Sunday, February 16, 2020

The nternational economic forces Assignment Example | Topics and Well Written Essays - 2250 words

The nternational economic forces - Assignment Example This essay discusses that in European countries global economic factors and international economic conditions have been creating significant impacts on their various economic conditions. After the World War II economic conditions of these countries have been changing to great extent and these economic conditions are increasingly becoming dependent on international economic as well as financial factors. Governments and economic policymakers of these countries have been trying to implement various economic policies, including both fiscal and monetary policies aimed at reducing the level of intensity of international economic factors in the process of creating negative impacts on economies of these countries. These economic problems are associated with various economic factors, such as inflation, unemployment, lower level of income, detrimental effects on growth aspects of these countries, demand side as well as supply side obstacles etc. In these various fiscal as well as monetary poli cies have been introduced by the governments and policymakers of these countries. These policies have been introduced in order to mitigate if the negative effects of global economic and financial crises and also to reduce the level of dependence of these countries on international economic forces. International economic forces are those economic forces which are created mainly in the global or international market by various global or international economic agents, but affect various economic and financial conditions of the national economies. ... he World War II economic conditions of these countries have been changing to great extent and these economic conditions are increasingly becoming dependent on international economic as well as financial factors. Governments and economic policymakers of these countries have been trying to implement various economic policies, including both fiscal and monetary policies aimed at reducing the level of intensity of international economic factors in the process of creating negative impacts on economies of these countries (Acs and Szerb, 2012, p.15). These economic problems are associated with various economic factors, such as inflation, unemployment, lower level of income, detrimental effects on growth aspects of these countries, demand side as well as supply side obstacles etc. In these various fiscal as well as monetary policies have been introduced by the governments and policymakers of these countries (Dornbusch et al., 2012, pp.149-151). These policies have been introduced in order to mitigate if the negative effects of global economic and financial crises and also to reduce the level of dependence of these countries on international economic forces. International economic forces: International economic forces are those economic forces which are created mainly in the global or international market by various global or international economic agents, but affect various economic and financial conditions of the national economies. These international economic forces sometimes create positive effects on the national economies; however they also create negative or detrimental effects on economic aspects of national economies as well. One of the most important international economic forces has been the global financial and economic crises of recent times which have not only

Sunday, February 2, 2020

The Role of Non-Executive Directors for the Best Work of Corporation Essay

The Role of Non-Executive Directors for the Best Work of Corporation - Essay Example This paper illustrates that corporate governance is mainly concentrated on the problem of a safety mechanism which ensures the interests of shareholders and the interests of the directors managing the company are aligned and observed. In fact, it deals with the ways in which suppliers of finance to the corporations assure themselves of getting a return on their investment. The governance problem arises when managers’ or directors’ interests of maximizing their own wealth, power and prestige and shareholders’ interests of increasing the value shareholders’ equity collide. This misalignment of interests was addressed by the agency theory developed in the West. The theory assumes that interests of managers and principles or owners are not aligned because of the separation of ownership and control and the only mechanism to safeguard shareholder’s interests is to implement appropriate governance structures. The agency problem in the United States and the United Kingdom is between the management/board and outside diverse shareholders while in continental Europe and Japan and East Asian markets with their concentrated ownership structure the main conflict is between the major owners/directors and minority shareholders. Corporate scandals such as notorious Enron, Tyco, WorldCom, Polly Peck, HIH Insurance, and OneTel suggested the need for changes in corporate governance regulations all over the world. As trust towards company insiders as well as to auditors, analysts or regulators was shattered, governments started to think over regulations which would prevent such unfair practices. As the board of directors represents the interests of shareholders and controls\supervises the management, its effective functioning is a strong corporate governance mechanism.Â