Remittances are private financial transfers from migrant workers back to their countries of origin. These are typically intra-household transfers from members of a family who have emigrated to those who have remained behind. The scale of such transfers throughout the world is very large, reaching $338 billion U.S. in 20081—several times the size of overseas development assistance (ODA) and larger even than foreign direct investment (FDI). The data on migration and remittances is too poor to warrant very firm conclusions about (...) their effects—actual or potential—on poverty and development in poorer countries. We will however, present reasons that make it plausible to believe that remittances can contribute to poverty-reduction and promote development in poorer countries. Our main aim, however, is not to engage in detail with empirical debates about the effects of these transfers, but to establish moral grounds for favorable tax treatment on remittances on the assumption that they do have positive effects on receiving countries. (shrink)

Xây dựng nền kinh tế xanh tiến đến mục tiêu phát triển bền vững đang từng bước trở thành xu thế của thời đại và là xu hướng ngày càng rõ nét trên toàn cầu. Hành vi xanh của doanh nghiệp có vốn đầu tư trực tiếp nước ngoài (doanh nghiệp FDI) có mối quan hệ chặt chẽ và tác động tích cực đáng kể đến sự phát triển bền vững của địa phương/quốc gia, bao gồm cả các nước phát (...) triển và đang phát triển, trong đó có Việt Nam. Bài viết tập trung phân tích những tác động của các doanh nghiệp FDI đến phát triển bền vững của Việt Nam thông qua các hành vi xanh, cụ thể là các hành vi đầu tư gắn với phát triển bền vững của quốc gia, từ đó đề xuất các nhóm giải pháp thúc đẩy hành vi xanh của doanh nghiệp FDI tại Việt Nam. (shrink)

This paper is the first major and a thorough study on the Merger & Acquisition (M&A) activities in Vietnam’s emerging market economy, covering almost entirely the M&A history after the launch of Doi Moi. The surge in these activities since mid-2000s by no means incidentally coincides with the jump in FDI and FPI inflows into the nation. M&A industry in Vietnam has its socio-cultural traits that could help explain economic happenings, with anomalies and transitional characteristics, far better than even the (...) most complete set of empirical data. Proceeds from the sales of existing assets and firms have mainly flowed into the highly speculative industries of securities, banking, non-bank financials, portfolio investments and real estates. The impact of M&A on Vietnam’s long-term prosperity is thus highly questionable. An observable high degree of volatility in the M&A processes would likely blow out the high ex ante expectations by many speculators, when ex post realizations finally arrive. The effect of the past M&A evolution in Vietnam has been indecisively positive or negative, with significant presence of rent-seeking and likelihood of causing destructive entrepreneurship. From a socio-economic and cultural view, the degree of positive impacts may result in domestic entrepreneurship which will perhaps be the single most important indicator. (shrink)

Abstract: In developing societies, foreign direct investment is an invaluable tool for achieving economic growth by enhancing competitiveness through offering employment, transferring sophisticated technologies, boosting productivity and promoting infrastructure. The main objective of the paper is to examine the trends of foreign direct investment and economic growth in Africa, with specific reference to Nigeria’s experience in pre-recession period. The paper notes that foreign direct investment provides capital for investment, it enhances job creation and managerial skills, and possibly technology transfer. The (...) paper observe that prior to the economic recession, Nigeria experienced continued increased in foreign direct investment. The study is an empirical investigation, using a time series data between 1999-2014. The data collected was analyzed using table of frequency distribution, bar chart, graph and correlation analysis. The analysis shows that there is a high positive correlation relationship between FDI and economic growth in Nigeria during the period under study. Based on the results and findings, the paper recommend among others that for Nigeria to optimize the potential benefits of FDI, it is important that the government exercise fiscal discipline and control measures in its pattern of borrowing and spending. (shrink)

Nghiên cứu này đề xuất một mô hình nghiên cứu định lượng toàn diện để xác định và phân tích các yếu tố ảnh hưởng đến đầu tư trực tiếp nước ngoài (FDI) vào các khu công nghiệp ở Việt Nam. Dựa trên việc đánh giá toàn diện các tài liệu, nghiên cứu này tích hợp các yếu tố chủ chốt, như: Chất lượng cơ sở hạ tầng; Các chính sách khuyến khích; Vốn nhân lực và Sự ổn định kinh (...) tế. Các kết quả nghiên cứu cung cấp những thông tin hữu ích c. (shrink)

