Essays on Financial Sector

Background

Today, the financial industry is more regulated than any other time in the history of economic globalization. However, the lack of fundamental professional behavior, ethics, and compliance raises the important question whether the current financial sector in Australia is destined for an endemic future. The persistent fraud cases in the Australian financial industry paints an impression that behaviors are yet to change even after experiencing the global financial predicament that emanated from the US. The recent ANZ suspected interbank interest rate rigging, CBA’s CommInsure denial of compensation to legitimate claims from terminally ill patients, and the Macquarie Group ...

Benefits and drawbacks of VAT

As a taxing system, VAT has been used globally since the 1950’s and it presents unique benefits and drawbacks in itself. First, VAT is beneficial in generating income for governments which is important to cover government expenses as Stiglitz and Rosengard, (2015) observe. Since VAT is vast and is imposed to most produced goods and services, most governments regard it as money production engine. Through this taxation system also, tax evasion is minimized. Consequentially, a reliable income source is achieved by governments. Through value added tax system, it is also possible to enter into regional protocols (Pomeranz, 2015). ...

The recent Brexit vote has brought about a number if tensions associated with membership in the European Union and a common European economic area. It has also put into serious question the European Project started in the post-World War II era. Please argue for or against Britain being a member of the European Union. Be sure to cover five broad areas of disagreement economics (Benefits/ Costs), political (Benefits/ Costs), Labor market (who wins? Who lose), social (costs/ benefits), and issue ofan identify? Britain a second-largest economy after Germany is a member of the European Union, has taken up a ...

Chapter 5: Findings and Discussion

In all types of organizations, including cross culture project team in all organizations, the concepts of job motivation is crucial since it plays significant roles in impacting the productivity of organization within which they operate. This study was aimed at finding factors that influence project team members motivation and how this affects the project performance within the finance industry in a multinational and multicultural setting. It was also to address factors that motivate project team members at the commencement of projects thus exploring how project managers alter them to influence the team member needs and priorities. It is the ...

Introduction

The case of Bernie Madoff is a good example of unethical practices can lead to corruption. Madoff, which is the former investment and a stock broker, is introduced around the globe as the only operator in the largest Ponzi scheme ever on record. This is because he turned its financial management firm into a huge Ponzi scheme that defrauded a lot of money from thousands of his investors. The paper will determine the regulatory oversight that was existing while the Ponzi scheme was operating. It also speculates on the main reasons why such plans were not discovered while investing ...

Question 1 (a) two examples of badly-behaved preferences about Economic Theory and Principles

The first badly behaved preference is a situation where an individual prefers inferior goods to superior products when indeed they are in the financial position where they can comfortably afford such goods. Some of the inferior products include some of the staple foods that are in existence. With an increase in income levels, individuals tend to shift to superior products. It would appear uncommon to stick to a product that naturally belongs to a lower class. In real life situations, when incomes increase, people tend to change their shopping malls and even the foods that they eat. Furthermore, they ...

PART A

Question one The RBA is the central bank in Australia. It conducts the monetary policies and issues the currency of Australia. Moreover, it seeks to foster the financial system stability as it promotes the safety and efficiency of the system of payments. RBA offer banking services to the Australian government.

Question two

Professional work is conflicting with the demands of the company. For instance, faulty reward systems can encourage unethical conduct. Therefore, several codes of practices have been created in the financial sector such as the ASIC that has the power to approve codes in the financial service industry.

Question three

The presentation ...

Financial recess is never a novel term. Depressions have always hit the financial system of the world, and the latest recess America is most likely not the final one. Nonetheless, many issues worked together to make the recent U.S crisis the worst financial recession since the global downturn. These factors include failures of market, weaknesses in the execution of policy, as well as macroeconomic problems. The primary concept, which had controlled economic thinking for many years, was that markets functioned. The appropriate prices often get a buyer as well as a seller. Besides, millions of sellers, as well as ...

