Economics

Are Aid the Voluntary Programs Helpful

Introduction Aid refers to voluntary transfer of resources mostly financial from one region to another that is deemed deserving; this is normally an act of philanthropy. This type of assistance exists even in a larger scope with nations often helping each other. In such a scope, it is thus defined...

Monetary Policy and Stock Price Volatility

Introduction Today’s financial markets are more interlocked than interlinked than ever. The effects of any major economic event have the potential to sprawl globally, affecting local economies and transforming the global economy on the whole. The last few decades have been marked with unprecedented economic volatility that has compelled the...

Impact of Financial Crisis on M&A

Financial crises, especially those termed as global financial crises, have made businesses of all sizes (small, medium and even larger ones) to enter in to a very undesirable situation. They have formed what can be termed as a new world order in which local and global companies are using a...

Role of UAE Central Bank in Maintaining Price Stability

Study Background Introduction In economy, inflation is the increase in the price levels of commodities. The level of inflation in a country has both the direct and the indirect influences on the economic development. Positive changes in the economic development entail an improvement in the standards of living of people...

Export vs. Sustainability Trade in Saudi Arabia

Introduction Since the beginning of the twenty-first century, international trade has remained significant in the global business arena. Since the beginning of the 21st century, global trade has expanded to its current $ 20 trillion worth (International Monetary Fund 11). Due to the boom in international trade, nations across the...

Economic Globalisation in the 19th and 20-21st Centuries

Introduction Globalisation has been a phenomenon affecting world business and economy since Columbus and Da Gama started their voyages from the Mediterranean and the Cape of Good Hope. It is a part of world history, in the conduct of world trade and commerce, including political practices of nation-states. Globalisation is...

Two Models in Macau as Gaming Destination

Introduction Macau was established by the Portuguese in 1557, and the Macau-Portuguese authorities first legalized gambling in 1847. The monopolies acquired exclusive rights to the industry in 1937. The Sociedade de Turismo e Diversoes de Macau (STDM) won a monopoly concession in 1962 and obtained dominance of the gaming industry...

The Financial Sector and UAE’S Economy. Analysis

Abstract The financial sector and UAE’S economy as a whole have experienced a remarkable growth since the global crisis. Banks have embraced technology and have expanded to offer customers easy access to products and services. However, there have been inefficiencies resulting from competition, poor risk management and poor quality of...

Customer Relationship Management System in the UAE Banking Sector

Introduction This research aims at developing a framework for customer relationship management (CRM) in the UAE banking industry. It will utilize best practice examples from successful foreign institutions together with local conditions within the UAE. The study will lead to greater CRM outcomes hence higher profitability. Statement of the problem...

The Efficiency of Financial Institutions in UAE

List of Abbreviations AED UAE Dirhams (..) Not Available (-) Zero or Insignificant CB Central Bank LC Local Currency FC Foreign Currency Money Supply (M0) Currency in circulation + Currency in the Bank Money Supply (M1) Money in circulation – Money with Banks + Deposits with local currencies Money Supply...

The UAE Central Bank: Role in Maintaining Price Stability

Inflation denotes a period of consistent increases in the price level of a country’s commodities, that results in the devaluation of its currency in the international markets. The level of inflation in a country has both direct and indirect influences on the economic development of that country. Positive changes in...

Post-global Financial Crisis World: Canadian Banking Model vs. the US

Abstract This paper analyzes the performance of Canada and America in mitigating the effects of the 2008 Global Financial Crisis. There are many reasons advanced for Canada’s better performance throughout the crisis, but this paper mainly focuses on the cultural and lobby forces that distinguish both systems from one another....

Role of UAE Central Bank in Maintaining Price Stability

Introduction In economy, inflation is the increase in the price levels of commodities. The rate of inflation in an economy has direct impact on the economic growth of the country. Positive changes in the economic development entail an improvement in the standards of living of people from that particular region....

Why Nigeria Lng Has Been Restricted in Development

Delays in Brass LNG Project Takeoff The Brass LNG project, estimated to be among the biggest natural gas projects in the world in terms of its capacity, is failing to woo investors. The previous anticipation of the company’s expected production performance now appears to be unrealistic because investors who were...

