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China F/X
China faces a tough decision with respect to floating the yuan or not. Ultimately, a float will severely limit China's ability to control the value of its currency. At present, this will be a significant problem because the yuan would likely rise in value. This would be to the detriment of the country's export industries, which are the drivers of the economy and employment. Further, the country may be tempted to continue to hold down the yuan's value, which will be much more difficult under floating rate conditions. Another issue is that China will have start publishing accurate economic information, which will pose a challenge for the country's officials, who are unaccustomed to things like transparency. The country would almost certainly need to undertake banking reform in order to float the yuan as well, posing additional structural challenges. Overcoming all of these challenges will take time.
There are advantages, however. Right now, China is spending a lot of money to hold down the value of the yuan, money it could put to other uses. Further, the country...
It is much easier to attract foreign investment when you have free floating currency, an absence of currency controls (necessary to maintain the fixed rate regime) and a modernized banking system. These advantages are more theoretical than the risks, which the average PRC politician seems to understand more acutely.
In its history, China has moved towards a more market economy. The first steps of this focused on allowing private enterprise and setting up a banking system with banks that specialize in different sectors, so as to encourage investment in these different sectors (industrial, agricultural, construction etc.). China then opened up the country's borders to trade, a move that culminated in its ascension to the World Trade Organization, illustrating its commitment to removing trade barriers. Lastly, China wanted to grow its economy by bringing in foreign capital. By attracting foreign investment capital, China had a means by which its banks could fund domestic projects, and additionally along with…
76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The
Negotiation Skills A High Impact Negotiations Model: An Answer to the Limitations of the Fisher, Ury Model of Principled Negotiations This study aims to discover the ways in which blocked negotiations can be overcome by testing the Fisher, Ury model of principled negotiation against one of the researcher's own devising, crafted after studying thousands of negotiation trainees from over 100 multinational corporations on 5 continents. It attempts to discern universal applications of
E-Commerce on Retail Trade 20/09/2015 E-commerce has gone on to alter the way retail was done for centuries. Many facets of retail trade have been changed. The influence of e-commerce is undeniable and unreversable especially on retail trade. However there is much scope for further advancement of e-commerce into the retail industry. In this paper we will look into the aspects of e-commerce that have influenced retail trade. We will
Leadership and Conflicts LADERSHIP AND CONFLICTS Teamwork has increasingly become a common aspect within the organizational setup. Organizations in varied sectors and industries are ever more reliant on teamwork in the achievement of their goals and objectives. Nonetheless, teamwork presents a breeding ground for conflict, in large part due to differences in background, views, beliefs, personalities, objectives, and priorities (Toegel & Barsoux, 2016). Indeed, if not properly handled, conflict within a team
Foreign Entry Analysis – Developed Country Introduction In recent years, Tesla has grown to become one of the most renowned and successful companies in the US and across the globe. Tesla, Inc. is a clean company and a pioneer in electric vehicles with its headquarters in Palo Alto. It is a publicly-traded firm listed on the Nasdaq with the symbols TSLA (Agence France-Presse, 2010). The company is involved in the designing, developing,