Capital from Industrialized Nations to less Leveloped and Emerging

Capital from Industrialized Nations to less Leveloped and Emerging Capital from Industrialized Nations to less Leveloped and Emerging Markets – Case Study Example ï » ¿ WHETHER CAPITAL GENERATED IN THE INDSTRIALIZED CONTRIES IS FINDING ITS WAY TO LESS DEVELOPED AND EMERGING MARKETS Abstract This report examines the debatable issue of whether capital flows from rich to poor nations or not. The trends show that this is not happening. On the contrary, the capital flows from poor to rich industrialized nations, which is quite disturbing. Thus, the report shows that poor nations are financing rich nations contrary to economic predictions. Though a clear-cut, distinction is not possible between emerging and less developed nations, the trend shows emerging markets financing industrialized nations. Whether Capital Generated in the Industrialized Countries is Finding its Way to Less Developed and Emerging Markets? 1. Introduction The question of whether capital generated in the industrialized countries is finding its way to less developed and emerging markets has been a highly debated issue among economists. According to standard economic models, capital should flow from rich industrialized nations to poor developing nations because of financial globalization, assuming a neo-classical production function with diminishing returns due to the higher returns of capital in developing countries (Krugman, 1993). At the same time, many economists like Lucas (1990) have shown that in reality, capital flows from rich to poor countries contrary to the economic theory predictions. This report discusses this issue in detail based on the reports collected from World Bank, OECD, EBRD, IMF and UNCTAD. 2. Relative Movements and Magnitude of Global Capital Investments According to the reports by World Bank (2009), the net private capital inflows have shown tremendous decline in 2008 to $707 billion from $1.2 trillion in 2007 .At the same time net capital outflows increased to$244 billion in 2008 from$190 billion in 1997. Among the private capital components, net FDI, Portfolio and remittance capital outflows have shown significant rise while the net inflows of these components show declining trend. The reports by World Bank (2009) and OECD (2009) show that among the developing nations, emerging nations1 had the most significant decline in net private capital inflows. At the same time, the net official inflows to developing nations have increased in 2008(World Bank, 2009; OECD, 2009). The largest recipients of these have been Africa while the largest donors have been the United States, Germany, the United Kingdom, France and Japan. The relative share of industrialized and developing nations based on IMF data shows that contrary to the predictions of economic theory, on average industrialized nations are both the major donors and the major recipients of net private capital flows from 1990 to 2008(88 percent and 84 percent respectively). For the components of private capital flows like FDI, Portfolio flows also, the trend remains the same (IMF, 2009a; UNCTAD, 2009). In the case of FDI, which is a major component of private capital flows, UNCTAD(2009) statistics shows that USA remain the major recipient while the major sources of the inward FDI to USA has been the emerging markets like China(EBRD,2009). Among the developing nations, the emerging nations and the less developed nations have almost the same share of inward FDI, the emerging nations have high share of outward FDI compared to the less developed nations and is even equivalent to the world total outward FDI(UNCTAD, 2009). 3. Conclusion The discussion here shows that capital generated by the industrialized nations are not finding its way to less developed and emerging markets. On the contrary, the reverse trend is seen i.e. the capital flows from developing nations to industrialized nations. Among the developing nations, emerging nations are the major source of outward FDI. However, the distinction between the emerging markets and less developed nations is not very clear-cut. This is because many of the emerging markets are also characterized by features like political instability, strong currency turbulence and high foreign debt, which are the characteristics of less developed nations. Hence they are sometimes called less developed nations also(Fuss ,2002) Thus, a trend of poor nations financing the rich is seen which is against the standard economic theories and favouring Lucas (1990) predictions, which is quite disturbing. References European Bank for Reconstruction and Development (2009): â€Å"Transition Report 2009† (online), ebrd.com/pubs/econo/tr09a.pdf- 7816.8KB, Accessed October 2009. Fuss R (2002): â€Å"The Financial Characteristics between Emerging and Developed Equity Markets†(online), www.ecomod.net/conferences/ecomod2002/papers/fuss.pdf, Accessed December2002. International Monetary Fund (2009a). â€Å"International Financial Statistics†. Washington, 2009. International Monetary Fund (2009b). â€Å"Glossary of Selected FinancialTerms†(online),imf.org/external/np/exr/glossary/showTerm.asp#97, Accessed October 2009. Krugman, P (1993). â€Å"What do we need to know about the International Monetary System?† Princeton Studies in International Economics 190, International Economics Section, Department of Economics, Princeton, New Jersey, U.S.A: Princeton University. Lucas, R. (1990). "Why Doesn't Capital Flow from Rich to Poor Countries?" American Economic Review 80: 93-96. OECD (2009): â€Å"Investment News 2009†, June 2009, issue 10, Paris: OECD. World Bank (2009): â€Å"Global Development Finance†. Washington, World Bank. United Nations Conference on Trade and Development (2009): â€Å"World Investment Report†, New York and Geneva: United Nations

