<p>The society is changing faster than ever and more and more business is actively seeking help with their organisation. The theory in business management of our time is making man and nature more and more distinct from each other, it celebrates the intellect and logical thinking but forgets about our biological legacy. This paper is arguments for a more natural way of management and compares mankind’s communication with other developed species communication with emphasis on business management. For a durable and long-term development of the society it takes a whole new way of thinking; If everyone is selfish, no one gets anything but if everyone gives everyone gets – to give is to receive.</p><p>In order to connect the theory with the reality interviews and an exercise was carried out on a company in Mälardalen. The interviews were analyzed with the aid of concentrating sentences in to categories in order to survey the activity in the corporation. The exercises were carried out as a statement of the positive effect of cooperation and a giving instead of an egoistic way of acting.</p><p>This paper is to be seen as a wake up call and inspiration for further research than as a psychological or scientific thesis.</p>

The current international monetary system is very different from that of a few decades ago. Many of the old restrictions that had been placed on currency and capital movements between countries have fallen away in favour of a much more liberal international payment and investment system. The global financial arena is now characterized by greater currency instability, volatility and heightened financial risks. Exchange Rate risk is one of the complex topics in the economic world. Since there are so many factors in the financial market that influence a country's currency value, it becomes very risky for importers, exporters and portfolio investors to be involved in the international trade and financial markets. The purpose of this study is to gain an understanding on how the major economic indicators have an impact on the decision-making of the importers, the exporters and investors, to further influence the volatility of the Rand; and to provide various hedging and arbitraging strategies to reduce foreign exchange rate risks. The layout of the study is based on six chapters. Chapter 1 focuses on the background and scope of the study, mainly explaining the reasons, objectives and methodology of this study. An historical overview takes place in chapter 2, where a number of different exchange rate systems will be discussed. Chapter 3 reviews different exchange rate theories in order to support the empirical study in the next chapter. Chapter 4 focuses on an investigation and comparative study on how foreign investments and trade with developed countries have an impact on currency values and visa-versa. A number of management strategies for reducing exchange rate risks are introduced in chapter 5. Chapter 6 is the summary and conclusion of the research. / Thesis (M.Com. (Economics))--North-West University, Vaal Triangle Campus, 2009.

Background: Major attention within the field of Corporate Social Responsibility (CSR) has been devoted to developed countries in the Western world and only few studies have been researching CSR in the developing world. Specifically Europe has been considered as wholly developed even though there are still many European countries that are in transition, one of them being Bosnia and Herzegovina (BiH). Aim: The purpose of this thesis is to find out whether the current Western CSR framework can be applied to European developing countries, specifically to BiH, and whether companies’ attitudes and actions regarding CSR and consumers’ knowledge and attitude towards CSR match each other or not. Definitions: The term CSR generally refers to the impact business has on society beyond its traditional aim of solely seeking profits. Completion and results: A quantitative study in the form of surveys among companies and consumers (students) in BiH was carried out. The results revealed that the Western CSR framework is only limitedly applicable in BiH and that the knowledge about CSR is not on an advanced level and needs to be further developed. A communication gap between companies and consumers was identified.

The purpose of this study is to examine the volatility spillover among a country&rsquo / s foreign exchange, bond and stock markets and the volatility transmission from the global bond, stock and commodity markets to these local financial markets. The sample for the study includes data from both emerging and developed economies in the time period between 2004 and 2011. A multivariate GARCH methodology with the BEKK representation is applied for the local financial markets and global variables are included as exogenous variables into the model. The volatility integration of the financial markets of the emerging economies is stronger compared to the integration of the developed economies. Global variables have a spillover effect on the developed markets only after the global financial crisis, whereas they significantly affect the volatility in emerging markets for both the pre- and post-crisis period. North American countries in the sample, U.S. and Mexico, have low local volatility integration in the pre-crisis era and the integration rises in the post-crisis period. Moreover, they are more open to the internal and global short-term shocks in the post-crisis period. Germany and Turkey are the representatives of the EMEA (Europe, Middle East and Africa) region and they have high local market integration and are open to global shocks for both sub-periods. Far Eastern markets, Japan and Korea, also have high local market integration and their vulnerability to the global effects is large and getting larger for the post-crisis period. The most important limitation of this thesis is the difficulty of reaching sharp generalizations due to the small number of countries analyzed. This limitation can be addressed by the inclusion of a larger number of geographically dispersed countries. The most noteworthy originality of this study is the addition of the exogenous global variables for modeling volatility spillovers. Furthermore, comparison of results for emerging versus developed markets and the pre- versus post-crisis periods is another contribution of this study to the existing literature. The findings of this study can be used by investors interested in assessing the risks of investing internationally.

