rising dramatically and liquidity drying up, these events have been dubbed the worst financial meltdown since the Great Depression in 1930s. More importantly, the shock waves from the US financial market have spread throughout the globe, with many countries on the brink of recession (see Figure 1, Appendix). How did a “house fire” in America turn into a global banking crisis? Sub-prime mortgages are a financial innovation designed to provide home ownership opportunities to borrowers in the U.S
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Brief Background of Thailand’s Political Unrest The 2013-2014 Thai political crisis was a period of political instability in Thailand. Anti-government protests first took place to remove former prime minister Thaksin Shinawatra who locals viewed as highly corrupted and damaging to Thailand’s democracy. From November 2013 to May 2014, demonstrators obstructed the traffic and destroyed infrastructures to call for the resignation of Yingluck Shinawatra and her government. On 8 December 2013, all
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percent in 2014. Such growth translates to $211.3 billion of revenue—the highest recorded total revenue for the industry (Consumer Electronics Association [CEA], 2014a). Mobile connected devices remain the top revenue drivers of the industry; particularly, smartphones and tablets represent 35.1 percent of the industry’s total revenue in 2014 (CEA, 2014a). Nevertheless, even with the industry’s revenue reaching all-time highs, the consumer electronics industry is experiencing slow growth. Compared to 2011’s
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Chapter 1-Economic Factors Throughout this chapter I shall be investigating Rolls-Royce and how their operations are influenced by the UK and Chinese economies. I shall also be contrasting the challenges faced by them in two different business environments. Introduction to Rolls-Royce Rolls-Royce (RR) is a renowned, prestigious car-manufacturer and more recently aero-engine manufacturing company. They were founded by Charles Stewart Rolls and Sir Frederick Henry Royce in 1906, resulting from a
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Positive effects: economic growth and reduction of poverty "Per capita GDP growth in the post-1980 globalizers accelerated from 1.4 percent a year in the 1960s and 2.9 percent a year in the 1970s to 3.5 percent in the 1980s and 5.0 percent in the 1990s. This acceleration in growth is even more remarkable given that the rich countries saw steady declines in growth from a high of 4.7 percent in the 1960s to 2.2 percent in the 1990s. Also, the non-globalizing developing countries did much worse than
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religion is taking a different, more privatised form. She explains this by giving the example of that people no longer go to church because they feel they have to or because it is respectable to do so. She says that although churchgoing has declined it is simply because attendance is now a matter of personal choice rather than the obligation it used to be. As a result there is believing without belonging, where by people hold religious beliefs but don’t go to church. Therefore the decline of traditional
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INTEGRATED CASE STUDY Case 12.4: Surfer Dude Duds, Inc.: Considering the Going-Concern Assumption* *This case was prepared by Mark S. Beasley, Ph.D. and Frank A. Buckless, Ph.D. of North Carolina State University and Steven M. Glover, Ph.D. and Douglas F. Prawitt, Ph.D. of Brigham Young University, as a basis for class discussion. The case was inspired by discussions with Craig Isom, a former audit partner, and we gratefully acknowledge his contribution to its development. Surfer Dude Duds is a
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University of California, Davis, 1 Shields Avenue, Davis, California, USA 95616 (phone: 530-752-1529; fax 530-752-5614; e-mail: alex@primal.ucdavis.edu) INTRODUCTION It is a great honor to be invited to give the CAES Fellow’s Address in my home country, to give it on the 400th Anniversary of the founding of Quebec and to do it in Quebec City. The topic given me is current, topical and emotional. Food prices are always controversial, either too high for consumers or too low for farmers and often
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disruptions in financial markets characterized by sharp declines in asset prices and firm failures (11). The global melt down of 2007-08, the Great Depression of 1929 and South Asian crises of 1997 tested the efficiencies of concerned regulatory authorities across the world. Financial crises moves like cyclone and spirals down to all connected economies (13). Whether financial crises emerges in the developed countries or in the developing countries, the history witnesses that it has invariably led concerned
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as developing countries because it saves people time, reduces costs and people have access to all banking services on the click of a button. More often, the new innovated system allows the customers to touch their accounts at home using a mobile device or electronic terminals. This research paper focuses on growth and awareness of electronic banking in Pakistan. Electronic banking is today’s need as it provides easy way to monitor an account. Most of the commercial banks in the country switched to
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