... Management Case ABB ABB's position in the global infrastructure industry ABB has always commanded a large market share in the global infrastructure industry since its establishment, thus attracting the academic and business community. This has been due to its extensive global operations, consistent growth pattern, and its unique organizational structure. ABB's unique corporate structure, sophisticated management as well as its outstanding growth has earned it great admiration from the business practitioners and academics (Belanger et al, 1999).
ABB's organizational structure and its control systems during the tenures of Percy Barnevik and Jurgen Dormann
During Percy Barnevik's tenure, ABB organizatio...
... has a long history of western colonial rule. Its rich history combines Asian, American and European influence. After the Spanish colonization in 1521, it became a walled city comprising of European buildings and churches. It gained independence in 1898. Following the Philippine-American War, the United States brought widespread education to the islands. Filipinos fought with America during the Second World War and after waging a Guerilla was against the Japanese, they regained independence in 1946. Philippines is a vibrant democracy, the 3rd largest English speaking country in the world, and has a population of 76.5 million as of May 2000.
The Filipino characteristic is a mix of various cultures put...
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... Complicating Bernanke's Balancing Act The article expresses the view that it has become more and more difficult and tricky to find the right level of interest rate in the global economy to foster solid economic growth while keeping inflation at bay. The complication comes from the increasing interdependency among nations, because the impact of globalization on monetary policy is not just about how worldwide competition suppresses prices of U.S. products, but more about the market forces that are determined by overseas. The interdependency can be observed from the increasing trade volume between U.S. and Asia, which has doubled in 10 years. The complication increases the chances that the Fed could...
... Policies and Practices: A Case Study of ITOCHU. Summary Having been founded in the year 1858, the ITOCHU hasrisen over time to become a general trading company (sogo sosha) engaging in different lines of business. It currently is engaged in both local and international trade with different product lines; communication and information technology products, textile, oil & energy products, machinery, chemicals metal, human food products and many others. Furthermore, the company made a diversified investment portfolio, with interests in construction, insurance, ware-housing, and finance etc. This is a testimony of business success and strategic investment.
As part of business strategy in the early 2000...
... 20 March Table of Contents S.No Heading Page No Introduction 3 2 Research Hypothesis 4 3 Literature Review
History of Hong Kong’s Housing Market
Ten-Year Housing Programme
1997Hong Kong Housing Market Crash
Lessons Learned during Asian Financial Crisis
The 2003 Property Market Crash
The Application List System
Deflation in Hong Kong
New Stamp Duty Structure of HK
Recent Trends in Hong Kong’s Property Market
Hong Kong’s Long Term Housing Strategy (LTHS)
Need for Early Forewarning System for Real Estate Bubbles
Housing Bubbles in Hong Kong – An Analysis
Private Players in the Housing Market in HK
... the beginning of a new millennium and a new technological era characterized by speed, companies that operate in technologically sensitive fields have to look for opportunities in order to adapt, a requirement for survival. Being merely reactive is not an option anymore. In order to maintain market position companies have to make spectacular efforts and good choices. The competition is fierce and the margin for error shrinks every day with every innovation. Products are alike, offering the same benefits, hence customer choices are many times guided by other principles. The high quality of products is implicit, but never sufficient. Innovations are the key to success in these markets, but they come at ...
... THE PARADOX OF SAMSUNG’S RISE by 06/09 Introduction
The article deals with the rise of Samsung and its phenomenal success from an unknown entity to a world leader. Samsung faced a variety of challenges when it tried to implement western thoughts and methods into a primarily Japanese culture and company. Samsung has been successful in mixing western business practices with an essentially Japanese business system. We will now try to evaluate the hindrances and the facilitations which were provided by the Japanese national culture as well as Samsung values and the organizational culture as the company tried to move forward into new avenues of growth.
1) Dependence on Internal Labou...
