...I. GLOBALIZATION: OPPORTUNITIES AND CHALLENGES A. NEW FORCES DRIVING GLOBALIZATION any people consider globalization nothing new – societies have been interconnected for years. But globalization took different forms in the past and the contemporary conjuncture is new.1 The world has never experienced globalization at this level of intensity before or the speed at which it is transforming and integrating societies. There is no single, all-encompassing definition of globalization, notes Sen.2 Instead, it has become a broad heading for a multitude of global interactions, ranging from the expansion of cultural influences across borders to the enlargement of economic and business relations throughout the world. For the economist, globalization is essentially the emergence of a global market. For the historian, it is an epoch dominated by global capitalism. Sociologists see globalization as the celebration of diversity and the convergence of social preferences in matters of lifestyle and social values. To the political scientist, it represents the gradual erosion of State sovereignty. But disciplinespecific studies explain only a part of the phenomenon. From a multidisciplinary angle, globalization may be treated as a phenomenon, a philosophy and a process which affect human beings as profoundly as any previous event.3 Several factors have been responsible for this phenomenon. This study confines its attention to four growthenhancing facets of globalization that have been among its...
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...Germany has decided to phase out its all the nuclear plants by 2022. This decision, prompted by Japan’s Fukushima nuclear disaster, will make Germany the first major industrialized nation to go nuclear-free. Germany (Europe’s largest economy) is determined to replace its nuclear power with renewable energy resources. . Swiss parliament has approved amendments to tax treaties with other countries, including India. This makes easier access for India, to collect information about the illegal funds held by the Indian nationals in Swiss private banks. The Swiss parliament endorsed amendments to double-taxation agreements (DTAAs) in line with internationally applicable standards. The beneficiaries from the new amendments include India, Germany, Canada, Japan, the Netherlands, Greece, Turkey, Uruguay, Kazakhstan, and Poland. French Nationals to Sue Sarkozy over Crimes in Libya Two French lawyers have said that they are planning to sue French President Nicolas Sarkozy against the Humanity crimes over the military campaign in Libya that was led by NATO. Jacques Verges and Roland Dumas two of the French lawyers have decided to represent the families of the victims during the military campaign. Constitution (15th Amendment) Bill, 2011 passed in Bangladesh The Parliament of Bangladesh, the Jatiyo Sangsad, passed the Constitution (15th Amendment) Bill, 2011 on 30 June 2011 to amend its constitution under which the caretaker government system for holding general elections was scrapped...
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...Introduction “The efforts of global powers to establish a global system to create a balance of power in the world to suit their interest are the root cause of global peace, conflict & refugee crisis.” The above statement is our debate topic & we are supporting the statement. Before we present our arguments to support it, the following questions should be answered: • Who are global powers? • What is balance of power? • What is their (global power’s) interest? • What is global peace, conflict & refugee crisis? The answers to above terms will provide us clear view on the esteemed statement. The terms are discussed as follows: Global Power: There are 10 powerful countries, the 10 great powers that can rock the world. They have been ranked by their fire power & ability to shape both their regional environments and the international system as a whole; among all the world’s countries these are the ones with the most ability to affect global politics by their choices. The global power rankings are revised every year. Until 2016, the top 10 global powers are as follows: 1. United States of America 2. United Kingdom 3. Germany 4. China 5. Japan 6. Russia 7. India 8. Turkey 9. Iran 10. South Korea Balance of Power: In international relations, the posture and policy of a nation or group of nations protecting itself against another nation or group of nations by matching its power against the power of the other side. States can...
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...www.ccsenet.org/res Review of European Studies Vol. 4, No. 3; July 2012 Europe and the Middle East: From Imperialism to Liberal Peace? Raymond Hinnebusch1 1 School of International Relations, University of St Andrews, Scotland, UK Correspondence: Raymond Hinnebusch, School of International Relations, University of St Andrews, St Andrews, Fife KY16 9AX, Scotland, UK. Tel: 44-1334-462-861. E-mail: rh10@st-andrews.ac.uk Received: November 24, 2011 Accepted: April 26, 2012 Online Published: July 1, 2012 doi:10.5539/res.v4n3p18 URL: http://dx.doi.org/10.5539/res.v4n3p18 Abstract Europe’s relation with the Middle East and North Africa (MENA) is discussed in the context of normative (International Society) and materialist approaches (World System’s Theory). First, European imperialism’s export of a flawed Westphalian state system is summarized. How Europe is “caught” between MENA and the US and co-opted into a division of labour toward the region is then surveyed. The gap between the normative rhetoric and actual inequitable outcomes and structures constructed under the Euro-Mediterranean partnership is examined, looking at the three “baskets” of economic developmental, political reform and cultural convergence. Four “hard cases,” EU policies toward Palestine, Iran, Syria and Turkey, illustrate the ambiguities of the EU’s approach to MENA. MENA public opinion’s ambivalence toward Europe reflects these realities. The conclusion is that the EU’sMENA policy...
