...Essay Three The president of the Seattle credit card processing company Gravity Payments, Dan Price, recently announced that a cut would be made to profits and his pay in order to raise the minimum wage at the firm up to $70,000 a year. This move by Mr. Price has drawn both applause from some and criticism from others. Among those criticizing the move, suggestions are being made stating the move is counterproductive because it creates an incentive for workers to slack off and be lazy, some insist it is not the right method of operating, and Rush Limbaugh has gone as far as referring to this method as being “pure, unadulterated socialism.” By setting this new minimum wage, Mr. Price is not following the forces that influence wages and rule to maximize profits within the market, instead he is deciding to do what he believes is best for him, his employees, as well as the firm, specifically in the long-term. Mr. Price also suggests that his decision will help reveal the “corrosive effects of income inequality” in society. Another word in is defense was made by an economist at the conservative Manhattan Institute for Policy Research, by stating “you get what you pay for” when dealing with the labor market. Only after a few days after Gravity Payments made the announcement, they “heard from more than 3,500 hopeful applicants” and “signed up several new clients.” The decision by Dan Price to increase minimum wage will definitely affect both the demand and supply of labor...
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...products, sedges, etc. The US remained its firm in rejection as its GSP law claims some strict requirements including the right of forming association. In the final negotiation round and in the private meeting of the two delegation leaders, “We shall just write on the BTA that the US will consider giving Vietnam the GSP, yet when the consideration starts, whether we get it or not we’ll talk later”, I said to Mr. Joe Damond – leader of the US negotiation delegation. He found the suggestion sensible and he agreed. Returning to our country, I dared not boast about that win because I knew it was just words pleasing BTA so that everybody was happy, but someone reported that we had been patient in fighting and making the US give us the GSP and we won! I heard that later on, after many years of negotiation, up to now the US has not approved to grant Vietnamese goods the GSP since Vietnam has not fulfill the requirement of forming association. This time, Vietnam cannot avoid this request if we wish to enter TPP. In my opinion, if the US and other countries make consessions, those ones can only be allowing Vietnam a few years to solve domestic structural problems. Giving the right...
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...Executive Summary This report examines interests of each role in social members and evaluates power relations in society, which covers government, corporations and civil society. Research method is covered a literature review which is based on quality academic journal articles, texts and research institutes’ materials. The report clarifies each member’s interaction and its power residents. This power resident and relationship can be reformed through social agenda setting. There is possibility that power-balanced society in capitalism can be diminished through its change into neoliberalism agenda. This is examined through reviewing Japan’s development in last couple of decade. Contents Table 1.0 introduction..............................................................................................3 2.0 Role and power resident.........................................................................3 2.1 The role and power resident of Government.....................................................3 2.2 The role and power resident of Corporations....................................................4 2.3 The role and power resident of Citizens...........................................................5 3.0 An Interaction of Government, Corporations and Citizens…………6 4.0 Character of social context (capitalism, neoliberalism)…………....7 4.1 A power interaction in Capitalism...................................................................7...
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...This research paper builds an open-economy general equilibrium trade model whereas two traded goods and a nontraded public consumption good are formed, applying two factors of production. The government is funding public goods by imposing tariff. Within the framework, the research paper shows that tariff increases the country’s welfare when there is an undersupply of public goods. This research paper also analyses the conditions under which the improvement in terms of trade may reduce welfare. The important parts are free trade leads to change in factor rewards and change in the provision of public goods can be inferior to autarky. This is an initial study which is giving suggestion or recommendation for the future...
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...Programme Implementation Administration National Statistical Commission Central Statistical Office National Sample Survey Office Computer Centre Programme Implementation Wing Abbreviations used Allocation of Business to the Ministry Project, Seminar/Conference/Workshop and Travel Grant Assistance sanctioned during 2010-11 Project, Seminar/Conference/Workshop and Travel Grant Assistance sanctioned during 2011-12 (Up to December, 2011) Statement of Budget Estimate (SBE) -2011-12 Total Plan Gross Budgetary Support (GBS) for 2010-11 (BE and RE) for North-Eastern Region. Total Plan Gross Budgetary Support (GBS) for 2011-12 (BE and RE) for North-Eastern Region. Performance of Monthly Monitored Items under TPP-2006 (April, 2010 to March, 2011) Performance of Monthly Monitored Items under TPP-2006 (April, 2011 to September, 2011) Infrastructure Sector Performance (April-November, 2011) List of Projects completed in 2011-2012 (As on 30.9.2011) (i) (ii) 1-4 5-11 12 13-42 43-52 53-58 59-62 63-64 65-81 82-93 94-108 109-115 116-120 121-124 I II III IV V VI VII VIII IX X XI XII XIII XIV 125 126 127 128 129 130 131 132 133-134 135-137 138-139 140 141 142 143-145 146-148 149 150-153...