DSO and Profit Margin for Schneider Electrics Analysis

Introduction The recent history of the financial crisis faced by businesses, lowering of the banks’ cuts of loan balances, rise of the interest spreads and intensified red tape, firms have realized that the daily finances of the firm and the cash flow has to be strictly regulated and controlled. Further,...

Determinants of Exchange Rate in Nigeria

Abstract Nigeria has witnessed endless periods of volatile exchange rates. To date, the country has still not been able to stabilise its exchange rates, despite the growing importance of the Nigerian economy in Africa’s growth potential. Exchange rate fluctuations remain a very important macroeconomic concern among many economists in Nigeria...

Russian Federation’s Accession to the World Trade Organization

Introduction Background Information The World Trade Organisation (herein referred to as WTO) is tasked with the role of supervising and liberalising the international trade between countries. The organization as it is known to many people today started its operations on 1st January 1995 (Rapoza 2011). According to Aslond (2010), the...

Financial Services Authority in the UK: Case Study

Introduction Financial regulation is a very important aspect in any country. A regulator ensures that banks and other financial institutions carry out financial transactions in a proper way. This encompasses protecting the interests of their customers as well as avoiding financial misconduct. In the UK, Financial Services Authority is the...

Calendar Effect in Hong Kong Stock Market HSI

Introduction Hong Kong Stock Exchange (HKSE) is the second largest stock exchange market in Asia. The HKSE was established in the 19th century (McGuinness 2006). Today the market ranks among top ten in the market capitalisation. The market hit a record market capitalisation of US$1,063.9 trillion in 2010 and was...

Metro Bank’s Difficulties in the United Kingdom

Introduction Metro Bank PLC is the first bank that has been established in the UK for more than 100 years. The bank entered the UK in the backdrop of tough regulation in the backdrop of the crash of Lehman brothers but banks on the customers who are ignored by high...

Political Economy: Oil and Gasoline in Venezuela

Introduction Venezuela has huge reserves of natural resources with oil and gasoline reserves being some of the country’s greatest assets. This is a clear indication that the country has the capacity to realize economic sustainability and remarkable development in social aspects. However, Venezuela still grapples with the challenges of poverty...

Comparing Swiss Banks to European Banks

Introduction The European Union has a developed banking system with approximately 8,000 banks. Within this group, huge international banks have arisen, which have a considerable market stake. The legal, regulatory, and supervisory framework has not been able to keep up with this rapidly growing cross-border presence, notably the centralization of...

Mena Political Unrest: Case Study on Gcc Cds

Introduction Timeline of Events in MENA In the recent past, the Middle East and the North African States (MENA) have experienced endless periods of socio-political unrest. These unrests have spread to about 12 Arab states. Already, the unrests have claimed respected world leaders such as the former Tunisian president, Zine...

Emerging Islamic Finance Industry in New Zealand

Introduction Islamic Banking has proven to be one of the best financial solutions. Earlier, Muslims used to avoid placing their funds as term deposits where they could earn good interest as profit. They used to avoid as interest is strictly prohibited in Islam. However, interest can get those a good...

The Islamic Banking System

Introduction Islamic banking (ISB) is very unique due to the legal concepts it contains, which are based on the Islamic faith. This banking system adheres to Sharia law and is implemented in many Islamic states across the globe. The three pillars of Islamic banking are Aqeedah (faith), Sharia (laws regulating...

Corporate Governance Effects on the National Banks in the UAE

Study Background The UAE ranks among the best investment destinations in the world, probably due to the political and economic stability enjoyed, despite challenges in the region. Apart from undoubted stability demonstrated to the investor world, the investor community needs tangible assurances of management competence. Aware of the attention that...

Hong Kong Stock Market Hang Seng Index: The Calendar Effect

Background Hong Kong Stock Exchange (HKSE) is the second largest stock exchange market in Asia. The HKSE was established in the 19th century (McGuinness 2006). Today the market ranks among top ten in market capitalisation. The market hit a record market capitalisation of US$1,063.9 trillion in 2010 and was ranked...