Introduction

Banking is a major part of most modern nations. This is because they form as the point for an organized financial sector and allow for regulations to be applied and carried out. In spite of this, banks have been used as a tool for capitalism and the pursuit of personal interests and this has led to serious consequences for the economy. However, Parramore indicates that the idea of bailing out banks during financial crisis is a fraud on the taxpayers and this is akin to robbery. The purpose of this paper is to critically analyze the position of Parramore ...

Introduction – History & Background3

Operations in the Emerging Markets4 International Strategy7 Acquisition of Household International7 Expansion of Financial Services in Rural China8 Challenges Affecting HSBCs operations in China11 Conclusion13 References14 Globalization is a process of interaction and integration among the people, companies and governments of different nations. It is a process that is driven by international trade and investment and aided by information technology. This process has effects on the environment, culture, prosperity, human well-being and economic development all across the world. The global strategy covers three important areas of global, international and multinational strategies that are specifically designed to enable a particular ...

Some of the prevailing social and economic problems in America are attributed to the neoliberalism in the country. This paper suggests that neoliberalism in America is the cause of 2008 financial crises, inequality, the detrimental situation for workers and the economic growth, reduced social welfare, and aggravated crime.

Economic Impact

One of the major economic impacts of the neoliberalism in America is the 2008 financial crises. Among the other white collar crimes associated to the neoliberalism, financial crime is another nightmare attributed to the introduction of the free market. According to Burton (10), various studies have indicated that the neoliberalism in ...

Essay one (China’s financial system)

Introduction and Thesis Statement The restoration of an economy from a depression requires a careful adoption of strategies. Various measures that governments use to promote the growth of key sectors as wells the entire economy have severe outcomes which must be considered before they are put in practice. Fundamentally, governments implement different fiscal and monetary strategies to solve economic problems, which may be successful or not. Thus, the analysis of the strategy to be deployed becomes essential to achieve the desired objectives. The financial sector in an economy is of central importance. As such, public policies that impact on ...

Abstract

The purpose of the above paper is to highlight the impact of the great recession that was experienced in 2007 -2009 and the bailout strategies used by governments to restore investment institutions from collapsing. The paper starts with an introduction that explains the impact of the great recession to the U.S and global economy. As a remedy to avert the adverse effects of the global recession, both short term and long term strategies were sought. The advantage of using the short-term strategies was to restore stability in the financial sector and prevent further collapsing so as to achieve economic ...

Finance is an evergreen field with a variety of career options for aspiring students and professionals. With job titles such as financial controller, credit manager, treasurer, financial advisor and management accountant, the nature of work carried out by employees in this field is both diverse and comprehensive. Be it banking, financial sector companies, trusts or business consultancies, there are numerous job opportunities in each sector. Finance industry in particular is backed with critical factual information, data computations and analysis. It’s important to use reliable resources to collect this data. As internet beaming in the 21st century, it has ...

Chapter 2: Literature Review

Introduction The chapter consists of all the relevant information that can be collected from past studies and are combined to present a clear view. It is the initial for determining the factors that can be used to synthesize the overall study through findings and discussion. The positivist approach is used to collect and summarize the information from the previous studies and determine the model that can be used to conduct a viable study. The positivist approach emphasizes all the relevant information regarding the topic that is to compare Islamic and Traditional banks using data envelopment analysis. The theoretical framework ...

Macroeconomics attempts to understand and solve various issues affecting an entire population or country. Some of the challenges that face people and governments include unemployment, GDP levels, economic growth, inflation, depression, etc. A nation’s ability to mitigate and improve the issues stated above depends on the long-run rate of financial growth. Over a long period, economists have found out that even the slightest difference in the long-run economic growth can have massive effects on the living standards and income of the average individual. This essay explores the impacts of long-run rate of financial growth on the development of ...

Abstract

In most economies, the resources are scarce and limited which calls for proper planning and allocation of the limited resources. Economic operations of a particular region are represented in the circular flow of income, whereby various sectors of the economy are represented. In the flow, all the players have their specific roles to enhance the optimization of the resources available. As enterprises and firms are going global, there are benefits and costs associated with the move, which calls for planners and economists in the enterprises undertaking the move to analyze the world market consciously. In this article, various economics ...