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...What are the trends in growth, inflation, unemployment, and debt? Over the last ten years Japan had a tremendous growth. It is no surprise for a country like Japan to have an increase in GDP among the last ten years; it had a GDP of $4.3 trillion in 2004 and kept increasing till it reached $5.96 trillion in the end of 2013 (Trading Economics, 2013). This significant increase in in the GDP is due to the increase in the net exports, since nowadays Japan is known as the world’s second largest developed economy. Japan exports a lot of automobiles because it is one of the leading countries in the production of automobiles that are spread all over the world. Moreover, Japan is the largest creditor nation while running an annual trade surplus. The GDP per capita increased from $29369.49 in 2004 to $31425.49 in 2013 (Trading Economics, 2013) meaning that the economy is vigorous since people are earning more so they have more disposable income to spend which vitalities the economy and the services thus leading the economy to thrive. All these conditions led the growth rare to increase from 0.1% in 2004 to 0.3% in 2013 (Trading Economics), however it is still considered low since it only increase 0.2%. In general we can come to a conclusion that the Japanese economy is healthy and is experiencing a positive growth. Since we already know that the economy in Japan is booming it would be rational to say that there are new opportunities for new positions in the market, the demand for workers...
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...MANAC‐I GROUP ASSIGNMENT Company : UltraTech Cement Submitted by: GROUP NO. 22 Abhinav Akshya Kattuputhur Murali (Ms) Ankit Singh Ankur Patel Anshul Kr Agrawal Ansuman Mishra Nikhil Arora B14128 B14130 B14132 B14133 B14134 B14135 B14159 STATEMENT OF PROFIT/ LOSS (All amounts are in crores of ₹) Revenue Sale of Products and Services (Gross) Less: Excise Duty Sale of Products and Services (Net) Other Operating Revenues Revenue from Operations (Net) Other Income Total Revenue (I) Expenses Cost of Raw Materials Consumed Purchases of Stock-in-Trade Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade Employee Benefits Expense Power and Fuel Freight and Forwarding Expense Other Expenses Less: Captive Consumption of Cement {Net of Excise Duty `₹ 28.89 Crores, (Previous Year ₹`39.80 Crores)} Total Expenses (II) Profit before Interest, Depreciation (PBIDT) (I)-(II) and Tax For the year ended 31.03.2014 For the year ended 31.03.2013 22803 (2725) 20078 202 20280 329 20609 2911 309 107 1015 4135 4581 3436 16494 (32) 22705 (2682) 20023 157 20180 305 20485 2792 236 (118) 968 4299 4224 3149 15549 (45) 16462 4147 319 1052 2776 559 (222) (96) 390 631 2144 (Face 78.21 78.18 15504 4980 210 945 3825 1006 – (4) 168 1170 2655 Finance Costs Depreciation and Amortisation Expense Profit before Tax Income Tax Expenses: Current Tax MAT Credit Excess tax provision reversal related to prior...
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...National Competitiveness of Japan ABSTRACT: Japan is the third largest economy. It had been so successful and competitive before 1990. It has been in stagnation for two decades. This paper is going to examine if Japan still retains her national competitive advantage and as an attractive place for MNE from different internal analysis. There will be suggestions of how Japan can improve her international competitiveness. INTRODUCTION Japan had experienced tremendously economic growth after World War II until 1980s. Nikkei stock market index has experienced a high hit of 40,000 in Year 1989. After the appreciation of yen, mistakes in fiscal policy and a serious bubble economy in 1990s, Japan fell into recession for more than two decades. To make it worse, the economic crisis in 2008 and March 11, 2011 earthquake and tsunami in Japan were a great hit to the economy. A decline in exports and increase in imports, especially fuels and energy, made Japan has to face trade deficit and how to increase its international competitiveness. There were some signs of recovery from 2012, especially with Shinzo Abe became the Prime Minister and implemented “The Three arrow”, which is a series of fiscal, monetary policy and structural reforms, so called “Abeconomics”. The PEST model which macroeconomic environment will be analyzed and see whether it is attractive for MNE come to Japan. From Porter’s Diamond model, how Japan can increase its national competitiveness will be further discussed...
