PCMA Journal of Business SAMPLE ARTICLE Globalization and Its Impact on Small Scale Industries in India Vol. 1‚ No. 2 (June‚ 2009) pp. 135-146 ISSN 0974-9977 Sonia‚ Research Fellow‚ Department of Commerce‚ Punjabi University‚ Patiala(Punjab). Dr. Rajeev Kansal‚ Reader‚ Department of Commerce‚ Punjabi University‚ Patiala(Punjab). ABSTRACT Globalization refers to the process of integration of the world into one huge market. It provides several things to several people with removal of all trade barriers
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Table of Contents: 1. Introduction: pg: 2 2. Washington Consensus pg: 2 (i) Success of WC pg: 4 (ii) Failures of WC pg: 5 3. Role of East Asian Countries pg: 6 4. Post Washington Consensus: pg: 7 5. Does it offer fresh opportunities?: pg: 9 6. Conclusion: pg: 12 7. Bibliography: pg: 13 Discuss how the approaches of the post-Washington Consensus differ from those of the Washington Consensus‚ and then show whether these new
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(Stiglitz 2002‚ pp 89) East Asia didn’t actually need any additional capital that they were pressured into receiving. South Korea for example was a region that had experienced admirable growth but realised the necessity for some deregulation or liberalisation. The US
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CHAPTER 3 BUSINESS ENVIRONMENT A business does not operate in a vacuum. It is a part and parcel of the environment surrounding. Success of business largely depends upon the suitability of environment around it. Hence‚ in order to survive and grow‚ an enterprise has to adapt itself as per business environment. MEANING OF BUSINESS ENVIRONMENT Business environment may be defined as all those conditions and forces external to a business unit‚ under which it operates. All these forces affect the working
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which is below 120 other economies. Mostly‚ this is a reflection of Indonesia’s low standard of living‚ as measured by its income per capita which remains approximately 3500 USD as of 2012.Through a number of new government incentives such as the liberalisation of trade and financial deregulation‚ the Indonesian economy is attempting to become more integrated with the global economy. TRADE FLOWS To a large extent‚ Indonesian trade regimes have undergone significant liberalization since the 1980s
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Philippines’ Economic Development Economic development: the qualitative process of structural change that involves the development of an economy’s economic and social infrastructure. Economic development involves the use of more resources or better quality resources to improve real increases in the quality of life of society. The construction of roads‚ railways‚ schools‚ hospitals‚ universities‚ dams‚ bridges‚ factories‚ power plants‚ ports and airport facilities are examples. Statistics: 1980
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Implications of “South Asia Free Trade Agreement” (SAFTA) in Economic Development 1. Introduction Regional (or Free) Trade Agreements (RTA/FTA) are an attempt to achieve economic gains from the free flow of trade and investment between neighbouring countries. RTAs can lead to increased protection for exporters and reduced protection for importers. Reduced protection can lead to trade creation while enhanced protection increases trade diversion (Grossman and Helpman 1995). Trade diversion can
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3.4.2 Can African Countries Reap Benefits from their Economic Integration? According to the Commission for Africa (2005)‚ even today most African countries rely on a very narrow range of exports and their colonial legacy‚ therefore Africa is not able to breakinto new markets. When comparing Africa and Asia‚ one observes that there is a hugedifference‚ even though they are both classified as developing continents. This is mainlybecause in the last twenty years‚ Asia developed an industrial infrastructure
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emerging economic power in the world. Though the 21st first decade saw a global level financial crisis‚ India didn’t wilt under its pressure due to it’s the Government’s progressive policies and full-fledged reforms. Particularly‚ nationalization and liberalisation were the real saviors of India from the recession. Also‚ the national sectors and global raid helped to maintain the economy in proper way. Introduction India is an exponentially growing economic powering the world. Indian economy stands today
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airline including point-to-point short haul network‚ quick turnaround and high aircrafts utilization and seat density. Also‚ they do not have frills cabin‚ direct channel of distribution‚ streamlined organizational structure and operation. For example‚ Airasia. Different from the traditional full-service airline‚ low-cost airline emphasize on their low fare policy‚ which is very attractive to the price oriented customers. Therefore‚ the low-cost airlines enlarge their industrial market by their low-cost
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