Ethical oil: Choose your poison

Oil from both the Canadian sand fields and from the Middle East is tainted one way or another. Oil from the Middle East is tainted in the essence that not only do these countries have poor human right standards, also some are known to be outright supporters of terrorist activities. Oil from the Canadian sand fields on the hand pollutes the environment and changes the ecosystem hence making climate change a reality in addition to destroying livelihoods that are dependent on the environment. From an ethical standpoint, these two are both unethical. As far as consumers are concerned, oil ...

Introduction to Mongolian Financial Institution System

Introduction Following seven decades of communist rule, Mongolia adopted democracy in 1990, closely followed by a shift to a market economy (Wagner). The transition has been beset with turmoil, and the Mongolian financial system has undergone crises in ‘1994, 1998 and 1999’ (ADB), primarily due to the government’s predilection of interfering in the lending policies of banks and directing credit to poorly performing enterprises. More recently, the global financial crisis of 2008 and a drop in copper prices triggered another financial crisis in Mongolia, prompting the government into entering a standby arrangement with the IMF till 2010. The ...

Introduction

Background In the contemporary business environment, the role of Human Resources has become a crucial and important component. Many traditional perceptions suggest that the HR is only perceived as a department to source and acquired new talents. However, most of the HR activities are far beyond the sourcing and employing the new employees. Human Resources Managers are involved in planning, coordinating, and directing the administrative responsibilities of the organization. According to Bach and Edwards (2013), human resources management allows organization and establishment of employment conditions that allows the employees to achieve the desired productive output while satisfying a wide ...

(Reforming the financial systems)

Introduction

The term financial crisis is mainly applicable to situations where certain financial assets suddenly lose a large part of the nominal value. Through the crisis, the financial institutions equally lose value and become incompetent in the local as well as international financial markets. Financial crisis is a major cause of economic crisis where the economy experiences a downturn in liquidity as well as unpredictable inflations. However, when the financial crisis occurs several things may be done as a solution but the reformation of the financial system is one of the actions that may be undertaken. ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

Issues of Competition an Expansion of the Customer Base

This research project entails a critical review, analysis and subsequent discussion of the major competition issues as well as the expansion of the customer base within the banking sector with a specific focus on the interstate banking framework in the United States. The need to carry out this research was informed by the realization that the introduction of the interstate banking framework has revolutionized the financial sector in the United States and created competition issues as well as the expansion of the customer base factors that are unique to this framework in comparison to the previous framework where banks ...

Introduction

Money plays a vital role in the determination of income and employment . interest rate are a significant determinant of aggregate spending ad the Federal Reserve which controls the money growth and the interest rates is the first institution to be blamed when the economy of in trouble. Now the question arises what is money.

Money Definition

Money is a medium of exchange. Money is divided into commodity money and token money. To some economist there is difference between commodity money and token money. A commodity money is a medium of exchange which has a commodity value as distinct from a value ...

Bulgaria

1. Key criteria and considerations The Bertos Financial Services Inc. is a multinational company with subsidiaries in Mexico, United States of America and Canada, all members of the North American Free Trade Agreement. The company has the objective to open a new subsidiary of the company in a new country with the goal to increase the market penetration and sales of the company (Buckley y Casson). The company has considered ten countries to ten countries to be candidates for the new subsidiary of the company. Those countries are Algeria, Argentina, Qatar, Brazil, Romania, Indonesia, Philippines, Slovenia, Ghana and Czech ...

Tyler Cowen’s “The Inequality that Matters”, published in the January-February 2011 issue of The American Interest Magazine, addresses the type of income inequality that Americans, and people all over the globe, should be concerned about. Most people, Cowen says, are unaware of the bigger, economic picture, and are instead more concerned about their neighbors’ income status. According to Cowen (2011), the American economy may collapse again because of an unstable economic situation in China and Europe, undercapitalized banks, or because the economic system is broken – and no one no one quite knows how to fix it. Cowen (2011) ...

