Is ASEAN prone to Another Financial Crisis: Risk and Policy Challenge? ♣ Bandid Nijathaworn 1. Introduction The last twenty years have been eventful for the economies of ASEAN in terms of financial crisis and policy management. Since the 1990s‚ the region had gone through two major financial crises‚ one as a region where a crisis began while the other as a recipient of a major crisis. Both provide the ASEAN economies with a wide range of valuable policy experience for assessing the region’s
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PESTLE ANALYSIS OF AUTOMOBILE SECTOR OF INDIA: PESTLE Analysis PESTLE Analysis is a simple‚ useful and widely-used tool that helps you understand the "big picture" of your Political‚ Economic‚ Socio-Cultural and Technological‚ Legal and Environmental aspects. As such‚ it is used by business leaders worldwide to build their vision of the future. PESTLE analysis is concerned with the environmental influences on a business. Identifying PESTLE influences is a useful way of summarizing the
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INDIA-ASEAN FREE TRADE AGREEMENT:-A SETOR-WISE IMPACT ANALYSIS (REVIEW OF LITERATURE) INDIA- ASEAN FREE TRADE AGREEMENT:-A SECTOR-WISE IMPACT ANALYSIS (REVIEW OF LITERATURE) ASEAN emerged as a major actor in the politics of Asia Pacific region after the end of cold war. Date back history reveals that India had extensive cultural‚ economic and political ties with the Southeast Asian Nations. But after Independence
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FREE TRADE AGREEMENT: A Double Edged Knife? 1. INTRODUCTION Indian economic policy after independence was influenced by the colonial experience. The economic policies of the British Raj effectively bankrupted India’s large handicrafts industry and caused a massive drain of India’s resources. An estimate by Cambridge University historian Angus Maddison reveals that India’s share of world income fell by 22.6% in 1700‚comparable to Europe’s share of 23.3.%‚ to a low of 3.8% in 1952. Jawaharlal
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Introduction PESTLE analysis is primarily used by organizations in the identification of the various factors that shape the external environment in which the organization operates (Babette & Fleisher‚ 2008). PESTLE normally includes the political-legal‚ economic‚ socio-cultural‚ environmental and technological factors‚ which play an integral role in describing the framework of environment that the organization is currently operating and the manner in which the factors will influence the future operations
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Firstly‚ the sharp appreciation of US dollar in mid-1995 affected the export competitiveness of ASEAN countries (Hu & Kasa 1998; Radelet & Sachs 1998; Glick 1998). Partly because US market was the most important market for exports‚ the ‘export-depended’ ASEAN countries pegged their currencies to the US dollar. This pegged system worked well before 1995 as dollar fell against yen and was weak. However‚ since the second half of 1995‚ dollar began recovering against yen and other currencies. For illustration
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and buying trends‚ media‚ major events‚ ethics‚ advertising and publicity factors. * Technological – Innovations‚ access to technology‚ licensing and patents‚ manufacturing‚ research funding‚ global communications. Pest can also be known as PESTLE which includes other factors such as: * Legal – Legislation which have been proposed and may come into effect and any passed legislation’s. * Environmental – Environmental issues either locally or globally and their social and political factors
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com/about_6722357_iso-22000-standards.html New Zealand Ministry of Foreign Affairs & Trade. (2013). What is the ASEAN Free Trade Agreement?. Retrieved from http://www.asean.fta.govt.nz/what-is-the-asean-fta/ Ministry of Foreign Affairs & Trade. (2009). Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area. Retrieved from http://www.mfat.govt.nz/downloads/trade-agreement/ASEAN/aanzfta-guide-booklet.pdf William Reed Business Media. (2012). Fonterra goes ‘local’ in Indonesia for swift market
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crucial importance to advanced strategic management‚ and the PESTLE analysis in itself is definitely a must for any business or company‚ regardless of its industry. It is true that the importance of each category of factors will always vary from business to business and from company to company‚ but nonetheless PESTLE remains a mandatory analysis technique that is usually a part of the larger and more comprehensive SWOT analysis. PESTLE helps a company determine exactly how various types and categories
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A. Do you expect further enlargement of NAFTA‚ ASEAN‚ and the EU? Why? Yes‚ I expect further enlargement of all three organizations because of the positive effects they have had. NAFTA is the North American Free Trade Agreement. It is a signed agreement by the governments of the US‚ Canada and Mexico creating a trade agreement in North America. The agreement came into force on January 1‚ 1994 and its goal was to eliminate the barriers of trade and investment between the USA‚ Canada and Mexico
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