... of Reformasi and Democratic Transition in Indonesia Table of Contents Table of Contents ii Introduction Brief History of Indonesia Pre-Reformasi Indonesia: 1945 to 1998 2
Political Assessment 2
Economic Assessment 4
Social Assessment 5
Asian Financial Crisis (1997-1998) 6
Objectives of Reformasi 7
Political Reforms 7
Social Reforms 8
Economic Reforms 8
Assessment of Reformasi (1998-present) 10
Political Changes 10
Economic Changes 12
Social Changes 13
This paper is a discussion and assessment of Reformasi and the democratic transition in Indonesia, currently undergoing the process of political, social, and economic changes brought about by the end of the au...
... Introduction Property as investment has always lured individuals and organizations as it represents an image of being solid and dependable. This ishowever a generalization as there are various aspects involved in such decisions.
Foremost among the reason for investing in property is safety. It is perceived that while all other types of investments can erode in value, the nature of property is such that its intrinsic value is never diminishes. The value may reduce over a short period but it always bounces back and indeed in the long run continues to rise.
This perception holds true subject to certain conditions. An investment requires a medium of exchange and that is usually money. Money is a deterio...
... has reforming the International Financial s been proposed in recent years and what are the primary obstacles to proposed reforms? Two international organizations of significance emerged along with the United Nations, after the Bretton Woods conference in 19441. These were the International Monetary Fund (IMF) and the International Bank for reconstruction (IBRD). The prime objective of setting up these institutions was to ensure global financial security and to provide development aid to the needy countries. Through last 65 years of their existence these global institutions lectured the developing countries (who are the principle recipients of their aid) on the benefits of structural reforms. The...
... OF THE LEVEL OF DEVELOPMENT IN HONG KONG, CHINA Why Hong Kong At the age of five, my sole ambition in life was to become a Kung Fu master, having been inspired by the awesome legend Jackie Chan. At that time, I had no idea what was his native country, my interest being in his impressive on-screen stunts. Somewhere along the way, my career ambitions changed, but my fondness for Chan stayed, and in the process fostering one for his home country Hong Kong as well.
Hong Kong makes a captivating case study in tracing the economic development of an economy, which in under a century has been transformed into an industrialized and 'developed' one. What factors have contributed to her rapid grow...
... (a) What were the reasons for, and what are the claimed advantages of, the adoption in Australia of international financial reporting standards (IFRSs).
International Financial Reporting Standards (IFRS) are geared towards the need of accounting standards that meet the international economies. These standards are the core to provide effective reporting that will make investors feel comfortable with the information and eventually with the business as accountability will be easy and corporate governance will gain the confidence of the stakeholders. All of these factors may be considered to be the backbone of making and developing economic growth in modern market economies (Antill & Lee, 2005).
... IFRS and the Accounting Standards The International Financial Reporting Standards (IFRS) is a set of framework that aims to standardize the reporting system for the accounting profession. It was established just recently, and accordingly, many countries have adopted it due to its purported aim of “improved transparency of financial reporting” (KPMG). The IFRS uses and recommends the use of a standard set of framework, sort of a new language to communicate financial reporting, as explained by KPMG. KPMG said that IFRS “represents a complete change in the language of financial reporting”. IFRS aims to provide a set of standards in financial reporting that is accurate, truthful, and a fair...
... The economists define money as something that serves as a medium of exchange, a unit of accounting, a standard for deferred payments, anda store of value. As a medium of exchange, money can be used as an intermediary for trade that helps remove the inefficiency of barter system. As a unit of account, money serves as a standard numerical unit for measuring the value of goods, services, and other transactions. As s standard for deferred payments, money must be usable to settle debts at the future date. As a store of value, money must be able to be saved, stored and retrieved at a later date and be predictably useful when retrieved. Further, economists use different level for recognizing money (like...
... and Acquisitions Three large mergers acquisitions have been in the news the past few years which are the Time Warner - American Online merger, the KIA - Hyundai merger, and the US Airways - America West Airlines merger. The mergers were completed for financial reasons yet there were different strategies as well as financial outcomes for each merger. This paper will show the facts of the merger and the particulars in why they occurred also showing the strategies and financial outcomes for each of the corporations involved.