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...University of Nottingham Ningbo China Business School Academic Year 2015/16 Autumn Semester INTERNATIONAL BUSINESS ENVIRONMENT Lianxi Zhou EBay: China and India External Business Macro Environment Entry Report Group 2 Hugo John MASON; ID: 6513963 Boon Long Tan; ID: 6512494 Sung Jun PARK; ID: 6508247 Yasong ZHAO; ID: 6511938 Word Count: 3000 Table of Contents Introduction 2 China 3 Political Environment 3 Political and Legal System 3 Five Year Plan 3 One Belt, One Road 4 Risk 4 Economic Environment 5 Market Size 5 Currency 5 FDI 6 Socio-Cultural Environment 8 Guanxi 8 Hofstede’s Model of National Culture 9 China Recommendation 11 India 12 Political Environment 12 Political and Legal System 12 Opportunity 13 Risk 13 Economic Environment 14 Market Size 14 Currency 14 FDI 15 Regional Trade Blocs 16 Risk 16 Socio-Cultural Environment 17 Socio-Demographic 17 Trust and Uncertainty Avoidance 17 Human Resources 18 India Recommendation 19 Reference 20 Appendix 25 Introduction In recent decades a global shift has arisen and revolutionized the way businesses operate as we move into a more integrated and interdependent global economy. Known as Globalization, the e-commerce industry has been the crux of such a radical metamorphoses of nations. National economies are no longer self-contained and independent. China, having one of the fastest growing e-commerce markets at 22.6% (iResearch, 2014) has...
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...Brics summit “The aim of brics is to convert their growing economic power into greater geopolitical clout” BRICS is the title of an association of leading emerging economies, arising out of the inclusion of South Africa into the BRIC group in 2010. As of 2012, the group's five members are Brazil, Russia, India, China and South Africa. With the possible exception of Russia, the BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs. As of 2012, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$13.7 trillion, and an estimated US$4 trillion in combined foreign reserves Presently, India holds the chair of the BRICS group. Due to steady growth in BRICS nations in the recent past their share in global output has grown from 11% in 2005 to 18% in 2010. President of the People's Republic of China Hu Jintao has described the BRICS countries as defenders and promoters of developing countries and a force for world peace. The BRIC grouping's first formal summit commenced in Yekaterinburg on June 16, 2009, with Luiz Inácio Lula da Silva,Dmitry Medvedev, Manmohan Singh, and Hu Jintao, the respective leaders of Brazil, Russia, India and China, all attending. In 2010, South Africa began efforts to join the BRIC grouping, and the process for its formal admission began in August of...
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...best of my knowledge. Prof. Rakesh Passi JAYA PANDEY Head of Department Designation: Date: Department: Date: ACKNOWLEDGEMENT “Interdependence is a higher value than independence” Some says “Managers are born and some says managers are made”. I was also in some dilemma before commencing my Summer Internship Project. But after the successful completion of my summer internship project, I came to know that managers are made if they are guided properly and are motivated to walk willingly towards fulfillment of specific goals. First of all, I express my sage sense of gratitude and indebtedness to H.O.D Prof. Rakesh Passi and my mentor Ms. Jaya Pandey(Faculty) for her valuable guidance and intellectual suggestions during this project. I express my sage sense of gratitude to my company mentor Mr. Shantanu Saxena (Senior Manager)...
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...FT SPECIAL REPORT World Economy Friday October 12 2012 www.ft.com/reports | twitter.com/ftreports Hopes turn to fear and uncertainty Answers to the big issues facing the global economy depend mainly on events in the US and eurozone, writes Chris Giles Meeting of minds: logo for the IMFWorld bank events beginning in Tokyo today Bloomberg Inside » Growth glitches FT specialists report from the eurozone, China, the US and the UK Pages 2, 3 If Obama wins . . . or Romney Some differences seem more symbolic than real Page 4 Cash conundrum The IMF and World Bank have plenty of money but face new challenges Page 5 A threat of double-dip recession is stalking the world economy. Advanced economies are struggling to raise insipid growth rates, while the fast-growing emerging economies cannot maintain their previous momentum. If anything goes wrong – and there are known potential shocks in the coming months – the risk is rising of a dangerous economic slide. The Brookings Institution-Financial Times Tracking Indices for the Global Economic Recovery shows a steep drop in 2012 so far, leading professor Eswar Prasad of Brookings to describe the global economy as “on the ropes”. In the International Monetary Fund’s twice-yearly World Economic Outlook, published this week, Olivier Blanchard, the fund’s chief economist, said the world economy was hamstrung by uncertainty, which was pre- venting companies from investing and households from spending. “Worries about...
