By 2031, it will be a century since the Great Depression, touted as the most dreadful depression ... more By 2031, it will be a century since the Great Depression, touted as the most dreadful depression in the history of U.S. and the rest of the world, had taken place. In the final decades of last century and in the early years of this century, numerous financial crises and economic depressions, not as severe as the Depression, have occurred, particularly but not limited to, developing countries. Looking at the Depression and today’s arrangements, will a major global depression be looming? This paper begins with a refresher on the events of the Depression, which is followed by the Friedman and Schwartz hypothesis, criticisms against it, other contributing factors to the Depression, a reconciliation of the theories and finally ends with an assessment of the possibility of a return of the Depression in the 21st century based on today’s economic, financial, political, social, and technological considerations.
ABSTRACT The impact of foreign capital on a country's sovereignty is a subject of continu... more ABSTRACT The impact of foreign capital on a country's sovereignty is a subject of continuing debate. However, most discussions fail to differentiate between the different forms of investments — whether they are in the form of foreign lendings, portfolio investments or foreign direct investments. This paper discusses this issue by comparing the experiences of Malaysia and South Korea during the Asian financial crisis.Prior to the crisis, the two countries adopted very different attitudes towards FDI. Whereas South Korea discouraged it, relying instead on foreign loans to develop indigenously owned corporations to protect its economic sovereignty, Malaysia on the other hand actively sought FDI. Ironically, when the Asian financial crisis struck in 1997, South Korea was forced to seek the help of the IMF for additional sources of finance to prevent the country from going bankrupt, thereby leading to a significant loss of sovereignty. On the other hand, Malaysia was able to avoid borrowing from the IMF. The most important lesson that can be learnt from comparing the experiences of the two countries is that a country's reliance on foreign capital is not necessarily bad for its ‘economic sovereignty’, as long as it is in the form of FDI rather than loans.
Globalization has significantly changed the trends, patterns in the global film industry and it h... more Globalization has significantly changed the trends, patterns in the global film industry and it has become one of the most important industries within the creative industries (UNCTAD, 2008; Rampal, 2005; Scott, 2004), is estimated to be worth $60 million annually (UNCTAD, ...
... Chee-Heong Quah1*, Patrick M. Crowley2 and Mohd. ... (2007) have confirmed Frankel and Wei&#x... more ... Chee-Heong Quah1*, Patrick M. Crowley2 and Mohd. ... (2007) have confirmed Frankel and Wei's (1994) finding ... most East Asian trade even though Japanese trade in the region is as large as that of the US; only about half of Japan's overall exports are invoiced in yen, while three ...
... Kum Chee and Chan Foong Bee increasingly exposed to the likelihood of sexual harassment in th... more ... Kum Chee and Chan Foong Bee increasingly exposed to the likelihood of sexual harassment in their workplace. The frequency of occurrences of such incidences has been found to range between 35% and 53% by available local studies (Ng, Zanariah, & Maria, 2003; Marican ...
This study attempts to empirically test the mediating effect of overall tourist satisfaction betw... more This study attempts to empirically test the mediating effect of overall tourist satisfaction between travel motivations (push and pull) and destination loyalty. The tourism motivations were found significantly and positively related to tourist satisfaction. The results also supported that the tourist satisfaction positively associated with destination loyalty. The results indentified that the most important push motivations for Muslim tourists include
By 2031, it will be a century since the Great Depression, touted as the most dreadful depression ... more By 2031, it will be a century since the Great Depression, touted as the most dreadful depression in the history of U.S. and the rest of the world, had taken place. In the final decades of last century and in the early years of this century, numerous financial crises and economic depressions, not as severe as the Depression, have occurred, particularly but not limited to, developing countries. Looking at the Depression and today’s arrangements, will a major global depression be looming? This paper begins with a refresher on the events of the Depression, which is followed by the Friedman and Schwartz hypothesis, criticisms against it, other contributing factors to the Depression, a reconciliation of the theories and finally ends with an assessment of the possibility of a return of the Depression in the 21st century based on today’s economic, financial, political, social, and technological considerations.
ABSTRACT The impact of foreign capital on a country's sovereignty is a subject of continu... more ABSTRACT The impact of foreign capital on a country's sovereignty is a subject of continuing debate. However, most discussions fail to differentiate between the different forms of investments — whether they are in the form of foreign lendings, portfolio investments or foreign direct investments. This paper discusses this issue by comparing the experiences of Malaysia and South Korea during the Asian financial crisis.Prior to the crisis, the two countries adopted very different attitudes towards FDI. Whereas South Korea discouraged it, relying instead on foreign loans to develop indigenously owned corporations to protect its economic sovereignty, Malaysia on the other hand actively sought FDI. Ironically, when the Asian financial crisis struck in 1997, South Korea was forced to seek the help of the IMF for additional sources of finance to prevent the country from going bankrupt, thereby leading to a significant loss of sovereignty. On the other hand, Malaysia was able to avoid borrowing from the IMF. The most important lesson that can be learnt from comparing the experiences of the two countries is that a country's reliance on foreign capital is not necessarily bad for its ‘economic sovereignty’, as long as it is in the form of FDI rather than loans.
Globalization has significantly changed the trends, patterns in the global film industry and it h... more Globalization has significantly changed the trends, patterns in the global film industry and it has become one of the most important industries within the creative industries (UNCTAD, 2008; Rampal, 2005; Scott, 2004), is estimated to be worth $60 million annually (UNCTAD, ...
... Chee-Heong Quah1*, Patrick M. Crowley2 and Mohd. ... (2007) have confirmed Frankel and Wei&#x... more ... Chee-Heong Quah1*, Patrick M. Crowley2 and Mohd. ... (2007) have confirmed Frankel and Wei's (1994) finding ... most East Asian trade even though Japanese trade in the region is as large as that of the US; only about half of Japan's overall exports are invoiced in yen, while three ...
... Kum Chee and Chan Foong Bee increasingly exposed to the likelihood of sexual harassment in th... more ... Kum Chee and Chan Foong Bee increasingly exposed to the likelihood of sexual harassment in their workplace. The frequency of occurrences of such incidences has been found to range between 35% and 53% by available local studies (Ng, Zanariah, & Maria, 2003; Marican ...
This study attempts to empirically test the mediating effect of overall tourist satisfaction betw... more This study attempts to empirically test the mediating effect of overall tourist satisfaction between travel motivations (push and pull) and destination loyalty. The tourism motivations were found significantly and positively related to tourist satisfaction. The results also supported that the tourist satisfaction positively associated with destination loyalty. The results indentified that the most important push motivations for Muslim tourists include
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