Submitted by Michel Ferreira Cardia Haddad (michel1404@yahoo.com.br) on 2013-01-16T18:22:06Z No. of bitstreams: 1 Versão Final - Dissertação - Michel Haddad.pdf: 3234670 bytes, checksum: 87ebc92b5b29bcb72a2ee1b8b8e9c651 (MD5) / Approved for entry into archive by Eliene Soares da Silva (eliene.silva@fgv.br) on 2013-01-16T18:23:04Z (GMT) No. of bitstreams: 1 Versão Final - Dissertação - Michel Haddad.pdf: 3234670 bytes, checksum: 87ebc92b5b29bcb72a2ee1b8b8e9c651 (MD5) / Made available in DSpace on 2013-01-16T18:27:09Z (GMT). No. of bitstreams: 1 Versão Final - Dissertação - Michel Haddad.pdf: 3234670 bytes, checksum: 87ebc92b5b29bcb72a2ee1b8b8e9c651 (MD5) Previous issue date: 2012-12-18 / O presente estudo investiga a existência de contágio financeiro entre os países do G20, com base em uma análise sobre os retornos dos principais índices de ações, abrangendo o período de 2000 a 2012. A abordagem utilizada consiste na utilização de modelos multivariados de volatilidade da família DCC-GARCH, na versão proposta por Engle e Sheppard (2001). Com base nos testes efetuados, conclui-se que houve mudanças estruturais nas séries analisadas em praticamente todos os 14 países analisados, sendo que os resultados obtidos demonstram evidências favoráveis para a hipótese de contágio financeiro entre países do G20. Verificou-se também que dentre as diversas crises financeiras ocorridas durante o período analisado, a Crise do Subprime destaca-se das demais crises, devido a sua magnitude e velocidade com que se propagou, afetando tanto países desenvolvidos como países emergentes. / This study investigates the existence of financial contagion among the G20 countries, based on an analysis of the returns of main stock indices, covering the period from 2000 to 2012. The approach consists of using multivariate models of volatility family DCC-GARCH, as proposed by Engle and Sheppard (2001). Based on econometric tests, it was concluded that there were structural changes in the series analyzed from virtually all 14 countries analyzed, and the results show evidence favorable to the hypothesis of financial contagion among G20 countries. It was also found that among the various financial crises that occurred during the reporting period, the Subprime Crisis stands out from other crises, due to its magnitude and speed of spread, affecting both developed and emerging countries.

This study examines the prominence of the term governance and its use in multilateral organisations, in particular the New Partnership for African Development. It argues that the term governance is contentious and needs to be reviewed. This is in light of the elevation of governance as a requisite for development, which has come about through the development of NEPAD. This is primarily a study on the position of the state in multilateral regimes and how governance will affect the state and non-state actors. The politics in and around governance are therefore important in any assessment of African development as governance becomes a developmental necessity. The African Rennaisance and African Union have become ‘beacons of hope’ for Africa and these have been discussed here. We can see NEPAD as a historical development that fits into the African Renaissance. This has been a mechanism to ensure state survival and the states that drive NEPAD have played a significant role in providing legitimacy to Africa’s calls for development. This thesis attempts to explain the shift in developmental policy in that NEPAD has seemingly become the first African development strategy that has the support of the West. Through this thesis, we will examine the role that the Post Washington consensus has played in getting this phase of African development started. What becomes significant here is the way in which governance has been accepted as the gauge for support in development. This study therefore aims to offer a means by which to analyse governance in multilateral organisations. As the term is contentious, three paradigms on governance will be provided in order to refine governance in such a way that it can be applied in analysis. This thesis shows that governance can be refined into corporatist, prebendal and conciliar forms. The form of governance that NEPAD will take has implications for the type of reconfiguration of the state brought about by governance.

Doctorat en sciences sociales, politiques et économiques / info:eu-repo/semantics/nonPublished

Doctorat en sciences sociales, politiques et économiques / info:eu-repo/semantics/nonPublished

Doctorat en sciences sociales, politiques et économiques / info:eu-repo/semantics/nonPublished

This study analyses whether the advent of strike action has an effect on the value and volatility of the South African Rand compared with the US Dollar. The literature suggests that strike action can have a significant effect on the exchange rate in terms of either value or volatility, and consequences can result that cause inefficiencies in the economy; inhibiting employment and economic growth. Strike action has become common place in South Africa, with 2012 alone recording 99 strikes, 45 of which were “wildcat” or unprotected strikes. This study uses GARCH and Intervention Analyses to determine what the resulting effects of the strikes might be on the exchange rate. The analysis used ZAR/USD exchange rate data for the period January 2000 to October 2013, and covered 72 of the most significant strikes in terms of lost man-days. The results are mixed, suggesting that the effects of strikes do not always conform to expectations (increased volatility and a depreciation in the Rand), and that outside factors affecting the global economy may have a more significant effect on the exchange rate than strikes on their own.