Mergers and Acquisitions
Recently there have been three mergers or acquisitions which are the Time Warner - America Online merger, the KIA - Hyundai merger an...
... Business Strategy Table of Contents SECTION A 3 Question 3 SECTION B 6 Question-2 6 Question-3 10 Reference 14 Bibliography 14 14 SECTION A Question-1 In 2006, Anthony Salim wants his Group to operate flexibly “in order to capture whatever opportunities may arise ... on the axis between Australia, ASEAN and China” (case p. 2). Using module theory and evidence from the Salim Group case study, critically evaluate his chances of success. Indonesia’s one of the oldest and the largest conglomerate company, Salim Group has experienced a many ups and downs since its inception. In order to understand the basic culture of Salim Group, it is necessary to trace its history. The understating of internal culture ...
... Banks and Profitability: An Empirical Analysis based on Indonesia By [Presented to] of LITERATURE REVIEW Introduction The literature review is based on the analysis of the Islamic banks and profitability in the context of Indonesia. For this purpose, the discussion is based on the underpinning of Indonesia and its economy, bank regulation in Indonesia, banking industry, and financial crisis in a critical manner. This will help in dealing with the research issue in a significant way. Indonesia: History In the early 60s, the economy of Indonesia deteriorated drastically as a result of huge political instability embedded with a young and inexperienced government and economic nationalism that marked...
... MARKETS AND S An economic system is heavily dependent on financial resources and transactions provided by financial markets and institutions. Nations are evaluated based on their economic efficiency and sustainability, which rests in part on efficient financial markets. This paper will define what financial markets and institutions are and their implication in an economy particularly in a largely consolidating world market.
What are Financial Markets and Institutions
Financial markets "consist of agents, brokers, institutions, and intermediaries transacting purchases and sales of securities." The individuals and institutions operating in the financial markets are linked by contracts and communication...
... Head: Global financial Crisis and the Regulation of Financial Accounting Global Financial Crisis and the Regulation of Financial Accounting [Writer’s Name]
Global Financial Crisis and the Regulation of Financial Accounting
Introduction & Research Background
Many financial experts do agree that the current global financial crisis is worst since the great depression of 1930s. This crisis came on the during the mid 2007 when the US economy ran into trouble due to the shortage of liquidity in their banking system, collapse of major financial institutions, bailout packages by the government to save the ones that were about to get bankrupt. Moreover, the disintegration of the housing bu...
... Reasons for the recent global financial crisis Introduction The cause of the recent financial crisis and economic recessions has been attributed to various factors in the economy (Freedman 2010). The initial trigger of the financial crisis has been traced to the toxic mortgage backed assets whose decline in value and uncertain duration led to massive losses in the U.S economy. Fannie Mae and Freddie Mac were both taken over by the US government. Lehman Brothers was declared bankrupt since it could not increase its capitalization (Joseph 8). Merrill Lynch was bought by the Bank of America while American International Group (AIG) was rescued by the Federal government through an $ 85 billion capital...
... Head: MNC IN JAPAN AND SOUTH EAST ASIA MNC in Japan and South East Asia [The [The of the MNC in Japan and South East Asia
Japan's extraordinary economic achievements during the post-world war II period inspired awe throughout the world. In the course of three decades, Japan transformed itself from a war-devastated country, whose industrial recovery cantered on the production of "cheap gadget" and light consumer goods, into an affluent and technologically sophisticated global industrial leader. In trade, Japanese export successes have contributed to expanding surpluses in the country's international accounts since the 1970s. These huge surpluses have been invested abroad, creating a huge ...