Calendar Effect in Hong Kong Stock Market

Background The Hong Kong Stock Exchange (HKSE) is the second largest stock exchange market in Asia. The HKSE was established in the 19th century (McGuiness 2006, p. 892). Today the market ranks among top ten in the market capitalization. The market hit a record market capitalisation of US$1,063.9 trillion in...

The Poor Work Quality in Construction in the Kingdom of Saudi Arabia

Abstract This paper has focused on accomplishing two specific objectives, the first was to evaluate the cause of delays in the construction and development projects in Saudi Arabia while the second involved proposing. strategies for improving construction projects in Saudi Arabia. Through the investigation of this study, it was determined...

The Future of the Dollar Standard: Will It Be Replaced by Renminbi

Abstract The main aim of this study was to determine the future of the dollar standards and whether it will be replaced by the Renminbi. The study focused on the capacity of China to strengthen her currency. The study explored various factors that could contribute to strengthening the Renminbi, in...

Recent Economic Crisis and the Caribbean Banking Industry: Impacts and Measures

Introduction The main causes of the present global financial crisis are of structural nature. Firstly, the practices forming the new financial architectures comprise of international systems of big investment banks and hedge funds that are inefficiently regulated or fall short of the required regulations. Secondly, the global financial recession occurred...

The Future of Investment Arbitration in Iraq

Introduction Investment arbitration is usually instigated by local or international investors on issues encompassing the settlement of disputes regarding investment treaties. Usually, such arbitrations are governed by investment laws, bilateral treaties, and multilateral treaties (and regulations) which are often referenced in times of problem-solving. Common arbitration procedures often occur between...

Foreign Direct Investment: Implementation in Africa

Introduction The role foreign direct investment (FDI) plays in ushering economic growth in developing countries cannot be accentuated as much as necessary. FDI is a well-known catalyst in boosting investment in the domestic market. Further, FDI helps in transferring of technology and scientific expertise in the developing countries, as well...

The Impact of a Working Capital Management on Firm’s Profitability

Introduction Rationale of the Topic The author’s discussion concerning retail industry and working capital management has been motivated by living amidst members who operated retail business. This, therefore, signals the presence of in-built experience and cohesion as well as eagerness to evaluate the management of various components of working capital...

The Future of Investment Arbitration in Iraq

Investment arbitration is usually instigated by local or international investors on issues encompassing the settlement of disputes regarding investment treaties. Usually, such arbitrations are governed by investment laws, bilateral treaties and multilateral treaties (and regulations) which are often referenced in times of problem solving. Common arbitration procedures often occur between...

Islamic Mortgage System as a Solution for the Credit Crisis

Abstract The purpose for this proposal is to lay out the study foundation and also give light on the Islamic Mortgage system as a solution in insulating against credit crisis. The study will use comparative approach, descriptive design and analytical method to examine the Islamic Mortgage System and Conventional Mortgage...

Islamic Mortgage System a Solution for Current Financial Crisis

Abstract Ever since the Global Financial Stability Report issued in October 2008, perils to worldwide monetary steadiness are greater now than ever before, indicating a narrow-minded turnaround in development made over the precedent three years. The swiftness of the trade and industry recuperation has been a sluggish, halted growth in...

Natural Gas Utilization Master Plan in Nigeria

Abstract Nigeria has become important in the world as a supplier of oil and natural gas because of reducing crude oil reserves. The key forces shaping Nigeria Natural gas industry are global warming, improved associated gas recovery technologies, economic forces, and international energy security. This project aimed at developing a...

Study on Asset Pricing Model in Chinese Stock Market

Introduction The Asset Pricing Model illustrates the affiliation among risk and anticipated return that is applied in the costing of safety and security. The universal thought following Capital Asset Pricing Model is that shareholders require to be recompensed in two factors. The first one is time value of money and...

Syndicated Loan Market for Developing Countries

Abstract The purpose for this research is to evaluate the financial sector market of the UK and use the same to give light on how developing countries can build strong syndicated loan market in the future based on lessons learned. The study uses comparative approach, descriptive design, and analytical method...