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...Strengthening the foundations for growth ABB Limited, India - Annual Report 2010 Contents 01 Board of directors and other information 02 5 year highlights 04 This is ABB 05 Corporate Management Committee 08 Notice to the members 13 Directors’ Report 27 Management’s discussion and analysis 31 CEO / CFO certification 32 Auditors’ report 36 Balance sheet, profit & loss account and schedules 47 Notes to the accounts 65 Cash flow statement 67 Balance sheet abstract and company's general business profile ABB Limited Board of Directors Gary Steel, Chairman Bazmi R. Husain, Managing Director (w.e.f. 01.01.2011) Biplab Majumder, Vice Chairman & Managing Director (upto 31.12.2010) and Director (w.e.f. 01.01.2011) N.S. Raghavan Nasser Munjee D.E. Udwadia Arun Kanti Dasgupta Peter Leupp Francis Duggan Bankers AXIS Bank Ltd Canara Bank Citibank N.A. DBS Bank Ltd. Deutsche Bank AG HDFC Bank Limited ICICI Bank Limited IDBI Bank Limited State Bank of India Standard Chartered Bank The Hongkong & Shanghai Banking Corporation Limited The Royal Bank of Scotland N.V. Company Secretary B. Gururaj Corporate Management Committee Bazmi R. Husain Amlan Datta Majumdar B. Gururaj GNV Subba Rao Juliane Lenzner Madhav Vemuri N. Venu Pitamber Shivnani Prakash Nayak R. Narayanan Raja Radhakrishnan Ranjan De S. Karun Tommy Andreasson Union Bank of India YES BANK Ltd. Auditors M/s. S.R. BATLIBOI & CO. Chartered Accountants Registered Office 2nd Floor, East Wing, Khanija Bhavan...
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...Exploring Excellence PGDM (GM) (GMP 2013–14) AN AICTE APPROVED FLAGSHIP FULL-TIME MBA PROGRAM FOR EXPERIENCED PROFESSIONALS E-brochure http://www.placementkloud.com/xlrigmp 01 02 03 04 05 06 08 10 12 14 16 MESSAGE FROM THE DIRECTOR Learning and growth are vital for a healthy environment in organizations. We at XLRI have structured our programmes in such a manner as to equip the future managers of tomorrow with learning, competencies and skills that can significantly contribute to the growth of the organization. XLRI has always been proudly associated with academic excellence, personal values and social concern. It has been the crucible of leadership training for over 60 years and its banner is held high by a fine breed of alumni who serve as “change agents” thereby adding a new dimension to their corporate role. This integral and value based formation will greatly assist our students to be innovative, competent and creative leaders. They are groomed in a manner as to serve as agents of continuous improvement and change. It was in 1997 that XLRI recognized an unfulfilled need for formal management training at middle and senior levels of corporate strata. The result of that thought process was the General Management Programme, which has ever since, transformed several industry professionals into veritable leaders who reflect the standards and values of XLRI at various organizations. Recognized by AICTE, the programme places emphasis on stringent admission procedures...
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...Doing Business in Vietnam: 2011 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2011. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • • • • • • • • • • Chapter 1: Doing Business in Vietnam Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations, Customs and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services Return to table of contents Chapter 1: Doing Business in Vietnam • • • • Market Overview Market Challenges Market Opportunities Market Entry Strategy Return to top Market Overview • Vietnam is a true emerging market, offering ground floor and growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in recent years, expanding at an average about 7.2 percent per year during the period 2001-2010, while industrial production grew at an average of about 12 percent per year during the same period. Vietnam registered GDP growth rate of 6.7 percent in 2010 and was one of only a handful of countries around the world to experience such levels of economic growth. Moving forward, inflation remains a main risk to Vietnam’s economy, which the Government...
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