good thing depending on what the desired outcome is, but too much of it can be detrimental to the welfare of the economy. A balanced amount of stimulation was needed in order to get the economy going, such as limited government spending to limit deficits. A statement from the book that directly relates to the focus of these reforms is “The eight...
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...there is a big change on human population, culture and lifestyle within these years. Based on the view of Stephen Oppenheimer in the ‘journey of mankind’, we know that the modern human who recognizes as Homosapien, live in Africa over 160000 years ago. The archeological evidence has showed that our mtDNA and Ychromosome ancestors are found in East Africa.[1] From 160000 to 135000 years, there were four groups of traveller who known as hunter-gatherer carried the first generation of mtDNA gene types ‘L1’by started their routes from south to the Cape of Good Hope, south-west to Congo Basin and west to Ivory Coast.[2] There was a creature could adapt well with the environmental changes is prehistoric man. They lived in the grasslands of Africa, the tropical rainforest of South-East Asia and the more temperate areas of southern Europe. The changing in climate, amount of free water and rainfall had affected the amount of lands that used by prehistoric man for feeding the herds and growing the plants. Climatic changes had lead to the evolution of prehistoric man himself such as development of stone tools, site organization, the building of shelter and the use of clothing. From 135000 to 115000 years, a group traveller across a green Sahara via the open of northern gate, up the Nile to the Levant.[3] According to The 1st Exit written by Stephen Oppenheimer, humans had moved out from Africa in the end. The timing and routes were determined by the climate change. There were a two...
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