Arbitration of International Investment Disputes (Iraq)

Iraq has in the past experienced a poor economic performance because of the US-led invasion in 2003. Before the US-led invasion, Iraq’s economy was fairly stable and run by a central government, but the most prominent feature of the Iraq economy was its strict prohibition of foreign business ownership of...

A Strong Syndicated Loan Market in Developing Countries

Abstract The reason for this proposal is to lay out the study foundation and also give light on how developing countries can build strong syndicated loan market in the future. The study will use comparative approach, descriptive design and analytical method to analyze the United Kingdom experiences on the financial...

A Study on the Growth of Islamic Finance

Literature Review History and Overview of Growth of Islamic Finance According to El-Gamal (2006), Islamic finance started such a diminutive industry in several GCC nations in the 1970s, which differentiates this commencing conventional finance in its noticeable consistency with the dogma of Islamic regulation named Shari’a; while its progress has...

Recent Economic Crisis and the Caribbean Banking Industry

Introduction Research Question The investigation will focus on the impacts of the recent economic crisis and the measures that were taken to save the banking industry in the Caribbean region. Hence the central question will be: How did the recent economic crisis affect the performance of the Caribbean banking industry?...

Emerging Stock Markets Integration in the Middle East

Introduction This study will analyze the emerging Middle Eastern stock markets comprising of Dubai stock market, Abu Dhabi securities market, Cairo stock exchange, Amman stock exchange, and Kuwait stock exchange. It has been noted that Middle Eastern stock exchange markets have been growing both in size and participation of late....

Weekend Effect on Stock Markets

Background information Empirical evidence singles out weekends as primary factors of trading as the week starts. The weekend after the effect has become one of the most intricate contexts for stocks forecasts with fewer experts managing to have a comprehensive resolve to cap stocks volatility. The markets, according to empirical...

Business Ethics: Who Is to Blame for the Financial Meltdown?

Introduction The recent global financial meltdown left the world economy in a terrible condition. The economic power houses such as France, Japan, Great Britain, Russia, China, and the sole superpower, the United States of America trembled. A series of bailouts had to be carried out especially in the United States...

Business Ethics: Who Is to Blame for the Financial Meltdown?

Introduction The recent global financial meltdown left the world economy in a terrible condition. The economic power houses such as France, Japan, Great Britain, Russia, China, and the sole superpower, the United States of America trembled. A series of bailouts had to be carried out especially in the United States...

The Gross Domestic Product (GDP) Trend Providing Trade Opportunities

The newly published preliminary estimation of fourth quarter GDP growth rate seems to consumer confidence in the stock market. The GDP is estimated to have grown at an annual rate of 5.7% since the third quarter. This is the fastest growth rate since the third quarter of 2003. This highlights...

Personal Financial Planning

Introduction Good budgeting and financial planning can be the determining factors in an individual’s financial future. However, good personal financial planning is not an easy fete to achieve; it requires a lot of discipline, dedication, and sacrifice. In order to have a financial base that is stable for the future,...

Impacts of Dividend Payments on Performance

Abstract The purpose of this dissertation shall be to evaluate the impacts of dividends on a company’s performance. The undertaking shall focus on both domestic and foreign entities which have invested in the various stock markets across the globe and analyze the extent to which these shares and their dividends...

Role of Islamic Banking in Reducing Inflation in Saudi Arabia

Introduction Background information Financial institutions are important institutions for the development of any economy. The role of banks in the global economy is clearly evident as banks play a major role in the economic trend. Islamic banks have emerged as key institutions in economic development in the recent past. Islamic...

Qatar vs. UK: Consumers’ CSR Awareness

Abstract The main aim of the study is to compare the level of consumers’ CSR Awareness in an Emerging Market (Qatar) versus a Developed Market (UK. The approach among the consumers towards the concept of corporate social responsibility is identified, analyzed and compared with these two countries. Corporate social responsibility...

Methods for Estimation of Profitability From Real Estate Projects

Abstract The purpose of the study is to examine the factors affecting the profitability of real estate investment projects and their impact on the profitability of such projects. The study explores in detail the different methods and techniques available for use by the real estate developers for estimating the profitability...

