Political Economy IPE is about interplay of economics and politics in world affairs. The core question of IPE is: what drives and explains events in the world economy? For some peoplethis comes down to a battle of ‘states versus markets’. The ‘markets’ for world economy are not like local Street bazaars in which all items can be openly and competitively traded and exhanged. Equally‚ politicians cannot rule the global economy. World markets and countries‚ local firms and multinational corporations that
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CentrePiece Spring 2005 Multinational firms are demonised by anti-globalisation campaigners. Yet according to a new book by Tony Venables and colleagues‚ the evidence is that they are generally a force for prosperity in the world economy. Multinationals: heroes or villains of the global economy? F oreign-owned multinationals employ one worker in every five in European manufacturing and one in seven in US manufacturing. They sell one euro in every four of manufactured goods in Europe
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few tools for currency risk identification and for choosing a proper hedging instrument. This Thesis seeks to help firms manage risks better by defining the currency risk exposures of a multinational corporation‚ by describing their effects on the cash flows‚ profit and loss and balance sheet of the corporation as well as by comparing the applicability of currency forwards and currency options in hedging these exposures. The exposure framework is constructed based on an extensive literature review
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INTERNATIONAL FINANCE CORPORATION STRUCTURE 6.0 objectives 6.1 Introduction 6.2 Ownership and management 6.3 IFC’s Objectives 6.4 Funds of IFC 6.5 IFC’S Strategic Focus 6.6 Financial Products & Advisory services of IFC 6.6.1 Financial Services 6.6.2 Advisory Services 6.7 Project Cycle 6.8 Summary 6.9 Practice Questions 6.10 Suggested Readings 6.0 OBJECTIVES After reading this chapter the students should be able to: 1. know what is IFC. 2. understand its
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Paper of International Political Economy Of Michael Veseth Syville S. Sebastian BPS 4-1 Prof. Adam Ramilo “International Political Economy (IPE) is the rapidly developing social science field of study that attempts to understand international and global problems using an eclectic interdisciplinary array of analytical tools and theoretical perspectives” -Michael Veseth. The domain of International Political Economy is expanding beyond issues such as‚ international trade‚ international finance
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presentation and the topic was Multinational Corporation vs. Host Country. The three groups that are presenting are Perseverance‚ Esprit de Corps‚ and Royal. . The consortium name is Galaxy Consortium. The presentation started with the opening ceremony when they invited Mr.Said switch on the light. The first group present was Perseverance and the two presenters were Lee Seng Kiat and Yap Kian Hong. They start the presentation on what are Multinational Corporation and the reason to become it. The
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Ethical Issues Associated with Multinational Corporations Navigating the boundaries between right and wrong can prove tricky for companies that operate in several nations and across cultures. Business ethics is the study and evaluation of decision-making by businesses according to moral concepts and judgments. Ethical questions range from practical‚ narrowly defined issues‚ such as a company ’s obligation to be honest with its customers‚ to broader social and philosophical questions‚ such as a
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Theory‚ Multinational Corporation‚ and Religiosity Over time‚ the raising issue on agency theory where conflict of interest between shareholders who act as the principal and managers who act as the agent has become a big research topic in corporate governance. Fama and Jensen (1983) argue within large and small organizations there is control instrument that deals with the agency problem caused by the separation of ownership and control. The same issue intensifies within multinational corporations (MNCs)
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International Drilling Corporation Case Write-up In the case study ”International Drilling Corporation”‚ Taylor described that the problem as many people either “didn’t know about what was going on” or “knew and just didn’t care.” Upon further inspection on the case‚ it was evident that many IDC executives were aware of company’s wrongdoings‚ but simply decided not to take any action. However‚ if I were Don Taylor‚ I would choose to report SEC. I believe this is the most ethical and logical decision
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Development Corporation (IDC) of South-Africa‚ a government owned development bank. Mozambique is one of the poorest countries in the world and only recently emerged from a 17-year civil war that had destroyed the country’s infrastructure. Both parties would each own 25% of Mozal by an equity investment of $125m. Ownership of the remaining equity stake of $250m is still to be determined. To be able to attract additional funding‚ the sponsors require needed to involve the International Finance Corporation
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