Organization communication and behavior (Australia) Essay

Organization communication and behavior (Australia) - Essay Example People tend to disregard the purpose of their organization after a certain period of time in the quest of expanding, inventing new products and to gain larger market share. They create products or offer services that are absolutely unrelated to their core business. This can be a disaster! Drifting away from one’s mission statement gives a reason to the public to doubt that organization, its abilities, potential, competencies and its plans. It is the mission statement on the basis of which organizations devise their long term goals and strategies that are essential for organizational success. It generates a state of direction and creates synergy, aiding performance evaluation of the company to seek the extent till which it is aligned with its core objectives. A mission statement provides the basis for planning, motivating, coordinating and controlling activities within an organization. Abiding by the mission statement the company decides upon its long term strategies not deviat ing from its core purpose. These strategies may include expansion strategies, acquisition, product development and market penetration strategies etc. All of this is done in context in the presence of a mission statement. It helps to reaffirm what a firm is striving to achieve and how. One should always keep the mission of the corporation in mind because straying away from it can be catastrophic as it creates doubts in the minds of the consumers which can lead to destroyed business and can leave irreparable damages to the reputation of the company. An ideal mission statement should be inspiring to employees. It brings motivation within staff as their purpose crystallizes and they see their value of contribution. It is the first step to consider while deciding upon the strategic management model for the company. It is when we state our purpose and desired future we are more likely to achieve it. It’s not that an organization cannot alter its mission statement with time. As chan ging era and trends bring about new needs and requirements that the company has to respond to. Demands brought up by the changing environment and business needs have to be addressed in the interest of the organization itself. They cannot be overlooked or ignored because they have the tendency to destroy the organization and make it obsolete. So, with time as demands of the customers change the company has to also alter its vision and mission, policies and business processes to adapt to those changes. Hence an organization may make changes to its mission as the need arises. However, very frequent and big changes made to the mission may cause confusion and doubts in the consumers mind. A company that is confused about its purpose of existence seems to be unreliable and is criticized. Multiple alterations to the mission and purpose weaken the reputation of the company and reduce its employee morale. Robert Kiyosaki in his book Rich Dad, Poor Dad tells us â€Å"The process is always th e same. You need to know what you’re looking for and then go look for it.† B. Vision and mission are the manifestation of a firm’s strategy. They are the most obvious reasons represented in the form of statements that a firm proposes as a reason for its existence. There has to be a unanimous belief so everyone in the organization has a single direction to work in. Mission and Vision is for everyone to read and understand the reason for the firm’

Chapter 8 summary-business ethics Term Paper Example | Topics and Well Written Essays - 1250 words

Chapter 8 summary-business ethics - Term Paper Example Moreover the concepts of business ethics have been successfully illustrated with many of the examples from business world. A person becomes liable to a firm when he signs the contract at the first place when he is employed. A contract that is signed at the time of hiring sets the rule for an employee. The rules must be followed by the employee in any case because it is agreed by both the parties. An employee is liable to reach certain targets in order to get fair remuneration. The clauses of a contract not only includes the framework that is supposed to be followed by an employee but it further includes even the smallest matters such as holding the prospects regarding dresses clearly. There is always a combination of comments and acceptability when it comes to loyalty towards the company from an employee. Some of the writers of business ethics believe that an employee needs to be highly loyal to the company whereas on the other hand it is believed that there is a non acceptance of the fact that loyalty should be exercised to the diminished social life of an employee. It is quite depending upon the nature of the job and what type of the organization would an employee would be working. There are some of the jobs nature that require over times. The need of defending the interest of an employer is far more significant and required than just being loyal to the company. There could be a certain points and instances where the interest of an employee would surely collide with the interest of an employer. In this chapter, the issues between the interest of employee and employer have been referred to conflict of interests. The conflict of interest of could be in terms of employee’s desire of wearing clothes the way he wants, coming late at work or could be a conflict in the attainment of remuneration. The conflicts could be solved for sure but there could be instances where the conflicts would be unacceptable for the company