... Head: Growth of Asian Cities Growth of Asian Cities [Institute’s Growth of Asian Cities Introduction Asia, the largestcontinent in terms of area, population and GDP (PPP), is home to over 4 billion people of the world. The 48 countries which are a part of Asia consist of hundreds of cities, some of which are amongst the most advanced, highly populated, dense, economically progressive and powerful cities in the world (Roy & Ong. 2011, pp. 79-80). Tokyo, Shanghai, Karachi, Mumbai, Seoul, Beijing, Istanbul, Moscow, Bangalore, Singapore, Jakarta, Kuwait and others are just a few examples. This paper is an attempt to document the growth of Asian cities over the past few decades in terms of their...
... An essay reviewing the literature relating to Investment opportunities and risks in stock markets: A comparison between emerging and developed economies Introduction Trend of investment in the developing countries has increased in magnitude over the past few years. Analysts have found that higher incidences of investment are being found in the emerging countries. The concentration of the Equity Portfolio Flows (EPF) is the highest among a cluster of emerging economies, Latin America being the biggest destination for foreign investors (Claessens, 1993). With the EPFs emerging as a vital source of capital inflow for the developing countries, an array of issues arises regarding this pattern of...
... and Bust: The Role of Mergers and Acquisition in Banking during the recent financial crisis The present study is a review of literature related to merger and acquisition taken place during the recent financial crisis and its role or impact on various factors and stakeholders related to it. The secondary data has been collected from books, journals and online articles for the purpose of analytical review to present the scenario in detail and scientific manner. Though the present study is a literature review intended to focus only on the merger and acquisition in banking sector during the recent credit crisis, most of the information has been collected from previous works and an attempt has been made...
... Economics Causes of the Economic Recession Table of Contents 1.0 Causes of Economic Recession 3
1.1.1 Financial Crisis 4
1.1.2 Currency Crisis 5
1.1.3 Energy Crisis 6
1.1.4 Wars 7
1.1.5 Under Consumption 8
1.1.6 Over Production 9
2.0.0 Great Depression 9
2.1.0 Countering the Great Depression 10
2.2.0 Modern reforms to deal with Global Economic Recession 11
2.3.0 The better option for global economic crisis 12
1.0.0 Economic Recession
An economic recession is a slowdown in the activities that are concerned with the economy of a country in a general definition. The economic activities slowdown is experienced in a country over a period of time. Currently, the world economy is undergoing...
... lending: Effects on Housing Crisis in United s I. INTRODUCTION Subprime lending or mortgaging gained breaks in the early 1990’s and in the 2000’s in United States. Scholars have indentified the causes and effects of the rise and fall of subprime borrowing in both incidents. One of the occurrences that are linked with subprime lending in the United States in the present decade is the housing crisis. This paper tries to identify the linkage between subprime lending and housing crisis by pointing out the effects and implications of subprime borrowing to the occurrence of housing crisis. In order to clearly understand the nature of subprime lending, this paper also provides a background of the subprime...
... Money and capital Markets. Evaluate the potential and possible consequences of a systemic financial crisis Introduction This paper seeks to analyze and discuss the potential and possible consequences of a systemic financial crisis? In this paper we will address the issues on whether the UK stock market is overvalued. We also see the application of the following theories such as Gordon growth model, p/E ratio, Tobins q and Efficient market hypothesis by critically evaluating these models in terms of relevancy to the issue of overvaluation of the stock market. The last part of paper decides whether there is truth to overvaluation and whether said overvaluation is true. It must be stated the paper will ...
... The onset of the Great Recession of 2008 marked a turning point in the economic paradigm that many countries across the world were following till then. Since the crisis was global in nature spreading rapidly across the world due to the interconnected nature of the global economy, responses to the crisis from individual countries varied according to their unique economic conditions that were prevalent in those countries. This was because of the structural nature of the crisis which prompted responses from the countries in different manners since the economic structure of each country varies due to the way in which the economies are ordered (Vogt & Leuschel, 2011, 15). This paper considers the...
... Oil Industry and Its Impact in the Economy Introduction: Economics is a social science which essentially highlights the interrelatedness of every sector in the economy. It can be noted that movement in any economic variable has a great impact and implication in the economic performance in the nation. In return, economic growth is measured by the aggregate developments and changes in the different sectors.