Qua điều tra, thu nhập dữ liệu từ 215 nhà đầu tư nước ngoài tại tỉnh Nghệ An, nghiên cứu chỉ ra 6 nhân tố ảnh hưởng đến thu hút FDI vào khu kinh tế (KKT) và các khu công nghiệp (KCN) trên địa bàn tỉnh Nghệ An gồm: Nhân lực, Dịch vụ hành chính, Chính sách thu hút, Cơ sở hạ tầng, Chi phí, Môi trường vĩ mô. Đây là căn cứ quan trọng để đề xuất các giải pháp (...) nhằm tăng cường thu hút FDI vào các KKT và KCN trên địa bàn tỉnh Nghệ An trong thời gian tới. [Through a survey of 215 foreign investors in Nghe An province, the study points out six determinants of FDI attraction into economic zone and industrial parks in the province, which are Human resources, Administrative services, Attraction policies, Infrastructure, Costs and Macro environment. This finding is important to propose solutions to boost FDI attraction into local economic zone and industrial parks in the coming time.]. (shrink)

In our globalized world, competition for capital is intense and only jurisdictions with superior corporate governance will attract the FDI crucial for economic growth and development. The goal of this chapter is to assess the legal regime of external auditors – as opposed to internal auditors - per Company Legislation of 1997 and provide suggestions for improvement in the current legal regime.34 Part II discusses global trends in corporate governance with respect to the role of the external auditor. Part III (...) of the chapter provides an overview of the development of the auditing profession in Jordan. In Part IV, the chapter analyzes in detail the specific provisions related to auditors in the Company Legislation of 1997. The part also points out various shortcomings and inconsistencies between rights and duties of auditors and makes suggested proposals for amending the current law. (shrink)

Epileptogenesis involves an increase in excitatory synaptic strength in the brain in a manner similar to synaptic potentiation. In the present study we investigated the mechanisms of short-term synaptic potentiation in patients with focal epilepsy by using 5 Hz repetitive transcranial magnetic stimulation (rTMS), a non invasive neurophysiological technique able to investigate the mechanisms of synaptic plasticity in humans. Ten patients with focal idiopathic cortical epilepsy were studied. 5 Hz-rTMS (10 stimuli-trains, 120% of motor threshold, RMT) was delivered over the (...) first dorsal interosseus (FDI) motor area of both (affected and unaffected) hemispheres. Changes in the motor evoked potential (MEP) size in the FDI muscle during the trains and the RMT were measured and compared between the hemispheres. 5 Hz-rTMS was also delivered in a group of healthy subjects over both hemispheres. 5 Hz-rTMS in patients elicited a reduced MEP facilitation compared to normal subjects. The reduced MEP amplitude was more evident in the affected hemisphere than in the unaffected hemisphere. RMT in the affected hemisphere was higher than in the unaffected hemisphere and in healthy subjects. Our findings showing a decreased response to 5 Hz-rTMS over the affected hemisphere, differently from the expected results suggest a reduced cortical excitability in epileptic patients. We hypothesize an altered balance between excitatory and inhibitory circuits in epileptic patients under chronic therapy. (shrink)

How would behave developed countries if they had “technologies of 22th century” And what is about developing countries?

Pakistan and China are friends from very long time. They have trading relations through the Ancient Silk Road. Now both the countries want to increase the volume of their trade. China decided to make large investment in Pakistan under its One Belt One Road vision through CPEC project. The CPEC is a combination of infrastructure development, power generation and research and development project. China and Pakistan are equally going to benefit from the project thus they both are interested in doing (...) the project in time and hence are putting their all efforts to complete the project. Some of the countries are working to stop the project by strong opposition but China and Pakistan are standing erect to complete the project. The study addresses the historical relations between Pakistan and China moreover pointed out the benefits that Pakistan and China are expecting from the project. The study also discusses the external and internal challenges to Pakistan that are creating hindrance in the completion of CPEC. (shrink)