...Long-term Finance and Economic Growth Working Group on Long-term Finance The views expressed in this report are those of the Working Group on Long-term Finance and do not necessarily represent the views of the individual members of the Group of Thirty. ISBN 1-56708-160-6 Copies of this paper are available for $49 from: The Group of Thirty 1726 M Street, N.W., Suite 200 Washington, D.C. 20036 Tel.: (202) 331-2472 E-mail: info@group30.org; www.group30.org Long-term Finance and Economic Growth Published by Group of Thirty© Washington, D.C. 2013 Table of Contents Abbreviations ............................................................................................................................................................................... 5 Glossary .............................................................................................................................................................................................6 Foreword ..........................................................................................................................................................................................8 Acknowledgments ..................................................................................................................................................................10 Working Group on Long-term Finance ................................................................................................................
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...This article can be divided into four parts, explaining the risks of Wellfleet Bank, additional risks after new focus and recruitment, calculation for the proposal and analysis of risk management processes in order. Risks of Wellfleet Bank Given its strategy, Wellfleet bank may face several kinds of risks: credit risk, country or sovereign risk, regulatory risk, compartmentalized risk and market risk. Credit risk was the first one that Wellfleet bank may have. Credit risk arises from the possibility that promised cash flows held by the bank, such as loans or bonds, will not be paid in full. According to the case, the number of proposals for the Group Credit Committee to project increased from 220 (for 2008) to over 300 (for 2009). What’s more, the largest credit proposals were nearing $1 billion each and each of these large-scale credit applications involved a mega-risk. As per the mantra of the bank, “If a billion-dollar deal went wrong, it could sink the ship.” Secondly, regardless of its customer base, which was most of its 6 million retail customers and 15,000 corporate clients resided out of the U.K., Wellfleet’s headquarter was still in London and it complied with regulations and standards like any other U.K.-based banks. Wellfleet considered the “first-world compliance standards” as an important competitive advantage over local rivals in emerging markets. But the risk was its repayments from the local borrowers might be interrupted by the interference of foreign governments...
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...DIRECT INVESTMENT IN INDIA SYED AZHAR*; K.N.MARIMUTHU** *Research Scholars, School of Management Studies, University of Hyderabad, AndhraPradesh-500046. ABSTRACT This paper attempted to make an analysis of FDI in India and its impact on growth. It also focuses on the determinants and needs of FDI, year-wise analysis, sectoral analysis and sources of FDI and reasons. One of the economic aspects of globalization is the fact that increasing investments in the form of foreign direct investments. In the recent times due to the global recession most of the countries have not been able to pull investments. India has been able to attract better FDI’s than the developed countries even during the crisis period also. Especially in the recent years the FDI in India has been following a positive growth rate. Since 1991 the government has focused on liberalization of policies to welcome foreign direct investments. These investments have been a key driver for accelerating the economic growth through technology transfer, employment generation, and improved access to managerial expertise, global capital, product markets and distribution network. FDI in India has enabled to achieve a certain degree of financial stability; growth and development to sustain and compete in the global economy. KEYWORDS: FDI, GDP, Growth & Development & Indian Economy. ___________________________________________________________________________ INTRODUCTION South Asian countries such as china have...
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...Your proposal may include, but you are not limited to the following item listing. Before each class meeting, please provide a paragraph or more on each item on the list. Your group should send this information to me via email at billbaig@gmail.com in addition to your team leader approved status report and time cards. These assignments will count as individual skills assessment grade, which is 15% of your overall grade in this class. Feel free to make additions or edits as needed, but make sure if you omit anything of this list, you are able to provide proper justification for it. Do not just provide list of hardware or software directly from the web. Be sure to thoroughly research and make appropriate recommendation based on your studies of various hardware/software. In addition, a diagram for each list item is recommend, illustrating precisely your recommendations for the provided case study. All information presented in your proposal MUST have in-text citations and a work cited section for the references used in your proposals. EVERYTHING SUBMITTED SHOULD DIRECTLY RELATE TO THE PRESENTED CASE STUDY AND NO COPYRIGHT MATERIAL! The recommended order to accomplish this proposal is as follows: Week 2 • LAN and WAN requirements – explain the LAN and WAN infrastructure of the doctor’s office network • Wiring – type of wire, length, cost, outside contractor, etc • Network Diagrams – current network infrastructure and proposed network • Network Hardware – routers, switches...
