In the past two decades there has been a proliferation of associations and organizations in order to implement the interests of both private persons and governments at the bilateral‚ regional and global level in the course of the trade liberalization. The following essay will compare the power and influence of the World Trade Organization (WTO) and the Organization for Economic Cooperation and Develpment (OECD)‚ with regard to their member states‚ as well as their importance in the global trading
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North American Free Trade Agreement (NAFTA)‚ it remains a tangential concern‚ and the presumption is often made that economic - growth and economic liberalization (including the liberalization of intemational trade) are‚ in some sense‚ good for the environment. This notion has meant that economy-wide policy reforms designed to promote growth and liberalization have been encouraged with little regard to their environmental consequences‚ presumably on the assumption that these consequences would either
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1. What are the implications of China’s exchange rate policy on doing business with and “against” China? Since July 21‚ 2005‚ China has adopted a managed floating rate regime based on market supply and demand with reference to a basket of undisclosed currency. The daily trading price of the U.S. dollar against RMB in the foreign exchange market will be allowed to float within a band of +/->0.3% around the central parity published by People’s Bank of China. The signal was initially interpreted by
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Over the course of the 19th century‚ the world economy experienced a large increase in trade: in 1913 the volume of foreign trade per capita was more than 25 times greater than in 1800. The largest expansion took place between the early 1840s and 1873 during which total trade was increasing at more than 6 % annually. One of the main causes behind these growth rates was the decline in freight rates – both transoceanic tariffs and domestic transport costs decreased‚ thanks to the the construction of
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In a global context‚ Liberalization‚ Privatization and Globalization (LPG policy) are no longer an option but a fact. Whether one likes it or not‚ it is bound to influence all spheres of life and activities. Developing countries like India may have to learn to manage the process far more skillfully and efficiently for the development of the country. In the broad setting of reforms in many countries in the 1980s‚ India was an apparent anomaly. India was at the crossroads. She was facing a macroeconomic
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African Journal of Business Management Vol. 4(8)‚ pp. 1457-1463‚ 18 July‚ 2010 Available online at http://www.academicjournals.org/AJBM ISSN 1993-8233 ©2010 Academic Journals Full Length Research Paper The impact of liberalization‚ privatization‚ and globalization (LPG) on life insurance corporation of India (LIC) R. Rajendran* and B. Natarajan Department of Business Administration‚ Annamalai University‚ New Delhi‚ India. Accepted 19 April‚ 2010 The Indian life insurance industry has
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The Rural Non-farm Economy The nonfarm economy includes all economic activities other than production of primary agricultural commodities. Nonfarm‚ thus‚ includes mining‚ manufacturing‚ utilities‚ construction‚ commerce‚ transport and a full gamut of financial‚ personal and government services. Agroprocessing – the transformation of raw agricultural products by milling‚ packaging‚ bulking or transporting – forms a key component of the rural nonfarm economy. A broad definition of rural regions as
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RESOLVING A PARADOX: CAN REGIONALISM HELP TO PROMOTE A GLOBAL APPROACH TO CLIMATE CHANGE? EVIDENCE FROM THE EU-MERCORSUR INTERREGIONAL FRAMEWORK CO-OPERATION AGREEMENT CEPS Working Paper‚ May 2004 Enrica De Cian1 ABSTRACT Can regional trade promote a solution to a global environmental problem such as climate change more easily than the multilateral WTO is likely to do? So far the relationship between global free trade and global environmental threats has been mainly investigated
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and external constraints shape that country’s ability to respond to the crises? This article argues that India’s success can be attributed to four sets of decisions taken during the period 1991–1997: devaluation‚ involvement of the IMF‚ partial liberalization of the domestic financial sector‚ and gradual opening up of the external sector. The article analyzes the options‚ political opposition‚ and eventual outcomes for each set of decisions. India’s ownership of its reform program helped set the pace
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Batch: | 2009 – 2011. | MANAGING THROUGH WISDOM INTRODUCTION The competitive landscape of the Indian business firm has seen a dynamic change in the 1990s as a result of dual institutional changes of economic liberalization and changing intellectual policy regimes. Liberalization and its accompanying changes in trade‚ industry‚ foreign investment and technology policy regime‚ triggered previously protected Indian companies towards capability enhancement. This translated into a two pronged competitive
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