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...External Tariff CHE Commission for Higher Education (Kenya) CIEREA Conference of Economics Research and Training Institutions in Francophone Africa CIRES Ivorian Centre for Social and Economic Research CM Common Market COMESA Common Market for Eastern and Southern Africa COBET Complementary Basic Education in Tanzania CODESRIA Council for the Development of Social Science Research in Africa COMESA Common Market for Eastern and Southern Africa CPI Consumer Price Index CRE Christian Religious Education CSAE Centre for the Study of African Economies, University of Oxford CSO Civil Society Organization CU Customs Union EA East Africa EACSCO East African Common Services Organization EABC East African Business Council EAC East African Community EADB East African Development Bank EAHC East African High Commission EARISC East Africa Regional Integration and Scientific Cooperation ECCAS Economic Community of Central African States ECDE Early Childhood Development Education ECOWAS Economic Community of West African States EPA Economic Partnership Agreement EAPF East African Political Federation EPZ Export Processing Zone EU European Union FCCs Fears, Concerns & Challenges FDI Foreign Direct Investment FTA Free Trade Area GER Gross Enrolment Rate GCR Gross Completion Rate GDP Gross Domestic Product GOK Government of Kenya GOR Government of Rwanda GOT Government of Tanzania GOU Government of...
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...development is the emergence of varieties of financial products, far removed from simple deposits and advances, delivering such intermediation. Securitization, as we all know, is among the latest of such intermediating product. Securitization is basically defined as a financial practice of taking illiquid assets and pooling various types of contractual debts like residential mortgage, commercial mortgages, auto loans, credit card debt obligations and selling them as securities to third party investors which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Securitization helps in diversifying the credit market as the process of lending and borrowing is broken into several discrete leading to economies of scale. Consider the case of a limited company and its financing advantages over a partnership firm. A partnership firm is based on relationships, which is cumbersome to handle, and whose changes in composition could affect the firm’s liquidity. In the case of limited company, share is issued to each ‘partner’ and the company’s capital structure does not change with a change in the composition of its ‘partner’. Shareholders come and go as they please. This is because the shareholder’s stake is...
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...Introduction Globalization is an idea whose time has come. From obscure origins in French and American writings in the 1960s, the concept of globalization finds expression today in all the world’s major languages (cf. Modelski, 1972). Yet, it lacks precise definition. Indeed, globalization is in danger of becoming, if it has not already become, the cliché of our times: the big idea which encompasses everything from global financial markets to the Internet but which delivers little substantive insight into the contemporary human condition. Clichés, nevertheless, often capture elements of the lived experience of an epoch. In this respect, globalization reflects a widespread perception that the world is rapidly being moulded into a shared social space by economic and technological forces and that developments in one region of the world can have profound consequences for the life chances of individuals or communities on the other side of the globe. For many, globalization is also associated with a sense of political fatalism and chronic insecurity in that the sheer scale of contemporary social and economic change appears to outstrip the capacity of national governments or citizens to control, contest or resist that change. The limits to national politics, in other words, are forcefully suggested by globalization. Although the popular rhetoric of globalization may capture aspects of the contemporary zeitgeist, there is a burgeoning academic debate as to whether globalization, as an...
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...is a business plan for a new venture called Quench and in this Plan different business theories are used and different marketing Tools and techniques are highlighted in order for a new business to begin its new venture efficiently and effectively. The report covers all the relevant techniques can be used in developing a new venture 1.0 Introduction The word entrepreneur is derived from the French word “entreprendre” that means to eundertakei.i.e... The person who undertakes the risk of new enterprise. The word entrepreneur, consequently, first acted in the French language in the commencement of the sixteenth century. The word was also applied to the leaders of military expedition. But it was Richard Cantilon, an Irishman, living in France who first used the term entrepreneur to refer to economic activities. According to Cantilon: “an entrepreneur is a person who buys factor services at certain prices with a view to selling its product at uncertain prices.” Thus, to Cantilon, an entrepreneur is a carrier of risk which is non-insurable. One of the most well-known French economists Jean Baptiste Say defined the term entrepreneur in an expressive manner. According to J.B Say: “an entrepreneur is the agent who unites all the factors of production and who finds in value of the products the re-establishment of the entire capital he employs and the value of wages.” Effectuation, as abstracted by sarasvathy (2001), is a substitute process of decision making in contrast to the...
