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In this global village, most developing countries are shifting to export promotion policy to compete with the developed world. As part of their policy instruments, many of these countries are promoting export-processing zones (EPZs), which are seen as a key instrument for promoting exports, earning foreign exchange, stimulating economic growth through additional investment, technology transfers, and employment generation. Later, these EPZs are transformed into ...
Migration is a global phenomenon. According to a study, it is estimated that about 3% of the world’s population is migrants. It is a massive movement of people across the globe i.e., almost 175 million people living outside their country of origin. If all the migrants lived in the same place, it would be the world’s fifth largest country. Remittances, an inextricable facet of migration, are the sum of money that migrants regularly send to their families who ...
Several factors are driving the need for businesses to integrate environmental issues with their business strategy. Improvement in the conditions of competitiveness is one of the main objectives of the business environment policy. Besides, a high standard of living, especially the safety of the citizens and a clean living environment, are integral parts of the welfare and business environment policy. On the other hand, external pressures such as regulations, ...
E-justice is use of Information and Communication Technologies (ICT) in the judicial system. Use of ICT in justice system primarily helps increase administrative efficiency and access. Integration and automation of court procedures create accountability and transparency in the judicial processes. Besides immensely improving the timeliness, the Internet offers potential opportunities to deliver information - advisory, legal and financial services online and ...
'Microfranchising' is relatively a new term, currently used to describe income-generating opportunities for the poor through franchising that can be easily replicated. This practice takes the existing products and services and bundles them as stand-alone microfranchises that serve as easily managed business opportunities for citizens of poverty-stricken countries. It involves the principles and practices of traditional business franchising model (where there is a ...
Auditors are public watchdogs, guarding the interests of various stakeholders like shareholders, government, management. The age-old profession faced major transformations at the end of the twentieth century. In today's knowledge-driven era, investors and public at large are concerned about the responsibility of the organization. Hence, audit is important, to know whether the information/report/data given under the accounting system adopted is true or not. To ...