Malaysia Sintok, 06010 Kedah, Malaysia E-mail: abdulkadirmadawaki@yahoo.com Received: September 16, 2011 doi:10.5539/ijbm.v7n3p152 Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy, with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting
Words: 5879 - Pages: 24
of existence and it just goes around and around. As it progresses it may affect the length of time it takes to get through certain seasons of the cycle on its rotation. We are just one world, whether we choose to function as a planned economy or a free market economy, because, at the end of the day, we are all interacting and doing business with one another. According to the National Bureau of Economic Research (NBER), a nonpartisan economic research organization based in Massachusetts, a recession
Words: 1799 - Pages: 8
subcontracting process, as well as with some connected issues such as fragmentation of the production process, international production relocation, de-industrialisation in developed countries and industrialisation in newly industrialising, now coined emerging countries. In the second place, it aims at finding how global strategy differentiates from traditional MNC strategies and how much outsourcing fits with such global strategy. The last section of the article briefly screens the economic impact of
Words: 14678 - Pages: 59
many countries of this part of Europe (History of bottling, n.d.). Currently, there are 300 Coca Cola plants all over the world. As mentioned, many are located in this unstable business market. The Coca Cola Company refers to this market as the ‘Emerging Market.” The established plants in countries such as Croatia, Romania, Bulgaria are
Words: 4049 - Pages: 17
international marketing. There are five major levels of economic integration; the two I will discuss are preferential trade agreements (PTA), Free trade areas (FTA), customs unions, common markets and economic and monetary unions. The more integrated the economies become, the fewer trade barriers exist and the more economic and political coordination there is between the member countries. A preferential trade agreement (PTA) is a pact between countries to reduce tariffs or taxes on different products. Since
Words: 2956 - Pages: 12
At its most basic level, the green economy is the clean energy economy, consisting primarily of four sectors: renewable energy (e.g. solar, wind, geothermal); green building and energy efficiency technology; energy-efficient infrastructure and transportation; and recycling and waste-to-energy. 1 The green economy is not just about the ability to produce clean energy, but also technologies that allow cleaner production processes, as well as the growing market for products which consume
Words: 772 - Pages: 4
investment funds and the emerging capital market in the Czech Republic. It was the first post-communist country to experiment on a large scale with mass privatization and one of the few for which enough time has elapsed and enough data is available to permit a tentative assessment. We argue that in both cases expectations have not been met and the initial design problems in mass privatization—asymmetric information and imperfect property rights—still remain. In many transition economies, investment funds
Words: 4285 - Pages: 18
Endeavor – Determining a Growth Strategy Case Paper Endeavor is a non-profit organization that aims to stimulate and encourage entrepreneurship in developing economies. The organization has developed a model to help innovative leaders in lesser-developed countries by giving them access to resources in order to transition their ideas into profitable businesses. However, accomplishing this mission is not without challenges. Endeavor is faced with multiple challenges. It must first decide in
Words: 1794 - Pages: 8
Journal of World Business 37 (2002) 69±80 Eastern European cluster: tradition and transition     Gyula Bakacsi, Takacs Sandor, Karacsonyi Andras, Imrek Viktor1 Budapest University of Economic Sciences and Public Administration, 1093 Budapest, Hungary Abstract The eastern European cluster consists of Albania, Georgia, Greece, Hungary, Kazakhstan, Poland, Russia, and Slovenia. It has a population of 232 million and a gross domestic product (GDP) of U.S.$772 billion. The cluster's distinctive
Words: 8788 - Pages: 36
Analysis for Brown-Forman Strategic Analysis — MBA 601 Dr. Robert Nixon Prepared by the Blue Team: Alexandria Lovan Ryan Melander Michael Miao Cipriana Prepeliuc Jasleen Sethi Table of Contents Type chapter level (level 1)1 Type chapter level (level 2)2 Type chapter title (level 3)3 Type chapter level (level 1)4 Type chapter level (level 2)5 Type chapter title (level 3)6 BACKGROUND Brown-Forman, headquartered in Louisville, KY, is one of the largest producers of wine and spirits in the United
Words: 2756 - Pages: 12
