Tags: economy

Employment, social security and Joe Hockey

One of the least debated issues about Liberal budget this year in Australia was about the government’s devious pressure for social security beneficiaries to return to workforce. Many will be loosing their government support outright while others will do in near future if they failed to adequately make efforts for getting a job. The pressure…

Corruption explodes in Bhutan

Barely weeks after the Transparency International published its annual report stating Bhutan is least corrupted in South Asia, a major corruption scandal has shaken Bhutan badly. The case was silently ignored by the government despite media reports. The case is not barely corruption scandal rather an exposure of the continued power struggle between the political…

The vicious circle of politics and economy

Historically, politics and economy were one topic. Only recently they are being studied separately. Politics and economics have integral relations and it would not be plausible to assume the existence of one without another. Economic dimensions have impact on market and economic reforms, economic performance and system influence the benefits, cots and risk of doing…

Creating value in goods gives sustainability to business

Designing and implementing appropriate strategies are fundamentals for a business to make profits and maintain sustainability. Strategies are planned actions to achieve goals. Differentiation strategies result in more value creation in a product, which means the consumers are willing to pay more for the product than its actual cost. This essentially increases profits. A firm…

Exporting: First step towards getting international customers

Venturing into foreign markets requires details inquiries on ground scenario and based on the circumstances prevailing, a company must make choice from different modes of entry – exporting, importing, turnkey projects, licensing, franchising or foreign direct investment in the form of joint ventures or wholly owned subsidiary. Each of these modes has advantages and disadvantages…

Culture reflects how well you can do business

Politics is the major factor that spoils economic environment, beside natural disasters and calamities. Lets forget about the cracks within the economic theories whose implementation results catastrophic such as ‘Efficient Market Hypothesis’ nearly collapsed US economy in 2007-08. In recent days, I feel myself more interested to the cultural impact on doing business. Reinforcement by…

More than a week after the leadership spill in Australian labour, the new Rudd government has not shown any indications whether the federal elections will be held on the date announced by Gillard government. There are several speculations about possible changes in dates: some argue early polls might be favourable for Rudd to get more…

Two super power diverted world attention this week. America voted for continuity to its existing leadership while China is going through sweeping leadership reshuffle. And these two leaders have immense responsibilities to ensure a better economic picture the world is expecting. American economy performed well below expectation during the first tenure of Barak Obama. Internal…

Many still question the sustainability of single currency union in Europe after the shocks and after shocks of the financial crisis. Several efforts of bailout through economic loans have given bleak picture of future economy in Europe. There are threats that countries might move out of economic union. As critics continue to question the rational…