Master's thesis. / Format: PDF. Bibl.

The effects of globalization has created a new global consumer segment known as Cosmopolitanism. It is a globally substantial segment that captures “open-minded individuals whose consumption orientation transcends particular cultures, localities or communities and who appreciates diversity including trying products and services from a variety of countries”. In the same sense have global brands grown to take a central place on both developing and developed countries, and their competition with local brands has substantially increased. The Cosmopolitan consumer segment hold major strategic importance for global brands, but the understanding of this new segment has been markedly limited, especially on consumption related behavioral outcomes such as brand loyalty. Taking on a cross-national, comparative approach, the purpose of this study was; to understand the association between Cosmopolitanism and global brand loyalty in developing and developed countries.  Collecting data through online questionnaires in Sweden and Syria, 341 respondents were included within the study, and with regression analyses were three proposed hypotheses tested. The results showed a significant, but arguably weak, association between Cosmopolitanism and global brand loyalty. On the other hand, upon introducing economic development status as a moderating variable, it was seen that the association differed between the sampled countries, with a considerably stronger association in Syria. Managerial implications are presented based on these findings, and the paper is finalized with some essential limitations and avenues for suture research.

Access to safe drinking water has a direct effect on improving human health and their quality of life. One country still struggling with providing access to safe drinking water to all of its population is Panama. Panama's largest indigenous group, the Ngöbe people, is disproportionately affected by lack of access to safe drinking water. One way Panama's Ministry of Health (MINSA) is attempting to increase access to safe drinking water to the Ngöbe people is by disinfecting the water already captured by rural gravity fed water systems constructed within in the Ngöbe-Bugle reservation. This is accomplished using an in-line chlorinator specifically designed to accommodate locally manufactured calcium hypochlorite tablets as a source of chlorine. However, in this study it was hypothesized that the current way MINSA is implementing the in-line chlorinator was ineffective both at educating communities on knowledge of chlorination and in chlorinating water in their water distribution systems. This study investigated MINSA's implementation method and then compared it to a new method of implementation that was based on a newly developed disinfection field guide created by the author of this thesis. The motivation of this study was to improve this process of implementation which could lead to more effective chlorination thereby decreasing illness caused by waterborne pathogens. Each implementation method investigated attempted to disseminate knowledge of chlorination to community members through a seminar. The MINSA seminar was presented by a MINSA health practitioner and a newly developed seminar was presented by this thesis's author. A survey was developed to assess the knowledge of chlorination of community members after they attended a seminar. Results showed that community members who attended the new seminar on average answered 20 of the 22 questions of the administered survey more correctly than community members attending the MINSA seminar. Additionally, based on the average correct response of community members to survey questions, participants in the new seminar answered more questions correctly compared to participants in the MINSA seminar in all sections of the survey, 32% greater in the "General Knowledge" section; 43% greater in the "MINSA Specific" section; and 36% greater over the total survey. This higher score by new seminar participants suggests that the new seminar is better at educating community members on knowledge of chlorination. An assessment of each implementation method to effectively chlorinate the studied community's water distribution systems was also completed. This was done by measuring the free chlorine residual of water leaving the studied community's storage tank and entering the distribution system over one week. These concentration values were multiplied by a calculated chlorine contact time of the studied system's distribution system to determine Ct values. Measured Ct values were compared to literature guidelines that provide information on what Ct values will kill commonly found waterborne pathogens in the region. Calculated Ct values above a critical literature value of 40.0 min-mg/L Cl2 were determined to be effectively chlorinating a system's water. Results showed that when using the MINSA implementation method the required Ct level of 40.0 min-mg/L Cl2 was never met at any time during the week. However when using the new implementation method, the required Ct level of 40.0 min-mg/L Cl2 was met at all points during the week except one when tested on the last day where the Ct value was found to be 35.9 min-mg/L Cl2. These results suggest the new implementation method is more effective at chlorinating rural gravity fed water systems in the region compared to the previous implementation method.