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...banking. Since Wellfleet is a leader in compliance standards, it has a key competitive advantage over its rivals. The importance of internal controls and risk management is highly recognized at Wellfleet. Wellfleet aligns their risk management to Basel II Accord and guidelines. The bank has a unique risk profile and warranted risk-taking discipline. The bank aggressively pursues growth in the large-scale transformational deals. The bank wants to grow aggressively but with balance. As the bank grows, they need to make sure that their risk infrastructure keeps apace with the business opportunities. A consequence for their growth strategy, the bank is facing several risks, such as legal/regulatory risk, credit risk, business risk and operational risk. The legal/regulatory risk is presented by changing international regulatory rules, the bank is required to set aside and manage capital reserves in response to these new regulatory rules. The global economy is becoming more competitive and Wellfleet bank is growing against a risky environment. Companies may default and that present credit risk to the bank. Wellfleet has more strict risk control than its competitors, and pay more attention to the risk modeling rather than the holistic view of the company requesting the facility or industries it operates in. The business risk followed by key lending decisions that the bank makes may result in an opportunity loss for revenue from current/potential customers. The power of the risk management...
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...FOREIGN TRADE UNIVERSITY FACULTY OF ECONOMICS AND INTERNATIONAL BUSINESS INTERNATIONAL INVESTMENT ASSIGNMENT SWOT ANALYSIS IN INVESTMENT TARGETING: The case of Vietnam Instructor: Phạm Thị Mai Khanh (M.A., LL.M.) 1. LƯƠNG VĂN ĐẠT | 1211150027 | 2. BẠCH QUANG TRƯỜNG | 1217150149 | 3. NGUYỄN VĂN TÙNG | 1217150154 | 4. NGUYỄN VĂN TUẤN | 1211150151 | 5. NGUYỄN NHƯ NGUYÊN AN | 1214150006 | 6. NGUYỄN TIẾN ĐẠT | 1217150028 | 7. NGUYỄN MINH ĐỨC | 1214150034 | Hanoi, December 2014 Table of Contents ABSTRACT 4 I.Policy framework 5 1.Strengths 5 2.Opportunity 7 II.Economic factors 9 1.Strengths 9 2.Weaknesses 13 3.Threats 15 III.Business facilitation 19 1.Weaknesses 19 2.Opportunities 21 APPENDIX: Playing roles 23 I.Phase 1 23 II.Phase 2 24 III.Phase 3: Evaluating 31 IV.Phase 4: CONCLUSION 37 REFERENCE 39 list of figures Figure 1: Number of SOEs, 1992-2011 6 Figure 2: Vietnam ranked first for economic activity both sexes aged 25-29 amongst host countries in 2010 10 Figure 3: Monthly Wage Levels in Asia (US$) 15 Figure 4: Vietnam’s Private Sector Minimum Wage, 2008-2014, and 2015-2020 (est) 16 Figure 5: Global competitive Index 17 Figure 6: Main competitors of Vietnam in attracting foreign investment 18 List of tables Table 1: Regulatory Quality – Worldwide governance indicatiors (Percentage Rank (0-100) ). 6 Table 2:Vietnam's workforce by ecnomic component and by economic...
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...CHOICES WHO WILL BUILD YOUR SYSTEM: 1. Insourcing 2. Selfsourcing (also called end-user development) 3. Outsourcing MAJOR SDLC PHASES: 1. Planning 2. Analysis 3. Design 4. Development 5. Testing 6. Implementation 7. Maintenance PRIMARY ACTIVITIES IN PLANNING PHASE: 1. Define the system to be developed 2. Set the project scope 3. Develop the project plan PRIMARY ACTIVITIES IN ANALYSIS PHASE: 1. Gathering the business requirements 2. Prioritize the requirements PRIMARY ACTIVITIES IN DESIGN PHASE: 1. Design the technical architecture 2. Design the system model PRIMARY ACTIVITIES IN DESIGN PHASE: 1. Build the technical architecture 2. Build the database and programs PRIMARY ACTIVITIES IN DESIGN PHASE: 1. Write the test conditions 2. Perform the testing of the system PRIMARY ACTIVITIES IN IMPLEMENTATION PHASE: 1. Write detailed user documentation 2. Provide training for the system users PRIMARY ACTIVITIES IN MAINTENANCE PHASE: 1. Build a help desk to support the system users 2. Provide an environment to support system changes COMMON TYPES OF TESTS: 1. Unit testing 2. System testing 3. Integration testing. 4. User acceptance testing (UAT) TYPES OF TRAINING: 1. Online training 2. Workshop training IMPLEMENTATION METHODS: 1. Parallel implementation 2. Plunge implementation 3. Pilot implementation 4. Phased implementation COMPONENT-BASED...
