THE THIRD EDITION Since the second edition of this book published in 2007, the globalization of the economy has seen its momentum challenged by two financial crises. Starting in the USA, the so-called ‘subprime’ crisis has obliged governments around the world to engage in Neo-Keynesian policies in order to consolidate the stumbling global financial system. More recently the ‘Eurozone’ crisis has called into question one of the most ambitious international cooperations and has seen populations asking
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Q. Do corporations have moral responsibilities? * Provide an explanation of the legal structure of a corporation and the separation of ownership and management. * Outline the principal/agent argument. * Argue a case against corporations having moral responsibilities. * Present case for corporations having moral responsibilities. * What is the difference between global CSR and domestic CSR? * Case study. Examine a MNC which has had a CSR issue. * Sum up. Introduction
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Japan-based multinational manufacturer of flat glass, chemicals, and electronics and displays, with annual sales of 1.3 trillion Yen and the largest global market share in most of its product categories. AGC controlled a network of over 200 subsidiaries and affiliates in 25 countries. Mr. Ishizu, the president and CEO were trying to change the company’s structure and corporate culture in order to create a truly international enterprise. He reformed in corporate governance and the new management system
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the whole project definition and scope as you provided in the annual presentation, our company is going to explore the Moroccan market. Our company, Xava Coffee and Confectionary is undoubtedly among the best companies of the country. Being a multinational company having our operations in France, Germany and North America, we are fully equipped with the abilities to explore new markets. We are already exporting a significant amount of coffee to the emerging markets such as China and India. Now the
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Proximity to Europe, integration with European markets, the external anchor of the European Union accession, and a lengthy track record of solid economic management and structural reform are the drivers of Turkey’s long-run prospects (World Bank, 2010). Turkey’s high degree of integration with the world economy, through both trade and financial channels, resulted in the country becoming vulnerable to the impact of the global recession, with the economy contracting by 4.7% in 2009. That being said
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components are creating the globalization. 2. Characteristics of multinational firms MNEs have substantial direct investment in foreign countries, which is not just an import-export business. MNEs use the active management of these offshore assets rather than simply holding them as a passive financial portfolio, and regard those operations as integral parts of the company, both strategically and organizationally. In multinational operating environments, MNEs have to deal with diverse pattern of
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growth of foreign direct investment (FDI) that has exceeded both world output and world trade. China is by far the largest recipient, and in 2004 surpassed the USA as host destination. It has consequently attracted an increasing attention from multinational businesses. Since China adopted the reform and opening-up policy in the late 1970s, foreign investment has played an increasingly important role in its economic growth. According to the World Investment Report for 2004 by the United Nations
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Global Strategic Management & Innovation Globalization Identify and describe the factors that have been pushing for Globalization and those that have been pushing against Globalization. Use examples where applicable. Globalization is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. It is clear that globalization is something more than a purely economic phenomenon manifesting itself on a global scale
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Accounting Department of Business Studies INTERNAL SUBJECT OUTLINE Semester 3, 2011 FIN304 Global Financial Management Subject Lecturer / Tutor Mr. Mohd Jamil Jelani Telephone Fax Room Email 603-20961511 603-20957063 12, KPD Block B, Level 2 mohdjj@help.edu.my Class Contact Please refer to timetable Consultation Please call or email for appointment FIN304 Global Financial Management – Semester 3, 2011 SUBJECT DETAILS TEACHING STAFF Mr. Mohd Jamil Jelani is a Senior lecturer
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Committee in the last financial year include; • Safaricom signing up to the recently drafted Kenyan Businesses Code of Ethics. The Kenyan Business Community under the directorship of the UN Global Initiative has developed a code of ethics to guide Kenyan businesses on matters relating to ethics. Safaricom took an active role in drafting the code and was one of the first companies to sign up to the code. • Kicking of a review of Safaricom Ltd.’s ethical position and ethics management process to identify
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