Im the King of the castle by Susan Hill Essay Example for Free

Im the King of the castle by Susan Hill Essay Im the King of the castle by Susan Hill is a chilling tale of a childhood bully. The story tells the tale of how a boy called Kingshaw is driven to suicide by his companion Hooper. Kingshaw and his mother moved from their rented apartment in London to Hoopers cold and evil home the Warnings so Mrs. Kingshaw could provide company for Mr. Hooper and a mother role for Hooper while her son Kingshaw could provide a companion for Hooper to make a friendly family home. The parents are very superficial both lacking their partner for many years and they both lacked the ability to show their love to their children. Instead of showing their love they turned a blind eye to the bullying of Kingshaw and pretended that every thing was fine because their relationship was becoming closer. Little did they know that the closer they became the more chilling and frightening the relationship between Hooper and Kingshaw became. Early on in the book Hooper and Kingshaw learn their roles of Bully and victim respectively and throughout the book the story relies on the balance of power between Kingshaw and Hooper. In my opinion the story Im the King of the castle revolves around hate, cruelty and isolation. Before Kingshaw came to Warnings Hooper and him were both happy but the parents were alone, as the parents became closer and grew to love each other Kingshaw and Hooper grew to lean their roles as Hooper was not an experienced bully and Kingshaw was not experienced at being a Victim to torment and isolation. Even though the final tragedy of the death of Kingshaw is mainly down to the torment of hopper the parents failures contributed to the final tragedy a great deal, as many of their failures were fatal. Both parent did not know how to bridge the chilling gap between them and the children, neither want to show their love as they are to self absorbed and neither wanted or even tried to provide stability. Even though Im the King of the castle was quiet depressing I enjoyed it nether less because I found the story very moving and alarming. I thought the book was very well written and it flowed well. I thought that many of the characters and their situations were convincing even though I thought the final tragedy was a bit extreme. I thought the book was set in the exactly the right scene, even though this book was written many years a go it still provides the everlasting chill of a childhood bullying tale and brings you to think of all the recent tragedys caused by bulling. I would recommend this book to anybody interested in the horrors of child hood bullying and to a bully or a Victim who need to learn a lesson. I think this book is suitable for any one above the age of twelve. I would quiet like to read another of Susan hills books such as the Woman in Black as the theater production was chilling and I enjoyed her style of writing.

Pro Wrestling Essay -- Wrestling Sports Entertainment Essays

Pro Wrestling Bret Hart: Wrestling with Shadows Written and Produced by Biography Special Interview 15 December, 1997 Unreal Story of Professional Wrestling Narr. Steve Allen Written and Produced by A&E Special Documentary A&E New York, New York 1 March, 1998 WCW/nWo: Sting Unmasked Narr. Toni Shiavone Written by Eric Bischoff, Produced by Turner Broadcasting Co. Special Interview, Turner Entertainment Atlanta, Georgia 5 May 1998 Nagurski, B. â€Å"Professional Wrestling† Microsoft Encarta `99 (Electronic Version). Copyright INSO Corp. 1993-1998 PROFESSIONAL WRESTLING: SPORT OR ENTERTAINMENT? I. Introduction â€Å"Do you smell what the Rock is cookin?† shouts The Rock. This is the new crude face of professional wrestling. But it wasn’t always like this. Haven’t you ever wondered about the real history of pro wrestling, not the ‘history’ of what happened last week on Raw or Nitro? People either watch it or don’t, or some watch it and don’t admit it. In any case, what is it really? Some call it a controlled riot with commercial breaks, a melodrama of mayhem, or a brawl with a referee. Whatever you call it, it’s an old form of entertainment with plenty of ups and downs, but recently, it has become a part of mainstream America. II. The Early Years Wrestling is as old as human history. It has always been used for dominance or competition. The Egyptians, Greeks, Romans, and Arabs all were great wrestlers. Plato’s name literally means broad-shouldered, and he wrestled in his early days. The Irish used it as a way to settle differences. In fact, it was Irish immigrants living in Vermont who brought the sport to America. Because of this, Vermont would produce the best wrestling talent for the next 50 years. Presidents like Washington, Taft, and Coolidge were all rasslers, and Abraham Lincoln was very much a professional wrestler. Professional wrestling began when veterans from the Civil War used the skills they had picked up in camp to grapple for money. Wrestling in the late 1890’s was a very successful international sporting event. It was the most popular spectator sport in the United States. It was seen as more scientific than boxing, and football and basketball hadn’t appeared on the national level. The use of magaz... ...im. Nevertheless, they are the reason their chiropractors are so successful. (A&E, Unreal) So why do over 5 million people tune in to watch wrestling in a week? Because they want to see the dramatic reenactment of rituals, like belonging to a group that reflects who you are, like the nWo, The Corporation, The Four Horsemen, or Ministry, and the sign language that goes along with it, of course. It’s a soap opera, and just like one, issues are never resolved, or new ones develop. (Dr. Gerald W. Morton, Wrestling to `Rasslin V. Conclusion Is wrestling fake? Well if we look at it as fake, we are judging it for trying to be something that it wasn’t intended to be. It is drama. So is Shakespeare. Would we call his work fake? No, because that word is irrelevant. It is said that a society can be judged by how it entertains itself. At least we aren’t throwing Christians to the lions, and when we celebrate violence, it isn’t real. Professional wrestling is only as real as the imagination allows. The father of professional wrestler Jeff Jarrett once said, â€Å"For those who believe, no explanation is needed. For those who don’t, no explanation would do.†

