...Answer 1. If my International firm is doing being business Asia then I would follow their social trends as well as will respect their culture. I will try to follow the same cultural trends and will try to keep that in mind while doing business with these Asian countries. As Asia dose not consist of only one kind of nation. Asia is the biggest continent in the world and it has lot of different countries with different cultures and religions. All the Asian countries have the biggest problem like corruption. Countries Like India, China, Japan has the highest level of corruption in their system. As different cultures has different problem like in United States you have an option of working from home if you had some urgent issues to attend at home. I will try to implement the same option for the people so that they feel comfortable and be more efficient. Also like few companies like Deloitte Company in United States provides day care and day support for elderly people and cleaning services for their employee. They don’t want their employees to get home burnout out from work and then indulge themselves in more tedious activities. This will effect in the performance of their employees when they comeback next day to work. I will try to implement something similar to that for the employees in Asia too. Will try to understand their cultural barriers like giving them time off. Arranging consular’s for them if they are facing any kind of issues related to work or personal issues. ...
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...arose from the lack of foreign investors during the Aquino administration. Because of the Coup attempts, foreign investors felt it was risky for them to invest in the Philippines, thus, economy wasn’t booming. (Aquino Administration) During the Ramos administration however, the Philippines took pleasure from economic growth and stability. Though the Asian Financial Crisis of 1997 struck, the Philippines wasn’t as badly affected as other Asian Nations. During this crisis, the Philippine Peso devaluated and dropped because of a fiscal deficit. The people of the Phlippines needed to be empowered to think economically for the betterment of the economy. Also, prior to Ramos’ policies and laws, the Philippines was experiencing frequent brownouts lasting up to twelve hours due to old and ancient power plants Society Peace was made with the Mindanao Hostiles. Ramos became instrumental in securing the peace agreement with the Muslims. A strong campaign for nationalism in preparation for the centennial anniversary of the Philippines was present. PRIMARY PROBLEMS Asian Financial Crisis In 1997, the Philippine economy plunged because of the Asian Financial Crisis. The annual growth rate of the Gross National Product fell in 1998 as compared to 1997. Power Crisis The Philippines was experiencing widespread and frequent brownouts because of the huge demand for electricity and the old and depreciated power plants. LAWS AND PROGRAMS Republic Act 7638 (Charter of the Department of...
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...politics, corruption undermines democracy and good governance by flouting or even subverting formal processes. Corruption in elections and in the legislature reduces accountability and distorts representation in policymaking; corruption in the judiciary compromises the rule of law; and corruption in public administration results in the inefficient provision of services. It violates a basic principle of republicanism regarding the centrality of civic virtue. More generally, corruption erodes the institutional capacity of government if procedures are disregarded, resources are siphoned off, and public offices are bought and sold. Corruption undermines the legitimacy of government and such democratic values as trust and tolerance. Recent evidence suggests that variation in the levels of corruption amongst high-income democracies can vary significantly depending on the level of accountability of decision-makers.[3] Economic effects[edit] See also: Corporate crime In the private sector, corruption increases the cost of business through the price of illicit payments themselves, the management cost of negotiating with officials and the risk of breached agreements or detection. Although some claim corruption reduces costs by cutting bureaucracy, the availability of bribes can also induce officials to contrive new rules and delays. Openly removing costly and lengthy regulations are better than covertly allowing them to be bypassed by using bribes. Where corruption inflates the...
