power willing and able to assume a leading role. The depression of the 1930s‚ followed by the war‚ had vastly diminished commercial trade‚ the international exchange of currencies‚ and cross-border lending and borrowing. The creators of the Bretton Woods hoped to avoid a repeat of the disaster of the 1930s‚ when exchange controls undermined the international payments system that was the basis for world trade. Some of the primary policies to increase competitiveness in 1930’s were currency devaluations
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www.ccsenet.org/ibr International Business Research Vol. 5‚ No. 3; March 2012 The Effect of Investment Promotion on Foreign Direct Investment Inflow into Ghana Justice G. Djokoto Department of Agribusiness‚ Central Business School‚ Central University College P. O. Box DS 2310‚ Dansoman‚ Accra‚ Ghana Tel: 233-28-503-7399 Received: January 10‚ 2012 doi:10.5539/ibr.v5n3p46 Abstract The paper investigated the effect of investment promotion (IP) on foreign direct investment flow (FDI) into Ghana
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inflow‚ current account balance‚ inflation and interest rate play a significant role in economic growth in Malaysia using the SPSS Regression method for a time period of 14 years from 1995 to 2008 (Oct). The results of the research indicated that FDI and inflation are not significantly related to economic growth in Malaysia during the period of study. However‚ CA balance and BLR are significant determinants of economic growth of Malaysia during the period of study. Inflation was noted to have a negative
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The Economic Impact of the Chinese Yuan Revaluation Xiaohe Zhang School of Economics‚ Politics and Tourism Faculty of Business and Law The University of Newcastle. Callaghan‚ NSW 2308‚ Australia Telephone: 612-49215034 Fax: 612-49216919 Email: James.Zhang.@newcastle.edu.au Abstract Since the beginning of the economic reform process in 1979‚ the Chinese currency (yuan) was devalued on many occasions until 1994 when the two-tier foreign exchange system was ended. While the official rate of yuan had
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and theories which describe and explain internationalization‚ foreign entry modes and the foreign operations of firms (Elo‚ 2005). These models can be divided into two different perspectives: behavioural and economic (Elo‚ 2005‚ p.65). It is also suggested that the literature based on economic theory‚ which focuses on new market opportunities‚ internationalization‚ vertical integration and corporate growth‚ has been dominating. Whereas‚ behavioural related theories refer to a firm’s social and organisational
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goods among different countries. This can be more evident in such areas as; Economic aspects in terms of Foreign Direct Investments; Companies for example African Barrick Gold Plc‚ KFC‚ Vodacom‚ Airtel‚ Holiday Inn‚ Tigo and many others‚ Licensing; Pepsi‚ Coca Cola‚ International trade; Companies such as Apple‚ Microsoft‚ Samsung‚ LG‚ Nokia and so many others who products can be found in households worldwide and Economic Integrations; such as European Union‚ Transatlantic Free Trade Area. Political
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The Mexican Peso Crisis and International Financial Management 1.0 Introduction With the rapid development of global economy‚ different countries’ economy has more and more connection with each other. Imports and exports‚ current account and capital account‚ exchange rate system and many other items institute the content of international financial management. Based on the case of the Mexican Peso Crisis in 1994‚ this paper will detail the reasons and summarize the lessons of the event. Moreover
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CHAPTER 2. FOREIGN DIRECT INVESTMENT AND THE MULTINATIONAL CORPORATION 2.1. INTRODUCTION International business activity is by no means a recent phenomenon. The lives of Phoenicians and Carthaginians‚ in the ancient world‚ were deeply dependent on international business. This economic activity included foreign direct investment (FDI)‚ joint ventures and strategic alliances‚ among other forms of internationalisation (Moore and Lewis‚ 1999). Several multinational corporations (MNEs) can
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This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: China ’s Growing Role in World Trade Volume Author/Editor: Robert C. Feenstra and Shang-Jin Wei‚ editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-23971-3 Volume URL: http://www.nber.org/books/feen07-1 Conference Date: August 3-4‚ 2007 Publication Date: March 2010 Chapter Title: China ’s Current Account and Exchange Rate Chapter Author: Yin-Wong Cheung‚ Menzie
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the paper examines the root causes of the large and persistent current account surpluses that have emerged in the region since the Asian crisis. The paper also explores the consequences of global imbalances for the region‚ in terms of welfare and economic growth. Based on the analysis‚ a number of concrete policy directions are recommended that will help Asia rebalance its demand and growth toward domestic sources. I. INTRODUCTION Global imbalances or‚ more precisely‚ global current account
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