Chinese organisations are benefiting from increasing support from the Chinese government to enter into Africa. It is believed that over 2 000 Chinese organisations are operational in Africa, contributing greatly to employment within the continent. Despite the importance of Chinese organisations and their operations in Africa, very little research has been done on individual and organisational issues in Chinese organisations operating in Africa, and more specifically the local employees' organisational commitment to such organisations. The organisational commitment of South African employees within Chinese organisations in South Africa is important as it promotes the success of Chinese business, which may promote further investment into the country, as well as the use of local human resources. The primary aim of this research was therefore to conduct a literature and empirical study into the levels of and factors influencing the organisational commitment of South African employees in a selected Chinese organisation in South Africa. For the purposes of this study, a single case study approach, located within the phenomenological research paradigm, was used. A large multinational Chinese organisation with operations in South Africa agreed to participate in this study. The research made use of a descriptive case study design. To give effect to the primary aim of the study, three research objectives were identified. Firstly, to identify and describe key factors influencing local employee commitment. Secondly, to identify and describe current commitment levels amongst local employees, and lastly, to propose recommendations to improve local employee commitment and its implications for the appropriate management of human resources within the Chinese organisation. Data were collected by means of in-depth, semi-structured interviews with 20 participating employees at four organisational branches across South Africa. Moreover, although the interview transcripts were the primary source of data, the collection process was enriched with the use of organisational and participant observations. The findings of this research revealed ten factors which are perceived to influence the commitment of South African employees within the organisation, namely: Open communication, Leadership, Supervisory support, Opportunities for training and development, Compensation, Job security, Promotional opportunities, Shared values, Recognition and Trust. Certain issues were raised by the participants during the in-depth interviews, most notably the limited opportunities for training, development and promotion, as well as issues regarding the perceived limited compensation received from the organisation. Despite these issues, the general findings relating to the levels of commitment in the organisation were positive for the organisation under study, with the majority of the participants being perceived to demonstrate high levels of affective, normative and continuance commitment.

On 10 May 1994 the European Union offeredSouth Africa a package of measures to ... send a strong political signal to the incoming govemment and to the South African population, thus proving its firm determination to support the transition towards democracy and its willingness to contribute to the reconstruction and economic development of South Africa after the elections. This package consisted of two parts: 1. A series of short term implementations to take place with immediate effect to help South Africa's development and transition, and 2. An offer to negotiate a comprehensive long-term relationship with South Africa should the new government so request. South Africa accepted the European Union's offer to negotiate a long-term relationship, and in response requested membership of the structure governing the Union's relations with the rest of the countries in Sub-Saharan Africa and some countries in the Caribbean and Pacific, namely the Lomé Convention. Due to various incompatibilities South Africa was not allowed to join this organisation. In its place the European Union offered to negotiate an agreement with South Africa that would lead to a Free Trade Area. This agreement was in keeping with the rules as laid down by the World Trade Organisation. It envisaged the lowering of tariffs and trade barriers between the Union and South Africa over a period not exceeding 12 years, allowing for asymmetry in terms of time constraints in implementation only. South Africa saw this type of agreement as inconsistent with the desire expressed by the European Union to support the countries development and the integration of the Southern African region. In its place South Africa proposed a new concept in trade agreement, this concept, known as the Trade and Development Agreement, embodied both trade liberalisation and support for development. This agreement would introduce a new paradigm of thought to govern trade between developed countries and developing countries within the World Trade Organisation's rules. This paper explores the events that unfolded in these negotiations. It attempts to discover whether, in the current global environment, it is possible, or beneficial, for the developed world to act in an altruistic manner towards another state in order to assist its development.

The aim is to analyze the economic and political aspects of the dissolution of Czechoslovakia in 1993 in the context of monetary separation and further analyze its impact on monetary indicators in the Czech Republic and the Slovak Republic. The thesis provides a comprehensive view of the development of relations within Czechoslovakia after 1989 and monetary separation in 1993. First, attention is focused on description and analysis of economic and political relations between the two nations, which are demonstrated in the illustrative examples of the development of Czechoslovakia between 1989 and 1993. Then analyzes the preparation, conduct and impact of monetary separation on the inflation rate, balance of payments, interest rates and foreign exchange reserves, and consequently macroeconomic indicators are compared both newly formed states. The thesis is written for use with the description, analysis and comparison. Based on the analysis, we can conclude that the collapse of the state was no longer possible in 1993 to avoid. It can be concluded that the monetary separation had no immediate impact on the study of monetary indicators. Based on comparison of selected macroeconomic indicators of the countries we were able to demonstrate that in the first years after the collapse of the federation with the Czech economy developed better and more stable than Slovak Republic. Implementation and results of the disintegration of Czechoslovakia and the associated monetary separation can be considered as a basis for solving current problems eg. In any disintegration of the common currency in the European Union or the possible dissolution of several national states. A proper currency separation in 1993 had a negative impact on the development of monetary variables surveyed states.

This thesis describes Czech centres and their activities. It depicts the role of Czech centres in the pro-export policy of the Czech Republic and evaluates their contributions for the development of external economic relations. The central point of this thesis is an analysis of activities of the Czech centre-Czech house Moscow and evaluation of its contribution for a concrete corporation which considers entering the Russian market.