------------------------------------------------- The formation of custom unions can be beneficial to its member countries because of the new volume of trade created‚ but the net welfare effect depends on whether it leads to trade creation or trade diversion. Explain and discuss this statement ‘Customs union’ is the form of economic integration‚ which allows no tariffs or other barriers on trade among members (as in free trade area)‚ and in addition it adopts a common commercial policy toward the
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The Soviet Union formally collapsed on December 26th‚ 1991. The dissolution of the world’s first and largest Communist state also marked the end of the Cold War. Mikhail Gorbachev (in office from May 25th‚ 1989- December 25th‚ 1991) was the leader of the Soviet Union mainly credited in driving the Soviet Union into near disaster. This collapse has been debated by many historians‚ whether it was inevitable or it was pressured into collapse. I focused my research on the causes of the collapse
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Webster’s dictionary defines “Union” as an organization of workers who act together to secure benefits and rights in the workplace. As a worker‚ you have a right under federal law to form a union‚ select representatives of your choice and bargain cooperatively with your employer. This helps balance the power that employers have over individual employees. A union allows workers to say what changes are needed in the workplace condition and solving workplace problems. With a union contract and grievance procedure
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head: PERFORMANCE APPRAISAL ESSAY Performance Appraisal Essay University of Phoenix Human Capital Management HRM/531 April 15‚ 2015 Performance Appraisal Essay There is some controversy about whether or not it is effective to give performance evaluations or appraisals to employees on the job. This essay will evaluate articles that both support the concept of giving performance appraisals or performance evaluations‚ and those that propose eliminating performance appraisals or evaluations.
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institution from suffering unacceptable loss causing an institution to suffer or materially damage its competitive position. Functions of risk management should actually be bank specific dictated by the size and quality of balance sheet‚ complexity of functions‚ technical/ professional manpower and the status of MIS in place in that bank. 1.2 INTRODUCTION Risk: the meaning of ‘Risk’ as per Webster’s comprehensive dictionary is “a chance of encountering harm or loss‚ hazard‚ danger” or “to expose
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The Union of Soviet Socialist Republics (Russian: Сою́з Сове́тских Социалисти́ческих Респу́блик‚ tr. Soyuz Sovetskikh Sotsialisticheskikh Respublik) abbreviated to USSR (Russian: СССР‚ tr. SSSR) or the Soviet Union (Russian: Советский Союз‚ tr. Sovetsky Soyuz)‚ was a constitutionally socialist state that existed between 1922 and 1991‚ ruled as a single-party state by the Communist Party with its capital as Moscow.[3] A union of 15 subnational Soviet republics‚ its government and economy were highly
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Good Credit‚ Bad Credit‚ What Credit? Ring ring. That’s the sound of debt collectors calling my phone. I think one of my friends is calling me‚ but it’s just a collector wanting money from a credit card bill. It’s nice to have a credit card if you have to pay a bill and do not have the money right away. The problem is when you spend too much and cannot pay the bills back. The later you pay these charges back‚ the interest begins to build up. That is one of the many mistakes of having a credit card
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African Union The African Union is a conglomerate of 53 African countries. The Libyan leader‚ Muammar Gaddafi in order to replace the old Organization of African Unity‚ which was no longer effective‚ conceived it in 2002. The union is based on the European Union and its goal is to create political and social development between the member nations. It also hopes to create better economic ties between each of the member nations. One of its goals is to have a single currency‚ much like the Euro
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GROWTH OF MICRO-CREDIT IN INDIA: AN EVALUATION (90th Conference volume of Indian Economic Association 2007 Dr. Md. Tarique * & Ranjan Kumar Thakur † The success of Grameen Bank in Bangladesh has established the fact and several literatures in this regard also acknowledge the fact that poor are bankable in terms of capacity to save and repay the loans provided the same are collected at the doorstep in small amount at frequent intervals. This is the basic principle of micro-finance‚ which
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Chapter- One Introduction 1.1 Rationale for the study: The prediction of credit ratings is of interest to many market participants. Portfolio risk managers often need to predict credit ratings for unrated issuers. Issuers may seek a preliminary estimate of what their rating might be prior to entering the capital markets. For that matter‚ the rating agencies themselves may seek objective benchmarks as an initial input in the rating process. Understanding the increasingly important role of
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