Kyoto University (京都大学) / 0048 / 新制・課程博士 / 博士(工学) / 甲第18965号 / 工博第4007号 / 新制||工||1617 / 31916 / 京都大学大学院工学研究科都市社会工学専攻 / (主査)教授 藤井 聡, 准教授 SCHMOECKER,JAN-DirK, 准教授 神田 佑亮 / 学位規則第4条第1項該当

In this study, a Kaleckian-Post-Keynesian macroeconomic model, which is an extended version of the Bhaduri and Marglin (1990) model, serves as the starting point. The merit of a Kaleckian model for our purposes is that it highlights the dual function of wages as a component of aggregate demand as well as a cost item as opposed to the mainstream economics, which perceive wages merely as a cost item. Depending on the relative magnitude of these two effects, Kaleckian models distinguish between profit-led and wage-led regimes, where the latter is defined as a low rate of accumulation being caused by a high profit share. Are actual economies wage-led or profit-led? Current orthodoxy implicitly assumes that they are profit-led, and thus supports the neoliberal policy agenda. The purpose of the paper is to carry this discussion into the empirical terrain, and to test whether accumulation and employment are profit-led in two groups of countries. We do so by means of a structural vector autoregression (VAR) model. The model is estimated for USA, UK and France to represent the major developed countries, and for Turkey and Korea to represent developing countries. The latter are chosen since they represent two different export-oriented growth experiences. The results of the adjustment experiences of both countries are in striking contrast to orthodox theory, however they also present counter-examples to each other in terms of their ways of integrating into the world economy. (author's abstract) / Series: Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"

Over the last decade, researchers have attempted to show how efficient the markets are by using Fama’s Efficiency Market Hypothesis (EMH). The theory states that an investor cannot increase his returns without taking additional risk. The markets can be efficient in different forms depending on the information included in the traded asset. It is quoted that: "There ain't no such thing as a free lunch". However, the topic still remains disputable since researchers have introduced controversial findings after investigating different markets. Overall, emerging markets have been characterized with higher volatility which consequently declares for market imperfections. Commonly, these market inefficiencies are quickly captured by the eye of the investors who are lurking for potential benefits through exploiting them. These are the so called arbitrage opportunities which exist on different level of impact, depending on the attitude of the market. The existence of arbitrage is clear evidence against Fama’s theory and it has been documented in numerous studies. Unfortunately those events occur rarely and disappear in a matter of seconds, thus; is highly competitive to capitalize. Over the last decade high frequency trading (HFT) became popular on different markets and it allowed traders to make decisions and execute transactions in a matter of milliseconds using algorithms. The market we are interested in is the Forex market which is a decentralized market where currencies from all over the world are traded. Main participants include multinational banks which rely heavily on HFT. The method used to benefit from inefficiency is called triangular arbitrage and it involves selling and buying 3 sets of currency pairs in times when a parity is violated. The goal of this study is to answer the following research question, “Is there a difference in triangular arbitrage opportunities between emerging markets and developed ones?” The main objective of this research is to examine how the number of arbitrage occurrences varies considering different market characteristics. Furthermore, the originality of the research stems from the comparison between strategies using currencies from developed economies and emerging ones. Moreover, the additional academic value comes from the analysis of a new dataset that has not yet been examined. Lastly, our results make an empirical contribution into a country’s economy by reducing market inefficiencies and increasing economic stability. Our sample consists of quantitative data totaling to 2.4 million observations per quotation taken from 2011 and 2013 for currencies picked using a non-probability convenience method based on their property to be converted to EUR and USD currency and availability of information. The research revealed that differences between the two types of market exist, and indicates that the “early” markets possess higher arbitrage activity in contrast to the mature economies. These results should boost the potential for a better trading management and upgrade the profit growth.