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...RESEARCH PROJECT PROPOSAL A. Research Proposal Student Name: HOANG THI LUYEN Student ID: 1427723 Working Title/Provisional Topic Title: Sustainable supply chain management in recycling industry: A case study of Lavergne Group in Canada. 1. Aims/objectives/Research Questions: 1.1. Research aims The aim of this study is to evaluate the problems associated with securing a reliable and cost effective sustainable supply chain in the recycling industry and elements of Sustainable Supply Chain Management (SSCM). Recycling is a relatively new industry and the amount of recycling in countries varies significantly based on Political, Industry and Community issues. Academic and corporate awareness of sustainable supply chain and logistics issues has increased significantly in recent years (Seuring and Muller, 2008). Whilst demand for recycled raw materials is consistently increasing, the prerequisites for establishing a reliable supply chain are complex. Without a reliable and cost effective supply chain, manufacturers will avoid the use of recycled materials and instead choose less environmentally friendly virgin materials. Regardless of the reason for a company going ‘Green’ and looking for sustainability, there are key market drivers and requirements for such goals to be successful. This paper will examine the key supply chain factors that are required to optimise ...
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...WOTRO Science for Global Development Food & Business Applied Research Fund (ARF) Second Call for Proposals 2014/2015 Valid for Round 3: 19 January - 12 May 2015 The Hague, - January 2015 Contents 1 5 Validity of the call for proposals 5 Aim and objectives 6 Foci 7 2.3 Target groups Guidelines for applicants 9 3.1 Who can apply 9 3.2 What can be applied for 10 3.3 When can applications be submitted 11 3.4 Preparing an application 11 3.5 Impact pathways, monitoring & evaluation 11 3.6 Knowledge sharing with the Food & Business Knowledge Platform 12 3.7 Submitting an application 12 3.8 General regulations and Intellectual Property Rights (IPR) 4.1 Procedure 4.2 6 Available budget 1.3 2.2 5 3 2.1 4 Background 1.2 3 3 1.1 2 Introduction Criteria 15 4.3 Governance of the Programme 16 5.1 Contact 6.1 General instructions for applicants 19 6.2 Specific instructions for applicants 19 6.3 Multi-Annual Strategic Plans of the embassies 26 6.4 M&E matrix of the Applied Research Fund 27 Aim Assessment procedure Other information Annexes 6 8 13 14 14 18 18 19 Chapter 1: Introduction / Food & Business Applied Research Fund (ARF) 1 Introduction 1.1 Background The Food & Business Applied Research Fund (ARF) is a subsidy scheme of ...
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...Construction group of companies aimed at providing specialized ready mix concrete (RMC) to the Sierra group & to Sri Lankan Colombo-Gampaha-Kaluthara based projects in construction sector. SRL performed well and sustained an exponential growth since inception in 2005 becoming a dominant player in ready mix concrete industry. With 15 competitors springing up in western province, scarcity of materials such as ¾” metal, river sand & constant material price increments due to high demand by Colombo port expansion project & Southern Highway outer circular project, bottom line of the company began to get affected. As to overcome the anticipated materials price shock & competitive low margined market SRL is expecting to diversify into area of construction design development & project management where soft skills would be much stressed upon. 2.0 SITUATIONAL ANALYSIS 2.1 Diversification is required due to : • Price competition due to 15 competitors with much low overheads. • Price hikes of essential raw materials ¾” metal, river sand due to large scale projects such as Colombo port expansion project & Southern Highway outer circular project. • Shrinking bottom line due to above stated reasons. • Company’s product – RMC supply can only cover a limited geographical area in Colombo-Kaluthara-Gampaha districts (geographical constraints due to transportation time) • Main internal buyers – Sierra Construction (Pvt.) Ltd., Sierra Piling (Pvt.) Ltd., Sierra Water (Pvt.) Ltd., Sierra Global (Pvt...
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...products, processes, services, technologies, that are readily available to markets, governments, and society. Innovation differs from invention in that innovation refers to the use of a better and, as a result, novel idea or method, whereas invention refers more directly to the creation of the idea or method itself. Innovation differs from improvement in that innovation refers to the notion of doing something different rather than doing the same thing better. In business and economics, innovation is the catalyst to growth. With rapid advancements in transportation and communications over the past few decades, the old world concepts of factor endowments and comparative advantage which focused on an area’s unique inputs are outmoded for today’s global economy. Economist Joseph Schumpeter, who contributed greatly to the study of innovation, argued that industries must incessantly revolutionize the economic structure from within, that is innovate with better or more effective processes and products, such as the shift from the craft shop to factory. He famously asserted that “creative destruction is the essential fact about capitalism. In addition, entrepreneurs continuously look for better ways to satisfy their consumer base...