Macroeconomics further stresses this interrelatedness. Macroeconomics is the field that studies aggregate behavior. It deals with the sum of individual decisions of each sector and their implications in the larger economy (Macroeconomics 2005). From here, we can conclude that the functioning of th...
... Invasion Refers to the strategy of the United Nations forces to invade the Korean peninsula behind the lines of the North Korean forces as a means of performing a massive flanking maneuver
2. Represented the largest amphibian invasion since D-Day
3. Was an astounding and resounding success
4. Forced the North Korean forces rapidly back and allowed the United Nations forces to retake Seoul within but a few short days
1. Refers to the geographic delineation that the North and South Koreans, as well as their allies, came to understand as the boundary that would separate the two Koreas
1. Currently is one of the most tense places in the entire globe with both sides staring each oth...
... HOW HAS CHINA'S OUTWARD FDI DEVELOPED AND WHAT BUSINESS GIES DOES IT SERVE? by of the of the of the School City, State 13 May 2013 The Development of China’s Outward FDI Prior to 1979, China’s Foreign Direct Investment (FDI) and foreign loans were notably small. The economy of China had previously “leaned toward a Soviet-style central plan economy with an internal focus on heavy industry and closure to international economic relations” (Voss, 2011, pp. 56-57). This changed in July 1979, when the National People’s Congress enacted the ‘joint-venture’ law that provided a legitimate structure for FDI by permitting external investors to form fair play joint ventures with Chinese partners (Zheng, 2013)....
... Company Analysis The Rise and fall of LTCM Hedge fund and mutual funds The hedge funds and Mutual funds are managed by the portfolio, whereby a group of managers selects securities that are expected to perform well, and they are gathered, in a single portfolio, and portions of the funds are sold to investors. In fact, the main advantage of mutual and hedge funds to the investors relates to acquiring instant professional management and diversification of their money. Therefore, the paper will discuss issues related to rise and fall of Long Terms Capital management (LTCM), identify whether there are certain investors to whom hedge funds might be suitable and identify whether there are other resent...
... Financial Integration Global financial integration on one hand implies the deregulation of the domestic financial market and the opening up tothe international trade and capital movement of an economy and on the other hand it implies integration of the domestic financial market of the economy with the global financial market. International financial integration have tremendously helped the foreign players to reap the gains of economies of scale by reducing managerial inefficiencies and sophisticated use of more advanced and improved technologies in the production line. The global integration in the financial market has given the opportunities to the investors to diversify the risks and to access the ...
In the context of globalization and increased competition among the multinational companies, the fight for market share both in domestic as well as in international markets is very intense. Identifying the opportunities is the key to success. The “New Management Initiative” started by then president Lee has helped Samsung to perform well during the Asian Crisis. Corporate restructuring, major resizing of the organization increased emphasis on manufacturing through vertical integration, technological leadership in consumer electronic goods is the key strategy framework that helped Samsung to increase the sales revenue and profitability of the organization. Reinvestment of profits in R&D,...
... Head: WTO EFFECT ON TAIWAN WTO effect on Taiwan WTO effect on Taiwan Introduction Financial internationalization has been a prevailing trend in the global financial scene since the 1970s. Countries vie for an upgrade in their competitiveness by integrating domestic financial markets with foreign ones. Although financial internationalization covers a wide range of issues, the opening of the capital account is undoubtedly the most complex and the most controversial. This is mainly because capital account liberalization allows capital to move freely across borders, which may erode the stability of the stock market, foreign exchange market and money market, which in turn makes it more difficult for the...
... Unsuccessful Attempts to End Deflation Introduction Japan’s unsuccessful struggle with deflation over the last twenty years has shown how costly deflation could be for any economy, especially if economic conditions at the time are unfavourable. Nishizaki et al (2014: p27) note that while price levels do decline temporarily in developed economies as part of normal re-establishment of equilibrium, Japan has found it hard to recover from such a decline for many reasons, including bad debt burdens and the daunting task of restructuring its economy. This inability to reverse the decline in price levels, in turn, has led to a cycle of recession and the evolution of deflation. Some of the treatments that...