Finance

2016-04-19

Introduction

This paper is devoted to the possible spillover effects between the usual banking and existing shadow banking systems and the impact of regulatory policies on the shadow banking system. The usual banking system consists of the banks and regulatory agencies. In comparison, the shadow banking system is a set of financial institutions, which are not banks, but perform their functions. The issue of the shadow banking system has become more important after recent global financial crisis. The Financial Stability Board has been established at that time. According to experts of this organization, various aspects of the shadow banking ...

The role and regulation of Mauritius financial institutions

Mauritius is the largest island in the world. It is one of Africa’s economy that is stable, competitive and success. The state of the economy has enabled the country to be both vibrant and thriving in sectors such as the export sector, offshore financial sector, and manufacturing. The success has allowed the country to attain a Gross Domestic Product of $11.9b. Also, its convenient position has enabled it to be an established international financial center with easy access to Asia, Europe Middle East and South Africa enabling active investment. The report aims to understand the roles and regulation ...

According to Chambliss et al. (2010), the state is involved in organized crimes through collusion, evasion, corruption, and substitution. I tend to believe that through evasion, the perpetrators try to evade any legal connection. I believe through evasion, Individuals involved in state organized crimes attempt to distance themselves completely from the activities of the business and the state. For instance, I have witnessed individuals set up legitimate businesses that barely have a link to their names. The organizations then are placed in the frontline to launder money from the state. Such organizations are offered tenders to supply good or ...

Article Review: Underground Economy

INTRODUCTION In essence, a successful critical analysis concentrates in achieving a balanced appraisal. The economic meaning of this idea is the analysis should include the audience in a concise analysis of the strengths, applicability, and weakness in the ideas presented in the paper. Ideally, good peer-reviewed articles in Economics should follow the scientific technique of research. This paper is a review of Blackburn, Bose and Capasso’s study on the interconnection between the underground economy, tax evasion, and financial development. It tends to analyze how the authors’ contents fit the objectivity and logic of Economic Research.

OBJECTIVE

The article sets ...

Financialization is the process by which financial institutions increase in size and influence on the overall economy by strengthening the country’s financial sector. The process occurs in countries that are perceived to have shifted their economies from industrial capitalism. It has been occurring in the United States and other parts of the world since the 1970s. The process has affected both the macro economy and the micro-economy by changing the manner in which financial institutions are structured and operate in the entire economy. The United States has experienced high levels of financialization through the loss of manufacturing and ...

Introduction

The changing economic situation and global trends often impact the European economies and Germany is not exempted. Germany has asserted its authority as one of the global economic powers with reduced cases of unemployment and growing economy. In the past decade, German took major steps towards changing the labor market in what turned to be labor reforms. The radical labor market alterations have since yielded the lowest form of unemployment. Economic growth remains critical to every nation’s progress. While economic growth determines the living standards of every member of the nation, the contribution of the citizens towards nation ...

The recession that engulfed the world economy in 2008 has taken the economic analysts by surprise. Questions have been raised about the effectiveness of economics as a predictive science. The recession was not the outcome of a business cycle fluctuation that macroeconomic theory has explained and solved in the past. It occurred entirely from a situation of market failure in the financial segment. It was the property bubble that inflated to such an extent that the whole world was affected when the bubble burst out in 2008. In this paper we are going to describe how this property bubble ...

Abstract

This dissertation formulates a research dissertation and strategy for a study into the impact of Islamic banking on the economic development of societies within which such banks operates. To this end, the research examines the major tools and impacts of Islamic banks on society by conducting a literature review. This is followed by the deduction of research questions and a hypothesis that will be used to form the parameters of the entire research. The purpose of this dissertation is to investigate the relationship between the growth of Islamic banking worldwide and economic development of countries wherein this growth is ...

Introduction:

Foreign bank auxiliaries and full-benefit banks are the main two sorts of foreign bank foundations in Canada that accept savings and investments from Canadian citizens and entities. This paper will attempt a thorough review of the existing foreign banks in operation in Canada, obstacles to their progress, their relative market shares and the general future outlook. Foreign bank auxiliaries are fully registered banks in Canada that are wholly owned by foreign individuals and entities, who are not citizens of or based in Canada. Foreign banks have been allowed to operate in Canada since 1999, before that the Canadian banking ...

