On the latter, macroeconomic factors can have positive influence e.g. the power deficit in Zambia has forced ECM Group to explore biomass waste renewable energy solutions. The company Even though Zambia accounts for the 10% of the world’s copper production, putting mines into production seems be little challenging due to factors such as political unrest, mining legislation that is constantly changing, a national energy deficit and poor infrastructure. On the latter macroeconomic factors can have
Introduction International trade is the interchange of goods and services between many territories. The international trade is a major part of the economy of the many nations based upon the trade and these nations are known’s as the developed nations and developing nations. In economics, we ascribe International trade to the comparative advantage. Mankiw states that all nations can get the advantage from the trading from one another as trade permits every country to specialize in doing what is does
ng is a monetary policy which implies public announcement of official numerical inflation targets, as well as responsibility and dedication of Central Bank in reaching that target. Inflation targeting is initially adopted by New Zealand in 1989., and after that a lot of central banks from developed and emerging countries started accepting it as their main, and in some cases, only goal. This decision was based on benefits of price stability. Inflation was observed as a monetary phenomenon and as such
1. The Future of Corporate Social Responsibility in the Philippines – What can be expected and what are the trends that would shape CSR in our country for the next ten years. Due to the slow growth of the Philippine economy, Corporate Social Responsibility was being implemented and practiced by the corporations. It is based on the Philanthropic stage or what we call “kawang gawa”. Philippine CSR practices are generally manifested through donations or gratuitous activities and the public views
II. Discussion of findings 1. The role of the government in a market economy The current market economy has been facing with various fluctuation causing from both inside and outside forces. In every situation, it is immediately necessary to make correct policies to guide the economy out of dangerous positions, and prevent it from falling into a long period of stagnation, recession or high inflation. The famous theory “invisible hand” of Adam Smith, on the one hand, highly appreciates the market management