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...G Question 2 a) How was Poland able to avoid the worst effects of the economic crisis that gripped most of Europe during 2008-2009? Answer: There are three points that Poland able to avoid the worst effects of the economic crisis that gripped most of Europe during 2009-2009. Firstly, Poland has a stable economic policy. Poland government keeps the public debt in check and they don’t allow it to expand during the recession. Because of the main sources of economic crisis come from debt, stable economic policy can maintain the basic economic activity as Poland government does not need to pay a huge of debt. Polish debt-GDP ratio is about 23% in 2007 only. It’s lower than other countries. (Reference1) Secondly, free market and free trade policy helps a lot in maintaining polish economy. Free market attracts many investors to invest in Poland. This table shows that The FDI stock of Poland is about 53 billion which are higher than other countries. (Refrence2) The last factor is Poland has a stability and development plan. It aims at strengthening the polish economy during the world financial crisis and it amount up to 91.3 billion zloty in activities to stimulate investment in the polish economy. The first goal of Poland’s stability and development plan is prevent overheated economy. Poland was designed to curb inflation and ease Poland’s entry into the European Union in the early 2000s by using tight MPC. The inflation rate of Poland is lower than 5% after tight MPC policy...
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...horse in China and list down the country’ problem before it becomes the world’s largest economy . A big part of Fareed’s focus in this article is about China’s challenges likes debt, pollution and corruption. In this article showed how China’s financial crisis and the global economy slowdown based on it’s economic imbalances . The basic economy’s problem is that for almost a decade, China's economic growth has been fueled by cheap credit and government spending--a classic developing-nation problem .The country’s total debt level was estimated at 215% of GDP in 2013.Besides financial problem, China also have serious challenges in environment. Air and water pollution has become a major public health issue in the country.The last challenges in 2014 is the corruption’s problem ,it seriously increasing among the Communist Party. According to this article, China’s president has launched an anticorruption campaign for this unethical problem . In closing, Fareed Zakaria says that ,he not ready to bet against China if China’s leader did not manage this transition well.If China’s leaders manage this transition well.the country will emerge stronger and more stable and become the largest economy in the world. INTRODUCTION International business is much more complicated than domestic business because countries differ in many ways. (Charles W.L.Hill, 2013) .China has become the world's second largest economy, with Japan surrendering its 42-year-old ranking after its economy shrank in the...
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...Foreign Direct Assessment: Analyzing the Mobility of FDI Models in Emerging Markets Kyle Himmelwright & Damian Zaccaria, Villanova Business School In this article, the authors will explore foreign direct investment in emerging markets. Applying a two prong investment model, they’ll assess three emerging Southeast Asian marketplaces; Indonesia, Thailand, and Malaysia. Additionally, they’ll explore the impact a variety of explicit and implicit factors have on the outcome. The research will indicate which of the three markets has the most potential for investment. Keywords: Foreign Direct Investment (FDI), emerging markets, investment, economic factors, growth, defense Foreign direct investment (FDI) plays a prominent and growing role in the global marketplace. FDI is defined as an investment made by a company or entity based in another country. The investment provides the firm with an opportunity to access new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing (Goingglobal.com 2015). Accurately assessing marketplace factors is essential when evaluating whether to invest in a foreign market, especially when it comes to making decisions requiring foresight and conviction. “The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.” Rupert Murdoch’s quote concisely illustrates the current state of the global marketplace; it simply isn't as big as...
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...Host Country Effects of Foreign Direct Investment ANDREAS JOHNSON Host Country Effects of Foreign Direct Investment The Case of Developing and Transition Economies JIBS Dissertation Series No. 031 JIBS Dissertation Series No. 031 ANDREAS JOHNSON Host Country Effects of Foreign Direct Investment The Case of Developing and Transition Economies This thesis consists of four individual essays and an introductory chapter. While independent from each other, these essays share some common properties. They are all empirical and focus on the interaction between inflows of foreign direct investment (FDI) and host country characteristics. The primary focus of the thesis lies in how inflows of FDI affect developing and transition economies. Macro-level data are used in all essays. The first essay analyses the FDI inflows that the transition economies of Eastern Europe have attracted and tries to find determinants of these inflows. The following two essays compare the effect of FDI between developing and developed economies. The second essay studies the relationship between corruption in the host country and the volume of FDI inflows. The third essay explores the effect of FDI inflows on host country economic growth. The fourth and final essay analyses the relationship between FDI and trade, focusing on the link between FDI flows and host country exports in eight East Asian economies. ISSN 1403-0470 ISBN 91-89164-64-4 ANDREAS JOHNSON Host Country Effects of Foreign...
