V.K. Bhalla
Showing all 10 books
Global economy is at crossroads. There is no single or simple answer to current economic problems. Transparency in the conduct of monetary and fiscal policies is needed to provide an anchor for expectations. Developments that seem unusual, even unbalanced, need to necessarily be judged unsustainable. For example, the potential gains offered by new technology, particularly in the production of goods and financial services, may provide the sound rationale for a ...
The management of working capital is an important and time consuming aspect of managerial finance. Sufficient working capital must be provided in order to take care of the normal process of purchasing raw materials and supplies, turning out finished products, selling the products, waiting for payments to be made. If the original estimates of working capital are insufficient, some emergency measures must be restored to or the business will come to a dead stop. ...
A decade of tumultuous economic developments ended with a year full of surprises, the majority of them welcome. Inflation stayed very low in most industrial and emerging market countries, while economic growth remained high in United States, picked up in Europe and began to recover later in the year in Latin America. The turnaround in the fortunes of countries was nothing short of remarkable and China and India continued to expand at high rates. Even in Japan ...
The importance of multination corporations and the globalisation of production are now well recognized. Multinational corporations have become central actors of the world economy and, in linking foreign direct investment, trade, technology and finance, they are a driving force of economic growth. Since the world is reduced to an electronic village and global finance has become a reality, therefore in a contemporary global corporation financial capital is one of ...