... Systems Democratic Peace Theory or simply DPT is based on international relations, politics, and philosophy. It binds the democracies into a liberal one and helps to maintain peace among those liberal democracies. Furthermore, its philosophical ideology is deeply rooted in the theories of Immanuel Kant. Kant opined that people love peace and it can be acquired under a constitutional republic, people are against war, and in favor of peaceful co existence with other countries.
The modern theories on DPT points out: democracies are against war and bloodshed. Mikkel Vedby Rasmussen in the work ‘The West, civil society, and the construction of peace’ points out that: “According to the theory, democracy i...
... Kun Hee Lee May 14, 2008 Re: case: Samsung Electronics Company: Global Marketing Operations Analysis Feedback from the case reader
From a writing style perspective, the first paragraph says "Problem Statement", but you do not state the problem in that paragraph.
Perhaps you can provide more data / backup to support your statement that Samsung products are unreliable.
In the third paragraph, you suggest having a better management team. But, this memo is addressed to the current management team! This sounds like quite a bold statement to make to the boss.
The first recommendation doesn't seem to make sense. The company cannot "introduce new preferences" to customers.
Looks like there is the opportunity...
... Business: The Global Marketplace
Globalization is a mere abstraction to some. For people who have been affected by it, globalization is a vital issue because of the broad scope and long-term consequences that it implies. Some trading businesses and the people they employ benefit from increasing volume of trade and foreign exchange earned. Others lose their jobs because their employer could not cope with the competition posed by cheap foreign imports. Some people have wondered what the Seattle protest demonstrations were all about. This paper seeks to study the origin, as well as the forces of globalization, and the contrasting views on the subject, with a view to determining their pr...
... GLOBALIZATION REALLY ‘BENEFIT EVERYBODY,’ AS MANY OF ITS LEADING ADVOCATES CLAIM? By Executive summary
As known, globalization is the process, through which the integration internationally arises from the trade off of products, ideas, world views as well as other aspects of culture. Progresses in movement together with telecommunications infrastructure, plus the coming of the telegraph and its posterity the internet, are some of the key features in globalization, creating supplementary interdependence of cultural and economic activities. Some scholars say the origin of globalization can be seen from the modern times. However, the origin can be when Europeans had not even yet done their discoverie...
... Financial systems of South Korea Financial Systems of South Korea In 1961, the president of South Korea, Park Chung Hee, tookcontrol of the country’s economy by centralizing all the power and making all the banking and other financial institutions to be directly under the government. This though changed in the 1980s when the government started liberalizing the banks but individuals were not allowed to purchase shares directly from these institutions. In the late 1980s, South Korea had a well established banking system as well as a securities market (Goldstein, 1998). South Korea established a central bank in 1950 that was given the mandate of regulating all the other banks in the country, printing...
... Financial Crises: A Retrospect "I believe one fundamental reason for the crisis is that the political system of the world and the economic system of the world became totally out of phase with each other"
Henry Kissinger, 2009
The twentieth century was marked by great political progress, industrial and technological advancements, and a heightened sense of social consciousness. Along with these great leaps forward came nationalistic instability, increased militarism, and periods of economic turmoil. Economic crises were felt at the local, regional, and global level as the nations of the world moved to adjust to an ever-changing environment of monetary standards. The global depression of 1932 caused nat...
... multinational corporations more accountable to the global public than international s such as the World Bank and the International Monetary Fund?
IMF has created an immoral system of modern day colonialism 3
IMF serves Wall Street and only developed countries 4
Development model of IMF is fundamentally flawed 4
IMF is a secretive institution with no accountability 5
IMF policies encourages only corporate welfare but not public welfare 5
IMF hurts workers 5
The Commonwealth Bank of Australia 6
The policies of the International Monetary Fund and the World Bank have the systematic power of democratic principles and have eroded human rights p...
