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Taiwan as a Potential Regional Financial Center

Taiwan as a Potential Regional Financial Center Day Linim, viceminister of finance in Taiwan, views Taiwan's situation as entering a crisis phase that includes both opportunities and dangers. For him, Taiwan must act quickly in order to become the next major financial center in the region or it may lose its overall competitive edge in the global marketplace. He noted that Taiwan lacks important natural resources, so that it is even more important that its financial system provide the foundation for Taiwanese industry to be competitive in the global marketplace (Hutton, 1996). The intention in this paper is to look at the present situation in Taiwan to determine the potential…
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Small Business Activity in a Market Economy

Small Business Activity in a Market Economy INTRODUCTION The importance of small business activity in a market economy may be appreciated by considering the role of such activity in the economy of the United States. Applying the Nappi and Vora (1980) definition of small business (either fewer than 100 employees, or less than onemillion dollars in annual receipts), somewhat more than twothirds (67.9 percent) of all business enterprises in the United States are classified as small (U.S. Department of Commerce, 1982). These firms, in turn, accounted for 40.8 percent of nongovernment and nonfarm employment, 35.8 percent of sales revenues, and 32 percent of the country's GNP (U.S. Department of Commerce,…
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Saudi Arabia and OPEC

Saudi Arabia and OPEC Saudi Arabia is one of the world's major oil-producing countries and is a key force in the organization known as OPEC, the Organization of the Petroleum Exporting Countries. This organization has become more vital in world affairs in the last two decades and in the lives of Americans ever since the oil crisis of the early 1970s when OPEC limited exports and raised prices. Developing the oil sector has been a vital element in the economic well-being of Saudi Arabia, and this effort has been of vital interest to the West as well. Protection of the oil fields must be seen as one of the key…
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New Economy and its Consequences

New Economy and its Consequences During the late 1990s, the term, "New Economy," began appearing in articles and news reports as analysts sought to describe transactions that were largely Internet-based, or at least transactions which did not require consumers entering a brickandmortar store. Articles were written about the young entrepreneurs who were rewriting business rules, about companies where Casual Friday evolved into Casual Everyday, and how the New Economy would radically change the entire business landscape. As 2000 draws to a close, however, it is becoming obvious that the Old Economy is not going to go away entirely. Many of the touted "dot com" companies have gone bankrupt as they…
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Monetary Policy, Fiscal Policy & Supply & Demand

Monetary Policy, Fiscal Policy & Supply & Demand Monetary policy involves the regulation of the money supply and of interest rates by a central bank. In the United States, monetary policy is determined by the Federal Reserve Board. The goals of the Federal Reserve Board (the Fed) are to encourage economic growth, control inflation, reduce unemployment to acceptable levels and stabilize the exchange rate between the U.S. dollar and foreign currencies in the foreign exchange marketplace. Monetary policy is one the two ways the government can impact the economy. By regulating the cost of money, the Federal Reserve can affect the amount of money that is spent by consumers and…
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Modern Capitalism and Weber

Modern Capitalism and Weber Giddens (1971) discusses the thesis developed by Max Weber in his book The Protestant Ethic and the Spirit of Capitalism, published in the form of two long articles in 1904 and 1905. In these articles, Weber tries to show the beginnings of capitalism and to relate this to the spirit of the Reformation, that period when Protestantism developed, breaking away from the control of the Catholic Church and asserting not only a religious independence but a different social view that would also have an influence in economic matters. Weber finds that there is a connection between being Protestant and being a business leader and an owner…
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Black Progress Since Civil Rights

Black Progress Since Civil Rights Reaping The Benefits of Civil Rights The issue of black progress in America since the passing of Civil Rights legislation during the 1960s is a sensitive one because for too long issues of black versus white have remained a subject only for the intellectual elite with little public dialogue open to the issue. Because of this, different schools of thought have emerged. On the one hand, we have a school that argues that little progress has been made “They insist racism rules, black folks can’t catch a break and what passes for good news is nothing more than white folk becoming cleverer about masking their…
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Aircraft Pricing Outline

Aircraft Pricing Outline I. Competition in the airline industry has resulted in a twotiered pricing structure placing the business traveler in a disadvantageous position with regard to price. A. There is a finite number of seats on an aircraft; during peak demand periods, higher prices can be charged for a greater number of seats than during slow demand periods ("United Airlines," 1996, p.á1203CLTU007). 1. Leisure travelers, who are able to book their travel weeks or even months in advance, provide a steady source of income to airlines during periods when business travel is down (peak vacation periods and weekends). In this way, leisure travelers provide a steady source of income…
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Acquisition Strategy

Acquisition Strategy PROPOSED ACQUISITION TARGET FOR 302 CORPORATION: THE BOEING COMPANY Subject: PROPOSED ACQUISITION TARGET FOR 302 CORPORATION Pursuant to you request, this group conducted a search and an analysis for a potential acquisition candidate for the 302 Corporation. The group obtained the information necessary for the search and analysis from Business Week, The Economist, Financial Times, and Hoovers Online financial information services. The group also obtained additional information on the recommended target company ù Boeing ù directly from that company's Web site. The group recommends that the 302 Corporation acquire the Boeing Company. As Boeing is a major publicly traded firm, it will be necessary for the 302 Corporation…
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According to the official Bajaj Auto Limited webs

According to the official Bajaj Auto Limited webs According to the official Bajaj Auto Limited website online, Bajaj is a leading manufacturer of motorcycles, scooters or ungeared two wheelers, and three wheelers in India. The three wheeler is considered both as a passenger carrier and as an economical and reliable delivery vehicle. Bajaj is one of IndiaÆs ten largest companies in terms of market capitalization and as among the top five in terms of annual sales revenues. The company was founded in 1945. From 1948 to 1959, Bajaj imported scooters and three-wheelers from Italy but in 1959 the company obtained a production license. Bajaj started producing scooters in 1961 and…
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