Ethics & It's Role in International Business - Specifically as it Term Paper

Ethics & It's Role in International Business - Specifically as it Applies to Arabic Countries - Term Paper Example The expectations with ethics and culture contribute to misunderstandings and gaps in establishing stronger relationships. Understanding the main problems and creating influential ways of establishing stronger ties between countries can provide both countries with alternatives to growth and development at an international level. Arabic Countries and Ethics in Business The ethics which are included in businesses within Arabic countries are established first by the expectations that are regulated through the government of the various areas. The various establishments expect to have legalities and activities defined by tax, regulations in activities and fair trade practices that are used by the government. More important, the ethical considerations are driven by the Arabic countries having direct influence over the religious and moral influences of the area. The different regions are known for having a basis in Islamic practices, which carries a direct link to what is equitable in busine ss practices. The Islamic practices include regulations on trade agreements, how to define fair business and regulations in terms of payments to the government or other corporations. This is established through the Shar’iah, which defines the laws of trade and business between those in the country. Most Arabic countries and businesses continue to practice these laws with the economic value offering more alternatives because of the ethics which are practiced in the countries (Perry, 2007). The different concepts that apply through the Shar’iah not only create establishments with the way in which fair trade should take place. Arabic countries have established

Understanding how asset classes and systematic strategies behave and Thesis - 1

Understanding how asset classes and systematic strategies behave and perform during different macroeconomic environments - Thesis Example The CLI system uses a predefined system of indicators and uses their composite measure to predict the future economic activities. The movement of CLI is in the same direction of movement of the business cycle and they are specially designed to recognize the turning point. However, CLIs cannot be used to predict the intensity of recovery of the business cycle. The importance of this method has increased even more after the global financial crisis of 2008 as it has become very important for the policy makers, economists and other agents related to the business cycle to analyze the economic condition correctly (OECD, 2009). In case of the CLI OECD indicators it has been observed that the CLI results are mainly used by the in-house users. Analysts have mainly used this method to determine the current state of the economy. This paper focuses on the use of CLI indicators in predicting the future pattern of economic growth in a number of economies. This is done by reviewing the existing literature. The final part of the paper focuses on the behaviour of the asset classes and its relation to the business cycle. The CLI indicators was introduced in 1938 and has been modified a number of times to improve its efficiency over time. It has been stated that CLIs are mainly constructed by using reference series as it represents a composite of many other indicators. As in most of the other composite indicators Gross Domestic Product was expected to be one of the major indicators to be used as reference series in constructing CLI. However, in practice it has been observed that Index of Industrial Production (IIP) is taken as the primary reference series. The rationale behind involving IIP is that this is measured on a monthly basis whereas GDP is measured at a quarterly basis. It is for this reason that IIP is found to show the way in which GDP will behave in the subsequent months. In case of OECD countries the concept of leading