... Introduction The global economy is affected by the world financial and economic crisis that has become harsh since the mid of 2008. This crisis is as a result of the introduction of the subprime mortgage issues in the United States that manifested in the mid of 2007. Europe was the first place to receive the impact of subprime mortgage crisis, but the effect spread in the rest of world afterwards. Justin and Boris (2011) indicate that the East Asia would not resist the impact that was affecting most of a global economy. The subprime mortgage crisis in the United State was more severe than the great depression because several assets and derivatives had been purchased and sold in the unstable market....
... South Korean Chaebol System
From the 1970s to the 1990s, South Korea has experienced an unprecedented economic growth never before seen in its history, which many eventually called as one of Asia’s economic miracles. The Korean economy has grown drastically during the last three decades, characterized by the annual gross national product (GNP) growth rate of 9.4 per cent on average from 1963 to 1993 – the fastest in the whole world compared with either the developing countries in the same period or the developed countries in the nineteenth century (their early developing period). (Shiba and Shimotani, p. 31) (See Appendix 1) The chaebols or the chaebol system is seen as the main driver for this econ...
... The US Trade Deficit OUTLINE Introduction US trade deficits Causes of US trade deficits Importation of petroleum products Protectionism Remedies I. Introduction In January 13, 2012, the United States Bureau of Economic Analysis and the United States Census Bureau, through the department of Commerce, reported the total exports in November as 177.8 billion dollars and total imports as 225.6 billion dollars for the month of November 2011, resulting to a trade deficit of 47.8 billion dollars (BEA). This was an increment of approximately 4.6 billion dollars from October the same year. The value of the US trade deficit is positive when the total services and goods imported by the US exceed the total...
... Politics and Financial Turmoil: Asia’s Banking Crisis” by Shanker Satyanath – A Book Report 2008 Globalization essentially involves free movement of capital across national barriers. This, while bringing about productivity increases and economic growth, has also often resulted in financial crises. In the book, “Globalization, Politics and Financial Turmoil”, Shanker Satyanath describes the experience of East Asia during the financial crisis of 1997-98, when some of countries in this region was subject to a situation that has been equated to the Great Depression in America and Europe of the 1930s. Satyanath postulates that developing democracies experience such crises mainly because there is a...
... Markets and their Effects on the U.S. Economy This paper discusses currency markets, how they operate, and how they affect the economy of the United States. The specific cases of two foreign currencies - the Euro and the Japanese Yen - and the impact of their movements on the U.S. economy are analyzed to provide a clearer picture that would facilitate the understanding of the theory.
Although the term "currency" is synonymous with "money" that is a medium of economic exchange, what would be discussed in this paper is the currency market, not the money market. The reasons for this distinction will be explained below.
A currency market, like any other market, is a place where curr...
... Focus: Japan I. Overview Japan gained its as one of the most prominent countries because of its economic performance. Currently, Japan is the second largest economy in the world. The country is also known as one of the world's leading economies and a major economic power because of its place in international trade. Japan is named the sixth largest exporter and importer among other nations.
The Japanese characters making up Japan's name literally means "Land of the Rising Sun" referring to its eastward position relative to China. The country is composed of 3,000 islands the largest of which are Hokkaido, Honshu, Shikoku, and Kyushu. The country is famous for its mountainous islands and volcanoes. M...
... During the 50s in the previous century, China was far much behind globally in making ocean liners. The developmental advances of the Chinese ship construction domain have rather been spontaneous a few decades ago. By 1980, China was ranked at position 17 on global dimensions in the production of ships. The Chinese company was evaluated at 200,000GT. As time went by the Chinese ship company surrogated German taking the third position with 5% market share globally. At this time in history the Chinese company has the capacity to construct types of ships except the glide ship. The chief products of the Chinese ship manufacturing consist of large sized carriers and oil tankers. China has 70 shipyards...