Inside Job: Story of the Crisis

The Oscar winning movie “Inside Job” is a documentary on the financial crisis of 2008, showing a chain of events leading up to the final crisis and the aftermath following. Inside Job takes its cue from the Reagan administrations move to relax rules on banks and other business during the 1980’s, leading to a huge boom in the financial sector. Over the next 30 years, the gradual removal of rules continued such as the dropping of the Glass-Steagall barrier between deposit and investment banking. The growth of the securitization market at the same time lead to a boom ...

Introduction:

NASDAQ index is made up of industrial, healthcare, media, technology, telecommunication and service companies. The biggest companies in US which had listed in the stock exchange when it was incorporated are the main composers of this index. It consists of both local and multi-national companies.

1. Suppose the NASDAQ index increase by 7 percent annually over the next decade while the S&P 500 increases 6 percent annually, on average you are better off holding the NASDAQ stocks than the S&P 500 stocks. On average are you better off holding the NASDAQ stocks than the S&P 500 ...

Sarbanes-Oxley Act was enacted in the year 2002 in response to financial malpractices among the corporations in the United States of America. The Act led to significant changes in corporate governance and financial practices as a way of reducing frauds prevalent in the financial sector. There were a myriad of factors that interacted to form a culture and suitable conditions, which led to a series of corporate frauds between the year 2000 and 2002. These factors were closely analyzed, and their root causes necessitated the enactment of Sarbanes-Oxley Act in 2002. This paper analyses the pre-Sarbanes-Oxley Act and post- Sarbanes-Oxley Act to analyze ...

Introduction

The monetary policy of Colombia has undergone numerous changes from 1994 to 2014. The primary purpose for doing so is to target inflation and stabilize the financial status of the country. For this object, state agencies and other monitoring authorities had occasionally evaluated the response of such policy in relation to various financial variables. Although there is not any specific and explicit target regarding real or nominal exchange rates and the monetary policy has to rely upon mainly on the variation of short-term exchange rates. Therefore, in an open economy like Colombia, exchange rates are considered as the most ...

The US Subprime mortgage crisis was a banking and financial emergency situation that led to a recession not only in the US but spread to many parts of the world. The disastrous effects of a crisis in the domestic subprime market on the rest of the world beg questions about the interconnectability and interdependence of the international economy as well as the financial institutions. The international financial crisis also revealed how vulnerable the global financial system was. Not only did the subprime crisis have a direct effect on global markets and countries that held a huge number of US mortgage backed securities and were ...

Modernization of finance industry through the use of information technology (IT) is one of the important and most convenient developments in the insurance industry. However, with the risks attached to IT, the finance industry is currently facing the challenges of security breaches which affected the growth of some companies and the industry per se. This paper will discuss the IT issues confronting the industry, how it is likely to be resolved, and the future of the finance sector. Media organizations have reported various data breaches cases that affected the finance industry in the past few years. Martha C. ...

There have been a lot of crises throughout the history: South Sea Bubble (1720), Cuban missile crisis in 1960s, OPEC oil price shock in 1990s, Asian financial crisis of 1997, Economic crisis in Mexico (1994) and many others. However, the financial crisis of the 2007-2008 is said to be the worst crisis since the Great Depression of the 1930s. First victims were the countries, which are the biggest financial centers in the world. Later, in a year or half, the rest of the developing countries started to suffer from the financial crisis that became global. The term of the ...

My name is John Edgar and I am applying to the Department of Finance at the University, fall 2012. My career goals, GPA, desire to be a financial expert and my experience in the field of finance and skills make me an excellent candidate for your program. My overall GPA is 3.22. My major GPA is 3.47. My minor GPA is 3.56. My option GPA is 3.56. In addition I have an upper division of 3.57 and the transfer credit of 2.92. Finally, my lower division is 2.89. I have always wanted to be a financial expert ever since I ...

