International Research Symposium in Service Management ISSN 1694-0938 The Impact of the Global Financial Crisis on the Mauritian Financial Services Sector Aleesha Mohamudally-Boolaky University of Technology‚ Mauritius La Tour Koenig‚ Pointe aux Sables E-mail: aboolaky@umail.utm.ac.mu Indranarain Ramlall University of Technology‚ Mauritius La Tour Koenig‚ Pointe aux Sables E-mail: ramindra0001@yahoo.co.uk Abstract Le Meridien Hotel‚ Mauritius‚ 24-27 August 2010 1 International
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“How Have Global Economic/Financial Crises Affected FDI?” Table of Contents Table of Contents …..…………………………………………………………………………...2 Abstract……………………………………………………………………………………………3 1. Introduction………………………………………………………………………………3 1.1 Preamble 1.2 Research Importance 1.3 Aim of Work 1.4 Thesis Statement 2. Theoretical Background…………………………………………………………………4 2.1 What is meant by an Economic and Financial Crises……………………………..4 2.1.1 Defining an Economic/Financial Crisis…………………………………………...4 2
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The impact of the global financial crisis on the Philippine financial system – an assessment “The problem in politics is this: you don’t get any credit for disasters averted.” Henry M Paulson Jr‚ Former US Treasury Secretary I. Introduction The crisis that originated from the US subprime mortgage market escalated into a global phenomenon. Earlier debates on “decoupling”2 died down as the crisis’ contagion effects proved headstrong‚ cascading to the financial markets of advanced and
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INTRODUCTION With its roots in banking‚ the sub-prime mortgage crisis that commenced in the United States in 2007 soon resonated in other sectors of its financial system‚ and the economy‚ at large. It spread quickly to the developed economies in Europe‚ including the United Kingdom‚ and Asia -with Japan becoming well affected. The emerging economies were not isolated. A transmission channel of the global financial crisis‚ which has been referred to as the “Globalised Synchronized Slowdown” is the
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failing has most recently been felt in the past decade‚ with the both the internet bubble and the current financial crisis. One of the first instances in American history where a monopoly caused a large scale economic downturn was the Panic of 1893. These economic disasters take years if not decades to recover from. Americas Earliest Economic Crisis’s Perhaps the earliest recorded economic crisis in America‚ even with the invention of railroads in the late 1800s‚ was the Panic of 1873 and the Panic
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Hershey’s is one of the companies which had a sweet spot in the time of financial recession while others plunged into a decline in sales and profit. Hershey’s managed to feed the hunger of the consumers for a less expensive type of chocolate. As the Americans spending’ changed from carefree to being frugal‚ the recession provided a vacuum for the Hershey’s company to innovate and make the staple food of the American for sweets available to the prudent consumers. Hershey’s resurgence in the market
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“Overdose: The Next Financial Crisis” is not just another documentary on the financial crisis of 2007. One might wish that it was‚ as the crisis being analyzed is far more dire than the one we are currently in. Not to mention‚ it is a crisis that is yet to happen‚ according to director Martin Borgs‚ and seemingly impossible to stop. No hope of reconciliation is offered in the movie‚ as the nations of the world and their foolish governments have already set the ball a ‘rolling down a slippery slope
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EADN RP1-10 EADN Regional Project on the Social Impact of the Asian Financial Crisis Social Impact of the East Asian Crisis and Household Coping Mechanisms in Vietnam By Tran Tho Dat January 2002 1 INTRODUCTION The Vietnamese government launched the innovation (doi moi) programme in 1986‚ with a significant degree of market orientation to unleash the productive capacity of the country and a gradual opening up to the regional and global communities. Although the performance
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Philippines I. Crisis The Philippines entered the crisis on a sound footing relative to its major East and Southeast Asian neighbors (except Indonesia)‚ which commonly experienced economic contraction‚ especially in the industrial and export sectors. As such‚ this has been suggested as evidence of the country’s newly gained economic resilience. It must be noted‚ however‚ that the Philippines has likewise not experienced the spectacular economic performance of its neighbors in recent times‚ which
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collapse of many financial institutions in recent years‚ along with the collapse of Structures Investment Vehicles (SIV) and Mortgage-Related Securities has triggered Central Banks role as the lender of last resort around the globe‚ the capstone to uphold the financial markets. Under the midst of a seemly unending liquidity crisis‚ the Financial Times editorial of September 18‚ 2008 stated‚ “nobody trusts any credit‚ other than that of the government themselves.” The world’s financial system is experiencing
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