Are fair trade labels good business
For the past thirty years several attempts have been made to describe consumers in terms of their concern about societal problems (Roberts, 1996). As society changed, this concern shifted towards other topics.
There was the socially conscious or socially responsible consumer in the seventies (Anderson and Cunningham, 1972), whose range of action did not reach further than his own community From the late
Global Financial System and Liquidity
Liquidity is the elephant in the dark room that is the global financial system. Everybody knows that liquidity is important, yet few would brave defining what it is, or how to gauge it accurately. One of the disturbing aspects of ‘liquidity’ is that its meanings and functions as a financial cate-gory vary according to the context and level of economic activity, as well as to the phase of the business cycle (Nesvetailova 2008). Liquidity of the market or a portfolio of assets during ‘good’ times is not the same as liquidity during an economic downturn or a financial crisis. Assets that are easy to sell when economic agents share a sense of optimism about their profitability, liquidity and safety, often turn out to be unwanted and expensive bundles of ‘illiquid’ debt when the sense of optimism evaporates. Hence ‘liquidity’ can evaporate literally overnight.
Diversification in Developing Countries
Many developing countries, including some of the poorest, have achieved significant export diversification over the past two decades, spurred by changes in technology and investments in infrastructure. Chandra, Boccardo, and Osorio (2008) observe that some degree of export diversification, as measured by the Herfindahl index, has been widespread: almost 60 percent of the developing countries diversified
Corporate Governance and Development
Definitions of corporate governance vary widely. They tend to fall into two categories. The first set of definitions concerns itself with a set of behavioral patterns: that is, the actual behavior of corporations, in terms of such measures as performance, efficiency, growth, financial structure, and treatment of shareholders and other stakeholders. The second set concerns itself with the normative
Global Economy and Globalization
Global Economy
The term Global Economy refers to an integrated world economy with unrestricted and free movement of goods, services and labour transnationally. It projects the picture of an increasingly inter-connected world with free movement of capital across countries, also. The concept of a global economy cannot be understood in isolation. For this, globalization nees to be