Introduction:

The pirates of Manhattan, Barry James Dyke expounds and gives a clear and vivid 10 year extensive research insight on the various concerning the American consumer. He clearly brings the general aspect of Systematically Plundering the American Consumer and How to protect against it. The knowledge of well extensive research is backed by the detailed statistics presented. This is based on the fact that if most guarantees are absent, consequently most financial products fade away. Hence, in the expanded form of analysis, the book clearly brings the aspect of the liquidity of money. In addition, the behavior of money in ...

[Document title] [Document subtitle] Since 2000, Syria’s economy was being managed centrally. Supported by the IMF and the World Bank, the structural adjustment program was used by Syria. The five-year plan started in 2006 and ended in 2010. Changing the economic strategy to a liberal market led was the main purpose of the program. The contents of the plan were based on five main purposes. 1. Respecting the human rights, 2. The rule of law, 3. Making sure the society participates in the political process, 4. Preparing the economy to a social market, 5. Making sure the ...

The global crisis stroke most of the nations and the super powers. It started to show its effects in 2007 and 2008. The world stock market had drastically fallen with few profits. Nations such as United States had to come up with packages to rescue the situation. They had to assist the most disadvantaged nations by giving those finances that would sustain their nations (Shah, 2013). There was also loss of confidence by US investors after the global financial crisis. As a result, the US Federal Bank injected a large amount of cash in most of the financial sectors. There are ...

Executive summary

The recent global financial could be attributed to a number of factors. These factors include the general cyclical economic development; overheating of the credit market and who appeared his consequence of the mortgage crisis; high commodity prices (including oil); overheating of the stock market. The US mortgage crisis was the predecessor in occurred in two waves, first in 2007 and then in 2008. The 2008 crisis were not unique from the previous crises though it had many unique characteristics. Although the crisis started in the United States, it engulfed almost all countries of the world, and hardly any of them ...

American Public University

GREAT DEPRESSION The great depression in 1920s in the United States has taught an important lesson to the agents in the American Economy. The lesson we learned was that the efficiency of the resource distribution in the economy plays very essential role to provide an economic development and sustainability. The American economy failed to provide the sustainability in the financial sector and the real sectors. The relation between the financial sectors and the real sector is truly important for a healthy economy. This relation in 1920s has disappeared, and the crisis in the financial sector placed the real sectors ...

Forewords

South Korea is an East Asian nation located in the southern part of the Korea Peninsula. Prior to 1948, the South and North Korea were one nation under different occupying forces. The forces of the United States occupied the south while the Union of Soviet Socialist Republics (USSR) occupied the north. However, in 1948 after the World War II, the nation of South Korea was established, and the two parts were partitioned. This partition caused unbalanced economic units. This was because North Korea controlled majority of the natural resources and heavy industries which were created during the time in ...

Introduction

In 2008, the world's beginning of the financial and economic crisis that emerged in the form of a strong reduction of the main economic indicators in most advanced economies, later grew into a global recession economy. The emergence of the crisis is associated with a number of factors: the general cyclical economic development; overheating of the credit market and who appeared his consequence of the mortgage crisis; high commodity prices (including oil); overheating of the stock market. The predecessor of the 2008 financial crisis was the US mortgage crisis, which in early 2007 affected the subprime mortgage. Second wave of mortgage ...

Introduction

Inevitably, the topic of economics is the most astounding and effective one for the economies, as the main crux of an economy and economic factors are always be effective for their future growth and effectiveness. Economics is a core subject that associated with almost every walk of life, and it can be used for different purpose all over the world. Economics is a subject that specifically associated with the earning and consuming the money accordingly and effectively at the same time. The two broad types of economics, on which the entire broad definition and outlook would be depending, are effective for ...

Introduction

Subsequent to my prime interest in finance, I choose to follow the financial career path. Apparently, it is imperative to note that Finance is a very dynamic and assorted sector. With the above said, this sector in essence offers a variety of jobs where an individual with a degree in finance can comfortably execute. Considering that the jobs available in the finance sector vary considerably depending on the qualifications that one has particularly the level of education. One has the potent of acquiring a different kind of job at the different levels of education. The above means that a gradual progress in one’s ...

