IS ASEAN A TOOTHLESS TIGER? Association of Southeast Asian (ASEAN) established officially on 8th August 1967 in Bangkok by the participating Government and its members were Indonesia‚ Thailand‚ Malaysia‚ Singapore and the Philippines. Its purpose was to ensure the survival of its members by promoting regional stability and limiting competition between them.[1] The Bangkok Declaration gave birth to ASEAN and it states that the objectives of ASEAN are to accelerate the economic growth‚ social
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Assurance of Learning Exercise 4A Adidas’ Income Statement for 2009 Currency in Millions of Euros | : | | Dec 31 2009 EUR | | | | Revenues | | 10‚381.0 | | | | TOTAL REVENUES | | 10‚381.0 | | | | Cost of Goods Sold | | 5‚669.0 | | | | GROSS PROFIT | | 4‚712.0 | | | | Selling General & Admin Expenses‚ Total | | 1‚376.0 | | | | Other Operating Expenses | | 2‚796.0 | | | | OTHER OPERATING EXPENSES‚ TOTAL | | 4‚172.0 | | | | OPERATING INCOME |
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Biological Currency The objective of this lab is to figure out whether or not this money is counterfeit. We will attempt to find the information needed to prove that the money is counterfeit or not by looking at it under a microscope and by using iodine drops to compare the money’s result with the results of different items. Counterfeiting money is not a new to any country. It started when paper money was first made. Some countries attempt to counterfeit rivals money to drive their economy downward
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ASEAN INDIA AIFTA The research topic will be on Free Trade Agreement (FTA) and the key objective of this assignment is to understand the background‚ impacts and benefits of FTA from a Singapore’s perspective. Free Trade Area ASEAN free trade area is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. ASEAN consists of 10 countries; India‚ Singapore‚ Malaysia‚ Thailand‚ Vietnam‚ Brunei‚ Indonesia‚ Philippines‚ Cambodia and
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Summary from the article – Electronic in ASEAN Several factors make electronics a leading industry in South East Asia: 1. Possibilities of application – greatly impact the growth of economy and society of one particular country 2. The drop in the prices of important hardware Electronic industry is divided into two main category: industrial electronics and consumer electronics. Industrial electronics: 1. Servers 2. Telecommunications 3. Robots Consumer electronics:
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Currency Wars When we think of war‚ it is easy to imagine soldiers‚ guns‚ tanks and perhaps a bloody chaotic war zone. Then‚ when we think of trade‚ exchange rates‚ foreign exchange‚ currency and its policies what comes to mind--War? Probably not. We are however‚ “in the midst of an international currency war…this threatens us because it takes away our competitiveness” (Mantega). A currency war can be defined as a “competitive devaluation‚ [a] condition in international affairs where countries
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posed by worldwide currency fluctuations. One hedges the currency risk by contracting to sell foreign currency in the future‚ at the current exchange rate (Fries). If fund managers think the dollar is going to be stronger when they are ready to change the foreign currency back into American dollars‚ then they take out a foreign futures contract (a hedge). Thus‚ they lock in the exchange rate beforehand‚ so that they will not lose profits gained from holding devalued foreign currency (Hedging‚ 1999)
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country because of the bigger size of market and free flow of labor and capital 3 Free Trade Area a common external preferential tariff scheme to promote the free flow of goods within ASEAN.[44] The ASEAN Free Trade Area (AFTA) is an agreement by the member nations of ASEAN concerning local manufacturing in all ASEAN countries 4 Exchange in technology: each country will have an opportunity to gain new technology such as technology in production and medical 5Product price will decrease: because
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What is ASEAN Summit? ASEAN Summit is an annual meeting held by the member of the Association of Southeast Asian Nations (ASEAN) in relation to economic‚ and cultural development of Southeast Asian countries. The league of ASEAN is currently connected with other countries who aimed to participate on the missions and visions of the league. Apparently‚ the league is conducting an annual meetings with other countries in an organization collectively known as the ASEAN dialogue partners. ASEAN +3 adds
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What is devaluation of a currency? It refers to decline in value of a currency with respect to other currencies‚ which is most of the times brought by central bank. It should not be confused with term depreciation of currency which is a decline in currency value due to market forces without interference of government. When does this happen and how? This happens mostly in developing countries which don’t allow currency prices to be determined by market forces. What happens is that they want to
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