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...the now developed countries themselves. Throughout the early and recent history of central banking in the US, England, Europe, and elsewhere, financing governments, managing exchange rates, and supporting economic sectors by using ‘direct methods’ of intervention have been among the most important tasks of central banking and, indeed, in many cases, were among the reasons for their existence. The neo-liberal central bank policy package, then, is drastically out of step with the history and dominant practice of central banking throughout most of its history. Keywords: financing, institutions, central banks, history, development JEL classification: E5, N2, O2 Copyright © UNU-WIDER 2006 * Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts, Amherst, Amherst, MA, USA. gepstein@econs.umass.edu This study has been prepared within the UNU-WIDER project on Institutions for Economic Development: Theory, History and Contemporary Experiences, directed by Ha-Joon Chang. UNU-WIDER acknowledges the...
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...1 POLICY REFORMS AND TRADE LIBERALIZATION IN BANGLADESH I. MAIN FEATURES OF BANGLADESH ECONOMY GDP and its composition. During the fiscal year 2002-2003, the GDP of Bangladesh stood at around $52 billion. The growth rate of GDP has picked up in recent years. Thus, during 1980-90, it grew annually at 3.7 per cent on average, barely above the population growth rate. On the other hand, it approached an average annual rate of 5 per cent during 1991-2002. The relative shares of consumption and savings in the GDP witnessed modest changes during this period. In 1991, consumption accounted for over 86 per cent of the GDP, while in 2002 it fell to nearly 82 per cent. Correspondingly, the shares of savings in GDP rose by a quarter over this period. During the same period, the investment/GDP ratio increased from 17 per cent to 23 per cent. Within this, the ration of public investment to GDP remained stagnant around 7 per cent, while that of private investment increased from 10 per cent to 17 per cent of GDP. Changing sectoral distribution. As indicated by changes in the sectoral distribution of the GDP, the economy of Bangladesh underwent important structural transformations over the last three decades. At independence in 1971, agriculture was the dominant sectors accounting for over 55 per cent of the total GDP. The industrial sector was small, contributing less than 10 per cent of the GDP. The services including transportation and power accounted for the rest of the GDP. The...
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... 2 Agenda 1 2 3 4 Globalization @ SAP and Globalization Services Globalization Strategy Internationalization Localization 5 6 7 © Translation Service Offerings Highlights / Case Studies 2012 SAP AG. All rights reserved. 3 Business Trends That Foster SAP’s Value Proposition 1 Customers don’t want a product, they want to get a job done. 2 Growing speed and scope of global change. SAP offers the best solution portfolio to leverage these trends. With SAP, companies are ready for: Innovation at the speed of each business Transformation from built-to-last enterprises to built-to-adapt business networks Performance optimization closed loop from strategy to execution and back again The challenges of a globalized economy © 2012 SAP AG. All rights reserved. 4 Globalization @ SAP Facts and Figures Globalization is a key differentiator for SAP in a competitive market Global customer base in >140 countries > 60 country version covering legal requirements delivered 39 languages delivered for various solutions ~ 1100 persons are working on globalization topics Strong commitment to customers Enablement of SAP’s customers to continuously run a global solution according to their local/country specific needs Delivery of 1.000+ legal changes per year Globalization Services as Delivery Organization within SAP Representation with local expertise in the majority of market Delivering globalized solutions and services delivered to...