Management Strategy: An Analysis of the LIBOR Crisis of 2012

One year has lapsed since the regulatory report that fined British Banking Association (BBA) for the alleged London Interbank Offered Rate (LIBOR) scandal in 2012 (Szilárd and Zoltán 23). LIBOR entails a yardstick of interest rates administered by the BBA. LIBOR calculates the interest rates based on the borrowing periods. This serves as a benchmark to the average cost of banks in their unsecured borrowing for a certain period. In the past, the BBA has been performing its role of lobbying and overseeing LIBOR while unregulated. LIBOR has a vast number of transactions in use reaching an estimated value of more ...

INTRODUCTION

China’s trade balance in 1978 was a deficit of US$1.1 billion. However, the country’s government entered a period of economic reforms in that same year and the country enjoyed an economic turnaround. In the first half of 2009, China gained a balance of trade surplus of $400 billion and the country’s foreign reserve increased significantly from $2 billion in 1978 to $2.4 trillion in 2009. Many economists identify that China’s economic boom is attributed to trade with the United States of America. And China’s accession to the World Trade Organization has played a significant role in ...

Background

During the World War I, United States and European countries economies had forged an intimate and unique relationship and owing to this, the Great Depression spread to these countries. After the World War I, United States emerged as a major financier and creditor of postwar Europe. The national economies of European countries were greatly weakened by World War I and the war debts (McNeese, 2010). In particular Germany and other countries that were defeated were expected to finance war reparations. The United States Economy slowly slumped after the World War I and the American investment credits flow to the European ...

Importance of diversifying the investment

Diversifying this $ 100,000 investment will involve allocating funds to a number of financial instruments. The objective of this diversification is to maximize returns from a number of channels, each of which would react differently to a similar event. Diversification of the $ 100,000 investment would enable me to reach my long term financial goals of financial stability. The major importance of diversifying this investment is that I would reduce the unsystematic risk (Kennon, 2010). The business and financial risks on my investment can be diversified. If there are events such as business failure in my company, I would not lose ...

The Global Financial Crisis (‘GFC’) had a very dramatic impact on the domestic economies of a number of global nations, in a plethora of ways, typically replicating the fiscal and financial health of such nations. United Arab Emirates (UAE) was one such nation that had a serious impact of the GFC and since then the myriad challenges posed by the capital markets has been an interesting area of focus for the Middle East. UAE is one of the oil rich economies of the Middle East. During the initial and developing years of the last century UAE discovered new abundance and wealth from its ...

During the elections of 2008, it was President Obama’s message of hope and change that mostly contributed to him being elected as the American forty fourth president and the first African-American to occupy the oval office. His agenda did not only contain promises, but it also contained specific policy proposals. One of the main issues the president talked about was the financial crisis that gripped the nation and whose effects are still felt to date. This global crisis began in 2007 and supposedly ended in 2009. Considered as the worst crisis involving the American economy since 1930 when ...

The winner of Oscar Awards for the Best Documentary in 2010, ‘Inside Job’ presents an inclusive analysis of the 2008 global financial crisis which made millions of people lose their homes and jobs in the worst slump after the Great Depression. This financial crisis was at a cost of $ 20 trillion and almost led to a global financial crumple. Through extensive interviews with key academics, politicians, journalists, and financial insiders and exhaustive research, this film gives a trace of a rogue industry that has corrupted regulation, academia and politics . One sector that should be blamed for the financial crisis is the private ...

Introduction 3

Corporate Social Responsibility and Sustainable Development 3 Role of CSR in Developing Nations 4 Corporate Social Responsibility and the Financial Performance 5 Ethical Behaviour 6 The Role of the Financial Sector 6 Conclusion 7 Introduction Under the conventional economic theories the businesses have been operating with the sole purpose of profit maximization and the increase in shareholders’ wealth. According to the classical view of business operations, the managers are liable to use the available resources in the best optimum manner to generate the revenues for the organization, while following the relevant legal ...