The limits of financial globalization
Article Abstract:
A study examining the factors that restrict financial globalization is presented. Primarily, inconsistencies in government policies of a country with objectives of foreign investors desiring to invest in that country force the investors to jointly invest along with other investors. By doing so, they retain most of the equity. As a result of this ownership concentration in the hands of outside investors, economic growth and financial development in the country is limited.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2005
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Christmas is coming
Article Abstract:
The relation between Christmas expenditure and the economy if any, its influence over economic growth and inflation and its effect on interest rates is examined. What seems certain is that independent of Christmas spending the current annual growth of around 6% in retail sales volumes in the U.K. is too high to be sustainable and a downturn will occur soon.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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Progress or perish?
Article Abstract:
A new study for the UK is the New Economics Foundation's measure of domestic progress (MDP) that covers the period between 1950 and 2002 and takes consumer expenditure as its basis. It adjusts this measure to account for a series of environmental and social costs, which affect domestic progress towards sustainable development, and the results are salutary.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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