Assignment requirment Essay

Colonial Tap Company (CTC) is a manufacturer of taps and fittings for the plumbing trade, located in Brisbane. The Company was established by Ken Hall in 1951, with a workforce of 10, to meet the needs of the post-war housing boom. Its product range was fairly limited but the company had an excellent reputation for quality. Nowadays, CTC manufacturers an extensive range of high quality brass and chrome taps. The company is managed by Ken’s son, Michael, and employs 20 people. It has annual sales averaging approximately $1million. Although it has been consistently profitable, CTC has experienced increasing pressure from competitors since the early 1990s. The company uses a cost-plus approach to pricing but is having to reduce its markup constantly in order to maintain market share. Both Ken and Michael qualified as engineers. The business is small and has never been able to employ an accountant. Instead, a bookkeeper calculates monthly profit as sales revenue minus expenses. Prices are based on rough estimates of cost of direct material and direct labour inputs plus a 50% markup. With the decline in profit and constant pressure on prices, Michael began to feel uneasy about the way costs and profits were calculated. The results for the month just ended were: Additional Information: There was virtually no beginning inventory of raw material, work in process and finished goods. At the end of the month, 10% of the materials purchased remained on hand, work in process amounted to 20% of the manufacturing costs incurred during the month, and finished goods inventories were negligible. The factory occupies 80% of the premises, the sales area 15% and administration 5%. Most of the equipment is used for manufacturing, with only 5% of the book value being used for sales and administrative functions. Almost all of the electricity is consumed in the factory. The truck is used to deliver finished goods to customers. Michael Hall spends about one-half of his time on factory management, one-third in the sales area and the rest on administration. Required: Michael Hall asks you to review the results for the month and evaluate the company’s approach to estimating product cost. In doing so, you should: 1. Comment on the cost classifications used in CTC’s income statement. 2. Estimate the cost of goods manufactured and sold. 3. Prepare a revised income statement for the month. 4. Explain the differences between your income statement and the one above. 5. If possible, suggest a more useful format for analysing costs than that used in your revised income statement. 6. Evaluate the usefulness of product costs based on direct materials and direct labour. 7. Make recommendations for changes.

A Short Note On Mary Poppinss Artemis House - 1800 Words

Ms. Mary Poppins entered Artemis House on November 12th, 2014. The client Ms. Poppins was fleeing from a domestic violence situation with her husband, her husband and his friend tried to cause harm to her by attempting to run her with an automobile. Ms. Poppins is a 33 year old female who emigrated from Egypt in 2008. The client does not speak proficient English, her primary language is Arabic with an Egyptian dialect. The client was born and raised in Egypt and married her abuser in Egypt as a result of an arranged marriage. The client has two daughters who are currently under the custody of their father, her husband. The client had just recently got the knowledge of her daughters’ whereabouts, previously her daughters were taken away from her from social services and were temporarily placed in foster care. Because of the language barrier, the client assaulted a social services worker which led to her arrest and the separation of her children. The social services worker took away her daughters and they were placed in foster care till the father found them and took custody of them. The client has been married to her abuser for over six years and the abuse started as soon as she came to America. The client, Ms. Poppins, found out that her husband is married to another woman and has two older sons with her. The arguments and abuse started after she had found out that he was married, he would hit her and take away her daughters for hours a day without stating his