Summary This report analyses the entire Asian environment and 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
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R e se a rc h a n d Stat i s t i c s B r a n c h working paper 16/2009 Impact of the Global Economic and Financial Crisis over the Automotive Industry in Developing Countries UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION RESEARCH AND STATISTICS BRANCH WORKING PAPER 16/2009 Impact of the Global Economic and Financial Crisis over the Automotive Industry in Developing Countries Peter Wad Copenhagen Business School UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna, 2010
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from the worst effects of the Global Financial Crisis (GFC). It presents theoretical and empirical arguments supporting the view that fiscal stimulus is ineffective in a floating exchange-rate regime. It underlines this by comparing Australia’s experiences in the East Asian Crisis of 1997 and the GFC of 2008–09. It concludes that a depreciating exchange rate protected the Australian economy in the 1997 crisis, but was prevented from doing so in the 2008–09 crisis by the fiscal stimulus. Theoretical
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Public Fiscal Administration fiscal administration generally refers to the process/es involved in the revenue generation, allocation, and expenditures of the government. Public finance belongs to the branch of economics but that was during the earlier times. With the emergence of the field of public administration, much interest has been directed towards fiscal administration. Again, this subfield of public administration covers a wide range of issues and topics affecting government operations
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Malaysian Housing Market: Foreign Direct Investment (FDI) The success of Malaysia’s housing market today is coming from a number of economic factors that need to be aware of when considering about the investment. Malaysia is the one of the fastest growing economies in the region. City investment focusing on the capital, Kuala Lumpur is booming due to the direct foreign investment from China, United States and Japan. A surge happened in economic activity. The surge actually has been predicted to
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A Case Study of a Currency Crisis: The Russian Default of 1998 Abbigail J. Chiodo and Michael T. Owyang currency crisis can be defined as a speculative attack on a country’s currency that can result in a forced devaluation and possible debt default. One example of a currency crisis occurred in Russia in 1998 and led to the devaluation of the ruble and the default on public and private debt.1 Currency crises such as Russia’s are often thought to emerge from a variety of economic conditions, such
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INTRODUCTION God created the two precious metals, silver and gold to serve as a measure of all commodities. Gold had played an important role for many centuries in a way or another until the end of Bretton Wood. After the collapse of Bretton Wood’s system fiat money and a floating rate exchange system have taken place in the monetary system. Fiat money is created out of nothing by the power of an issuing authority. With the spread of Islam, the dinar was minted in large quantities and gradually
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necessary nor sufficient for successful growth, though each of its policies made sense for particular countries at particular times. By the Washington consensus I mean, of course, the oversimplified rendition of what it was that the international financial institutions and the U.S. Treasury recommended, especially during the period of the eighties and early nineties, before they became such a subject of vilification in both the North and the South, not the more subtle work of John Williamson, who actually
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developing country in a very dynamic region. This can be shown with the amount of Foreign Direct Investments (FDI) Malaysia receives and has received throughout the years even within a context of a worldwide recession and a global economic crisis. Firstly, I will explain more in detail what an FDI is, the trend it has been following in Malaysia and the way it has been growing on the time span of 1990 to 2010. Secondly, I will mention the rate of growth in Malaysia’s economy by
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2007-2010 global financial crisis in one way or another. While there have been numerous studies that have explored the causes behind such global financial crisis, this subject proves to be a rather significant matter as it is still an ongoing crisis that had hit the Western countries directly causing massive layoffs. Indeed, many people have predicted such crisis would require a substantial amount of time for it to subdue. However, we do not know just how bad the current credit crisis will get. Therefore
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