Investment: Real Estate in Turkey

Creation of decision-model for second home real estate development in Turkey by foreign developers Outline This study seeks to examine the techniques by which intended revenues and project results of second home development projects by international property development businesses could be ensured. While it is seen that the investment climate...

Exchange Rate in the UK: Empirical Examination of the Monetary Model

Introduction The exchange rate that prevails in the market is of great value to many government policy makers and economists in today’s world because of globalization. The determination of the exchange rate becomes of paramount importance due to the impact it has on the economic performance of the economy. Early...

Poverty Reduction in Developing Countries

Introduction The causes of poverty in developing countries involve culture, climate, gender, markets, education, public policy among other things. The worst affected areas are the rural settings where majority of the population resides. In this report we are going to look at the causes of poverty in developing countries especially...

Mergers and Acquisitions with Chinese Related Entities

Abstract This study sought to evaluate the factors that affect the stock performance of listed companies after mergers or acquisitions with Chinese-related entities. It utilized the CAPM analysis, financial method, and regression analysis to achieve its objectives. The study came up with interesting and insightful findings. First, the shares ownership...

Decision Theory and Real Estate Development

Like any long-term investment, the weighing of return and profit potential must be balanced against the availability and costs of the factors of production, alternative investment opportunities, and numerous risks. In this section, we address decision stages, theory and models in general while justifying and mining the decision model in...

Online Payment of Traffic Violations Tickets

Background A traffic violation ticket can be considered to be a legal citation or summon which is issued to vehicle owners and people who use the roads by the state’s law enforcement officers in case they have been found guilty of disobeying the state’s particular traffic laws. The traffic violation...

Risk Management in the United Arab Emirates’ Public Sector

Introduction Risk governance strategies are evolving in line with the changing internal and external forces in an organizational setting. According to Bai (2014), the emerging technologies, increasing globalization, and advancements in various sectors of the economy have created a new platform for auditing and managing risks in modern society. The...

Sales Staff Behavior of Credit Card Sales in Penang

Abstract The objective of this dissertation to present a coordination of shifting dynamics of the sales staff behavior along with the consequential factors affecting customer’s respond. Here the study ground is the credit card sales staff in Penang, Malaysia and their associated customers of the location. The organizations concerned with...

Customer Satisfaction and Effective Customer Service

Foundation of the Study Background of the Problem In modern and dynamic business environments, effective communication with customers is critical to achieve a higher level of customer satisfaction (Alidadi & Nazari, 2013). Customer satisfaction has an important role in the overall profitability and performance of businesses, as well as in...

Retail Banking Strategies of RBS and BNP Paribas

Abstract Factors like cross-border consolidation and expansion, introduction of new service distribution channels, and pressures from the stockholders have significant impact on the dynamic of the retail-banking sector across the globe. The increasing competition with high intensity and dwindling profit margins have forced banking institutions to look beyond their existing...

Post-Disaster Development of Haiti

Introduction This paper is aimed at discussing the redevelopment plan of Haiti. Currently, this country faces a great number of economic and developmental challenges. It is possible to identify the steps that could have been taken by a person who has unlimited political authority. They are mostly related to such...

The Impact of Financial Risks on the Governmental Projects in Dubai

Introduction The government of Dubai has committed a lot of resources to a series of public projects that are meant to change the phase of this city. These megaprojects are meant to turn this city into the world’s leading tourist destination. These ambitious projects have received praises from various members...

The Sabernes-Oxley Act: History and Ethical Components

Introduction One of the main purposes of the law is the protection of society and the government to ensure that the peoples’ rights are properly protected. This purpose is the core reason behind the formulation of most laws, particularly about the property. For instance, institutions involved in the financial markets...

The Income Gap in the U.S. Economy

Introduction According to Margin Calls (2013, par. 2), a survey was conducted in December 2012 by the FDIC to establish the financial well being of Americans. The outcome of the study indicated that one in every 12 households in the U.S. lacked a current or a savings account, and the...

Ricardian and Heckscher-Ohlin Models of International Trade

This piece of essay contains discussions about the following: Rucardian model of international trade, assumptions of the model, and the model’s view of the gains from free trade and the determinants of the relative extent of the gains. Discuss about Heckscher-Ohlin model of trade, assumptions of the model, what determines...