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...Date of Submission: 06/01/12 Title of Assignment: Trade barriers and their effect on foreign direct investment in India and France. CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. While there are many differences in the political systems of India and France, there are also a number of interesting similarities. The French political system is special in two ways. Firstly, it is not a parliamentary system like the British one nor is it a separation of powers like in the USA, where the President must take account of congress. The French Fifth Republic is a semi-presidential system in which the president and prime minister are both active participants in the day-to-day administration of the state. When the president and prime minister come from opposing parties, the president is responsible for foreign policy and the prime minister is responsible for domestic policy. France is also different from most major democracies as it uses a two round single winner voting system, rather than the one round system, which is the system used in the United States and the United Kingdom. Like France, India also has both a prime minister and a president. India is...
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... | | |Finding |Responsible Party |4 | | |Leadership Role |5 | | |Image-Saving Tactics |7 | | |Text Message Apology |7 | | |Strategy to Prevent Corruption |8 | | | |...
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...among others) making it a path of an average of 20 tropical cyclones annually, nine of which makes a landfall. According to Wikipedia, climate change is a change in the statistical properties of the climate system when considered over long periods of time. The term, however, sometimes used to refer specifically to climate change caused by human activity, as opposed to changes in climate that may have resulted as part of Earth's natural processes. The term climate change, hence, has become synonymous with global warming. Any scientist will acknowledge that earth’s climate has always been changing. Increasing emissions into the atmosphere of carbon dioxide and other greenhouse gases (such as methane) have created the so-called “greenhouse effect,” leading to overall global warming. However, some studies would also say that the intensity of solar radiation that correlates positively with global warming, provides alternative view to the carbon dioxide-greenhouse interpretation. Scientists also believed (with media exaggeration) that sea levels will rise by several meters by the end of the century, frequent violent storms will increase and more prolonged periods of drought will occur. This pronouncements, however, have made the concerned agencies such as the Metro Manila Development Authority (MMDA), National Disaster Risk Reduction and Management Council (NDRRMC) and the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) to push for the procurement...
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...Economic Development of Third World Countries Abstract The paper examines social and economic issues relating to the development of Third World countries. The emphasis is placed on five major challenges the underdeveloped and developing nations face on their way to economic growth and prosperity. The report discuses overpopulation problem and also questions the effectiveness of foreign aid. Moreover, it provides information on impact of information technology, as well as addresses the issue of lack of economic diversification. Finally, it explains causes and consequences of corruption on economic growth. Keywords: Third World, development, overpopulation, foreign aid, technology, diversification, corruption Table of Contents Abstract2 Introduction4 Brief history4 Classifications4 From Third World to First World6 Issues7 Population growth7 Foreign aid8 Information technology11 Economic diversification12 Corruption13 Conclusions16 References18 Economic Development of Third World Countries History The end of the World War II brought into being a number of new nations in Asia and Africa, which gained independence from colonial rule and were given a title of “Third World”. The term was created by French demographer Alfred Sauvy and was originally intended to distinguish newly emerged states from the Western industrialized nations and from those that formed the former Soviet bloc (Prachi, 2011). Today the designation is used to describe the developing...
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...International Journal of Business and Behavioral Sciences Vol. 2, No.6; June 2012 Corruption: Causes and Effects in Pakistan’s Case (A Review Research) *Dr. Muhammad Tariq Khan1, Dr. Naseer Ahmed Khan2, Sheraz Ahmed3, & Khalid Mehmood4 1 Assistant Professor, Department of Management Sciences University of Haripur, PAKISTAN 2 Postmaster General, Pakistan Post, Rawalpindi, PAKISTAN, 3Lecturer, Department of Management Sciences University of Haripur, PAKISTAN, 4Lecturer, Department of Management Sciences Hazara University, PAKISTAN *tariq_phd@yahoo.com Abstract There is a growing worldwide concern over corruption at the present time. The increasing public interest and concern over corruption have resulted in a large amount of scholarly research on the subject. The concept of economic rent is important in corruption. In Pakistan, the corruption is deep rooted and has many dimensions. There are several causes and remedies for the public policy makers to root out corruption in Pakistan. Key Words: Corruption, Economic rent, Developmental obstacle. Social evil, Remedies Introduction Corruption is a universal curse around the world and exists in all the countries as a common phenomenon, both in developing or poorer countries and developed countries. The difference is only of the degrees of corruption. In the last five years, leading politicians in U.K., Belgium, France, Spain and Italy have been convicted of corruption and in fact, the entire European Commission ...