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...UNION BUDGET 2010-11 Impact Analysis UNION BUDGET 2010-11: Impact Analysis CONTENTS BUDGET AT A GLANCE ............................................................................................ 1 UNION BUDGET 2010-11 : A MACROECONOMIC PERSPECTIVE ........................ 2 - 3 SECTORAL IMPACT ........................................................................................... 4 - 23 CHANGE IN CENTRAL PLAN OUTLAY..................................................................... 24 RECEIPTS .......................................................................................................... 25-26 EXPENDITURE ................................................................................................ 27 - 28 KEY ECONOMIC INDICATORS (Absolute Values) ................................................... 29 KEY ECONOMIC INDICATORS (Percentage Change Over Previous Year) ............... 30 UNION BUDGET 2010-11: Impact Analysis BUDGET AT A GLANCE (Rs bn) 2009-10 Revised Estimates 1) Revenue Receipts 2) Tax Revenue (net to centre) 3) Non-Tax Revenue 4) Capital Receipts (5+6+7)$ 5) Recoveries of loans 6) Other receipts 7) Borrowings and other liabilities * 8) Total Receipts (1+4)$ 9) Non-Plan Expenditure 10) On Revenue Account of which, 11) Interest Payments 12) On Capital Account 13) Plan Expenditure 14) On Revenue Account 15) On Capital Account 16) Total Expenditure (9+13) 17) Revenue Expenditure (10+14) 18) Capital Expenditure (12+15) 19) Revenue Deficit...
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...Abstract During economic stress periods corporations are looking to reduce overhead cost in any facet. One major way to decrease expenses is to reduce the cost of training and development for employees. My objective is to show how the current technological advances and future development of information technology infrastructure can satisfy both categories. Using my Strategic implementation our organization can continue to develop employees while reducing cost associated with the training. Information technology can develop the workforce, and increase the profitability. In my research I investigated all aspects of employment development known as E-Learning. I applied this advanced training methodology to my current company for direct analysis. I wanted to develop a plan based on the research that could present to the company showing the advantages of E-learning. Even though I don’t have direct financial access to all of the company’s resources, I could still show the fiscal impact of my research and request a proposal for implementation. Keywords: E-Learning, infrastructure, costing, development, advantages, information technology E-Learning: Employee Training and Development When reviewing the company’s strategic plan I noticed a decreased budget in training and development without a qualitative solution to supplement the change in planning. As I began to think of solutions I used my learned knowledge in Information Technology to suggest idea’s for change. When...
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...MIT Sloan School of Management Working Paper 4456-04 January 2004 Global Outsourcing of Professional Services Satwik Seshasai and Amar Gupta © 2004 by Satwik Seshasai and Amar Gupta. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full credit including © notice is given to the source. This paper also can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=486128 Global Outsourcing of Professional Services Satwik Seshasai and Amar Gupta Massachusetts Institute of Technology Email: satwik@mit.edu and agupta@mit.edu As a growing number of firms outsource more of their professional services across geographic and temporal boundaries, one is faced with a corresponding need to examine the long-term ramifications on business and society. Some persons are convinced that cost considerations should reign as the predominant decision-making factor; others argue that outsourcing means permanent job loss; and still others believe outsourcing makes US goods and services more competitive in the global marketplace. We assert that if outsourcing options need to be analyzed in detail with critical objectivity in order to derive benefits for the concerned constituencies. INTRODUCTION With a growing labor market abroad and a challenging economic situation at home, large and small firms are making the push to outsource professional...
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...Towards a Definition of Socio-Economic Research for the RESPECT Project A draft working paper by Ursula Huws, RESPECT Project Director Introduction The term ‘socio-economic research’ is in widespread use in the European Commission’s work programmes and elsewhere. In the Fourth Framework Programme, for instance, there was a programme entitled ‘Targeted Socio-Economic Research’ (TSER) and in the Fifth Framework Programme there were numerous calls for proposals to carry out socio-economic research related to Information Society Technologies (in the IST Programme) and to other issues of relevance to EU policy. At national level, there are also economic and social research funding councils in most European Countries. However, nowhere in this documentation, as far as I can tell, is any definition offered of ‘socio-economic research’. For the purposes of the RESPECT project, however, it is necessary to have some sort of functional definition. This short discussion paper is designed as the first step towards the development of such a definition. As the project develops, this definition will be tested in relation to the actual practices of socio-economic researchers, whose activities, qualifications and professional affiliations will be profiled as part of the project’s work. In the meantime, a brief survey of projects described as socioeconomic research projects indicates that they cover a very broad range in relation to the backgrounds and qualifications of...
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