The History of Globalization: Three Main Waves

Introduction Authors like Wallenstein, Cooper, and Hobsbawn hold that a specific historical demarcation of globalisation does not exist. Instead, what exists is a randomly conjoined shamble of recent eras starting from the seventeenth century onwards. However, Wallenstein and fellow theorists ascribing or contributing to the literature on globalisation have their...

Is Globalisation Simply Imperialism by Another Name?

Introduction The question, “Is globalization simply imperialism by another name?” arouses the mind to active deliberations, analyses, and conclusions regarding what may, at first sight, appear to be an obvious social good, viz. globalization. However, after careful consideration, it becomes apparent that it may be a social ill, at least...

Dynamic Pricing of Hotel

Hotel capacity is defined as a product that cannot be stored or transported (Schutze, 2008). It is defined as an immaterial hospitality product. Owing to these vital features, various hotels offering airline services are likely to use prices that can easily be changed when they are supply the perishable goods...

The Nature Lab in Columbia

Political and Business Environment in Columbia Columbia is a country situated in Latin America. It has many market opportunities that ensure growth in investment and exports, which are fueled by good combination of business policies, political and economic stability, a flourishing government-led safety and security strategy and a diversified economic...

The Causes and Possible Future Outcomes of the European Debt Crisis

Introduction The economic and financial crisis in 2008 and 2009 considerably affected both the emerging and poor economies around the world. In 2008, worldwide industrial output decreased by 20 percent, while developed and emerging economies’ output fall by around 24% and 14%, respectively (Blundell-Wignall, 2012, P. 4). Uncertainties of a...

Sales Staff Behaviour of Credit Card Sales in Penang

Acknowledgments This dissertation may not be completed without the mutual aid, guidance and support of a few personalities and organisation where the University adopted Supervisor, Dr. Chua, Principal, Mantissa College, was the foremost resource of the inspiration and motivation to this dissertational effort. He has extended his vital backing through...

Economic Impact of Professional Sports

The economic impact of professional sports Sports are a good means of creating a distraction away from stressful aspects of our lives. Sporting events have their own roles in different cultures and have a way of bringing the people together. Advertisers and sponsors have seen this as an opportunity to...

The Role of Consumer Decision Making and Choice in Augmenting C-To-C Buying Behaviour

Introduction The purpose of this chapter is to provide a literature review on Consumer buying decision-making process and the consumer behaviour. The chapter forms the foundation of my dissertation. The chapter illustrates the divergent views and opinions that have been advanced by different scholars on the subject. The objective of...

Fiscal Decentralisation and Local Economic Development in Ghana

List of Abbreviations AG = Auditor General BMA = Bayesian Model Averaging BNI = Bureau of National Investigations CAG = Controller and Accountant-General CAGD = Controller and Accountant-General’s Department CBI = Central Bank Independence CIDA = Canadian International Development Agency CPI = Corruption Perceptions Index DACF = District Assemblies Common...

Decision Making in Finance

Executive summary The purpose of this paper is to develop a comprehensive managerial report for the decision-making procedures in solving financial problems. Seneca Hill Winery, a hypothetical company specializing in winemaking, is used as the case study to examine the appropriate decision the company should make when considering plating one...

Socio-Economic Background of Saudi Society and Its Impact on the Financial Sector

Introduction The Kingdom of Saudi Arabia is one of the largest countries in the Middle East, bordering Iraq, Jordan, Oman, Yemen, United Arab Emirates, Kuwait, and Qatar. The country is largely an Islamic nation given the fact that most of its citizens are Muslims. According to Al-Mulhim (2009), Saudi Arabia...

How Does China’s Economics Influence U.S.

Introduction The United States and China are the world’s largest economies and they have had a positive bilateral trade for many years. China is home to about a third of the world’s total population. This is a large market that cannot be ignored by the United States. On the other...

Linear Regression Modeling of GoldCorp Share Price vs. Spot Gold

Introduction The study sought to determine if Spot Gold prices and Treasury bill returns can be used to predict the returns on Goldcorp’s share price. Goldcorp’s share prices were the dependent variable while spot gold prices and Treasury bill returns were the independent variables. The daily prices for all assets...