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...years of New Worlds Domination. Almost 3 years of fear made by the Samurai’s aggression. These are mighty periods that strengthen the pillars for the creations a mighty Malayan Empire in the Pacific. Inhabited by different races, a melting pot, Philippines rise from the dust of a monumental failure to a proud-gallant nation. For almost half a century of foreign domination, half century of foreign exploitation, Philippines became a ripe fruit on the Asian Tree. A proud valiant archipelago of grandiose and influences, Philippines became a melting pot, a land where too many different races took part for the development of the land. Strategically located in the heart of the Pacific, Philippines is a stepping stone. Different foreigners will be first to land in the Filipino soil before passing other Asian Countries. Geographically located in the tropic, Philippines is vested by different natural resources. Philippines, a pebble on the shoe of other Great Asian Agricultural Countries, is also a great trading empire; not only in the Asian Trade but also with the International Trade. Known as a nation rich in Tropical Fruits, Philippines showcased her greatness in International Trade as she become leading Banana and Mango exporter in Asia. Also a renowned Rice Bowl of South East Asia, Philippines sheltered the development of world-class agricultural researches that would benefit not only the Philippines but also other agricultural countries in Southeast Asia. The IRRI or the famed ‘International...
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...Assignment Endemic Corruption Cases in Indonesia’s Economics Development [pic] International Undergraduate Program Poppy Puspita Rini 1006718624 Statement of Authorship I certify that the attached material is my original work. I declare that no other person’s work has been used without due acknowledgement. Except where I have clearly stated that I have used some of material elsewhere, it has not been presented by me, for examination in any other course or unit at this or any other institution. I understand that the work submitted may be reproduced and/or communicated by the University or third party authorized by the University for the purpose of detecting plagiarism. Name : Poppy Puspita Rini Student Register Number : 1006718624 Depok, June 11 2013 Poppy Puspita Rini Introduction Corruption in Indonesia is widespread and costly. Recently, corruption cases become a major on-going economics development sector issue. Indonesia’s Corruption Eradication Commission (Indonesian: Komisi Pemberantasan Korupsi) (abbreviated KPK) shows there has been a sharp increase in all enforcement activity, relating to the sector. Political organizations in economic sector continue to face significant corruption risks. How far the current corruption and bribery case in Indonesia’s economic development? • Corruption and bribery historical...
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...Global Business Cultural Analysis of South Korea John Smith University of Rochester BUS 800 – INTERNATIONAL BUSINESS Dr. Peterson March 6, 2015 Abstract Today, the United States conducts a substantial amount of business with South Korea. It is important that American managers, entrepreneurs, and businessmen understand the South Korean social, cultural, and religious dimensions of the nation. The South Korean culture and customs are uniquely different from those of the United States. The culture and customs of the United States are based on European traditions and religious Christian beliefs. The culture and customs of South Korea are based on Confucianism’s way of life, Buddhism’s individual salvation, and since the 1950’s Christianity’s redemption of the soul. American businesses that incorporate South Korean culture into American business practices will develop long lasting business relationships with their South Korean counterparts. American businessmen working in multinational corporations have adjusted well the collectivist culture of South Korea. Multinational enterprises considering cross border business in South Korea can feel safe investing in South Korea. Keywords: South Korea, United States, cultural dimensions, multinational business, Hofstede. Introduction South Korea is one of the United States most important strategic and economic partners in Asia. Members of Congress tend to be interested in South Korea for political purposes. South...
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