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...MANAGING CULTURAL DIFFERENCES SIXTHEDITION MANAGING CULTURAL DIFFERENCES SERIES Managing Cultural Differences: Global Leadership Strategies for the 21 st Century, Sixth Edition Philip R. Harris, Ph.D., Robert T. Moran, Ph.D., Sarah V. Moran, M.A. Managing Cultural Diversity in Technical Professions Lionel Laroche, Ph.D Uniting North American Business—NAFTA Best Practices Jeffrey D. Abbot and Robert T. Moran, Ph.D. Eurodiversity: A Business Guide to Managing Differences George Simons, D.M. Global Strategic Planning: Cultural Perspectives for Profit and Non-Profit Organizations Marios I. Katsioulodes Ph.D. Competing Globally: Mastering Cross-Cultural Management and Negotiations Farid Elashmawi, Ph.D. Succeeding in Business in Eastern and Central Europe—A Guide to Cultures, Markets, and Practices Woodrow H. Sears, Ed.D. and Audrone Tamulionyte-Lentz, M.S. Intercultural Services: A Worldwide Buyer’s Guide and Sourcebook Gary M. Wederspahn, M.A. SIXTH EDITION MANAGING CULTURAL DIFFERENCES GLOBAL LEADERSHIP STRATEGIES ST FOR THE 21 CENTURY 25TH ANNIVERSARY EDITION PHILIP R. HARRIS, PH.D. ROBERT T. MORAN, PH.D. SARAH V. MORAN, M.A. JUDITH SOCCORSY Editorial Coordinator Elsevier Butterworth–Heinemann 200 Wheeler Road, Burlington, MA 01803, USA Linacre House, Jordan Hill, Oxford OX2 8DP, UK Copyright © 2004, Philip R. Harris, Robert T. Moran, Sarah V. Moran. All rights reserved. No part of this publication may be reproduced, stored in a...
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...The Ethnic Cleansing Of Bosnia-Herzegovina and the International Community’s Failure to Prevent Genocide Brendan McElhaney November 2012 African American Studies 412 War Crimes And Genocide The war in Bosnia-Herzegovina was an intricate and bloody conflict that resulted in the death of as many as 200,000 people.[1] The international response to the war was delayed; the actions of the Serbians against the Bosnians and Muslims were tacitly accepted by the major international players including the United States, Europe, and the United Nations. As U.S. Secretary of State James Baker said regarding the situation in Yugoslavia, “We don’t have a dog in that fight.”[2] This passive view of the situation in the Balkans was also demonstrated by the actions of the European Union, United Nations, and United States early on in the conflict. As the situation in Bosnia deteriorated, the international community took a passive approach to quelling the conflict. This apathy resulted because of involvement in past wars, politics, fear, misinformation, and an overall reluctance to act unilaterally. Only in the face of continued aggression by Serbians did the international community finally intervene and bring an end to one of the worst conflicts since WWII. Yet the ending of this saga actually rewarded Serbian aggression. Through various international mandates, policies, and conventions that were either completely ignored or enforced sporadically...
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...AND DIPLOMACY STUDENT GUIDELINE NOTES GLOBAL POLITICAL ECONOMY MODULE Paste the notes here… Political economy originally was the term for studying production, buying and selling, and their relations with law, custom, and government. Political economy originated in moral philosophy (e.g. Adam Smith was Professor of Moral Philosophy at the University of Glasgow), it developed in the 18th century as the study of the economies of states — polities, hence political economy. In late nineteenth century, the term "political economy" was generally replaced by the term economics, used by those seeking to place the study of economy upon mathematical and axiomatic bases, rather than the structural relationships of production and consumption (cf. marginalism, Alfred Marshall). History of the term Originally, political economy meant the study of the conditions under which production was organized in the nation-states. The phrase économie politique (translated in English as political economy) first appeared in France in 1615 with the well known book by Antoyne de Montchrétien: Traicté de l’oeconomie politique. French physiocrats, Adam Smith, David Ricardo and Karl Marx were some of the exponents of political economy. In 1805, Thomas Malthus became England's first professor of political economy, at the East India Company College, Haileybury, Hertfordshire. The world's first professorship in political economy was established in 1763 at the University of Vienna, Austria;...
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...opposed to their employees and customers. With such unethical practices, it is obvious that a strong impact has been witnessed in economic growth, which boils down to declining capital investments and unemployment for small businesses. Emergence of economic uncertainty can be traced back to WorldCom and e-business sector failure (Luthans, Luthans, Hodgetts, & Luthans 2001). Before the famous 9/11 attack, United States economy was already declining following increased unemployment and reduced consumer spending. This condition was further worsened by the 9/11 attack that resulted in increased uncertainty in economic change (Shaw & Shapiro 2002). These changes have challenged the need for leadership and management at all levels of business focusing on ensuring nothing but absolute success. For leadership and management to achieve these roles, there is need for redefinition from the commonly held perspective. Management and leadership are two terms that are commonly and differently used in small businesses and importantly in rejuvenating a dwindling economy. To some people, these terms are seen as synonyms and hence used frequently and interchangeably. From other perspectives, these words are perceived as two different business approaches. Those identifying these terms as extremes maintain the possibility of an individual being a bad manager and good leader simultaneously. Others have resided somewhere between the terms insisting that while management and leadership inherently...
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