World Trade Organization: Economic Benefits

Introduction The idea of free trade has been embraced worldwide owing to the vast believe that it leads to profound economic benefits such as creation of employment, foreign exchange gains, and proficiency of production (Rivoli 2005). Many countries, including the rich and developing ones, have entered into the unions where...

How is the Development of Globalized Research Possible?

Introduction There are four characteristics that are in demand within a technology oriented enterprise, namely: high market responsiveness, fast developments, low cost, and finally high levels of creativity, innovation and efficiency. What must be understood though is that such characteristics are dependent upon the type of technical teams that are...

KiKos and the South Korean Won Analysis

The international system of banks, loans, and transactions is based on the sanctity of agreements between different parties participating in the process. In theory, unless the agreement was made on an unlawful basis, its power is absolute, and the sides that signed it are expected to follow the agreement to...

Disasters That Affect Economy

The majority of the natural disasters have a serious impact on the economy. These include hurricanes, earthquakes, floods, and many other natural calamities. For any given corporation, the damage is rather evident – natural disasters destroy equipment and buildings. Moreover, it can also influence human capital and worsen production capacity...

The Most Effect Types of Disasters on the Economy

Natural disasters pose numerous threats to the normal functioning of the society. Aside from the more obvious physical destruction they are associated with, these events often create long-term negative impacts on the economic development of the region (Benson & Clay, 2004). In the areas that are more prone to the...

The Negative Effects of Natural Disasters on an Economy

Natural disasters constitute a serious detriment to the development of society. In addition to the obvious physical threat associated with these events, numerous effects are attributed to them that undermine the quality of life of the impacted population (Marshall & Schrank, 2014). The areas that raise greatest concerns are the...

Development Traps and Failure: The Negative Consequences of Disasters on an Economy

The increasing number of natural disasters all over the world is truly mesmerizing and scary at the same time. Humanity repeatedly addresses the issue because the number mentioned above increased nearly by 400% where various storms, hurricanes, and floods contribute to 70% of the dreadful events. The regions that are...

Against Neoliberalism as a Concept

As of today, there is no universally accepted definition as to what Neoliberalism (which is both an established theory and business philosophy) stands for. Partially, this can be explained by the fact during the recent few decades, the Neoliberal socioeconomic paradigm has undergone a qualitative transformation, which resulted in spawning...

Diversifying Funds and County Libraries

Introduction to the Study The amount of funding that libraries receive, affects the quality of services they can offer. In the United States of America, federal, state, and local i.e., municipal and government funding are the main sources of money for public libraries (Institute of Museum and Library Services, 2010;...

Client-Consultant Relationship

Introduction This paper focuses on examining the different viewpoints of the functional and critical perspective when it comes to the implementation of management consultancy practices. It seeks to examine the current relationship between clients and consultants based on other perspectives and attempts to analyse how both perspectives try to secure...

Regulation of Capital Adequacy in European Banking

Introduction Over the past few years, the European banks have struggled to gain traction from the negative impact of the 2008/2009 recession. Subsequently, most European countries are characterized by slow economic growth in addition to tightening the regulatory environment (Putnis 2014). Furthermore, banks are under intense pressure to minimize risk...

Capital Adequacy Regulation in Banking: ICAAP and SREP

Introduction The global banking system has gone through turbulence over the past few years due to diverse macroeconomic changes. Subsequently, banks have experienced inadequate high levels of capital. Strong capital requirements comprise one of the fundamental conditions in promoting stability within the banking industry (Barth, Caprio & Levine 2006, p....

International Policies: 3-Currency Monetary Union

Executive Summary Recent economic crises have highlighted the failures of current economic policies in expanding and improving the efficiency of international trade. This paper investigates the failures of international monetary policies and their effects on global commerce. It also explores the effects of introducing a currency basket as an alternative...

International Currency and Exchange Rates in China

Abstract This paper discusses the international currency structure and proceeds to investigate the Chinese exchange rate. As such, it is evident that most countries use different currencies and exchange rates to trade with different countries according to the comparative trading capabilities of those countries. Up to 1994, China was using...