Trade

Global Recession to Global Recovery:
MACRO AND MICRO DYNAMICS OF TRADE, FINANCE AND INVESTMENT

ISBN 978-93-81361-72-6 ,  Pages – 462 + xxi,  Rs.1800,  US$ 80

About the book

The book contains the selected papers presented at the Nirma International Conference on Management (NICOM 2012) organized during January 05 – 01, 2012 at the Institute of Management, Nirma University, Ahmedabad on the theme Global Recession to Global Recovery: Opportunity, Challenges and Strategies for Sustainable Growth.

Thirty four selected papers primarily dealing with issues of trade, finance and investment suggest strategies and prescribe policy implications during the transition period of recession to recovery to achieve sustainable growth. The topics like  Analytical Study on Indian Health Insurance Sector and its Sustainability; The Intra Day Volatility Discovery Process using Extreme-Value Estimators and Financial Models;  Efficient Market Hypothesis and Impact of Public Information on Stock Market: A Review of Literature; Examining Investors Rationality & the Psychological Dilemma: A Behavioral Perspective; Popularity of Plastic Money: A study of Surat City; A Study on Performance of Self Help Groups in Visakhapatnam; Merger and Acquisition Announcement Effects on Shareholder Wealth: A Case Study of Dabur India Ltd and Fem Care Pharma Ltd.;  Performance Evaluation of Nationalized Banks using Input Oriented Data Envelopment Analysis; Impact of Mergers & Acquisition on Shareholder’s Wealth & Stock Risk; Stock Market Reactions to Corporate Capital Expenditure Announcements: An Evidence from BSE Listed Companies; Filter Rule and Expected Returns during Recession Followed by Recovery: Empirical Evidence for Nifty 50 from Indian Market; Financial Market Failure or Triumphs of the Speculative Market?; Merger Announcements and Abnormal Returns: A Study of Recent Mergers in India; Financial Inclusion in India: An Initiative for Growth; Behavioral Issues Effecting Individual Investment Decisions; A Comparative Investigation of Impact of Dividend Announcement in Recessions and Recovery on Stock Prices using Event Study Approach; Financial Performance of Textile and Apparel Segment of the Indian Retail Sector: An Application of ‘Z’-Score Analysis; Risk Return in Indian Stocks: A Comparative Study of Key Perceptions; Empirical Analysis of Tracking Error of Gold Exchange Traded Funds in India; Fiscal Stimulus Packages: Recovery from the Global Crisis; Study on Gold’s Inflation Battle in Indian Economy; Impact of Global Economic Crisis on the Indian Economic System; The European Long-Term Crisis–Transforming the Economy and Marketing: The Hungarian Case;  Impact of Global Financial Crisis on Asian Market Endogeneity; Growth Performance of World Economy during Recent Global Recession: What do the ECONOMIST Data Tell us?; Subsidies in India: Evolution & Relationship with Macroeconomic Indicators; An Empirical Study of Macroeconomic FDI Determinants of India and China-Opportunities and Strategies for India;  Preliminary Estimation of Welfare Loss from Cross Subsidy in Electricity Sector in India; Migrant Workers and Mode 4; Trade in Services under GATS: A Case of India’s Higher Education; Indian Outbound Tourists’ Perceptions of Select ASEAN Destinations; Indian Agriculture and WTO: Developing Strategies for Sustainable Growth and Global Competitiveness; Evaluation of Corporate Green Initiatives towards Sustainability: An Empirical Study of Selected Industries in India;  Corporate Governance and Risk & Return Analysis with Reference to Banking Industry in India, etc. have been grouped in three sub-themes of the conference and included in the three sections of the book viz. Section I: Finance and Banking, Section II: Economics and Section III: Global Trade, WTO and Corporate Governance.

In the backdrop of global recession to recovery, the contributions made by national and international scholars highlight the various issues and the nexus between them that are emerging in the global economic environment and have addressed the role of management in implementing them for sustainable growth and development. The readers will find that the scholars have also logically underscored the factors behind these issues and put forward notable policy implications, which are extremely relevant for the current debate on recession to recovery and sustainability with respect to trade, finance and investment. The economists, researchers, teachers, policy-makers, executive of various enterprises, management consultants and the representatives of trade and industry will find the collection of these papers as thought provoking for further research in their respective areas of interest.
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Edited by – Prof.(Dr.) Pawan K. Chugan and Prof. Sameer S Pingle                                 

First Edition – 2012
EXCEL INDIA PUBLISHERS 61/28 Dalpat Singh Building, Pratik Market, Munirka, New Delhi -110067

Se analiza el comportamiento de las exportaciones industriales de una muestra representativa de países latinoamericanos en el periodo 1990-2010, teniendo en cuenta el contenido tecnológico de las mismas y contrastándola con el desempeño de Estados Unidos, la Unión Europea y Corea del Sur. En este tiempo la mayoría de países de la región se comprometió con una serie de reformas al comercio internacional que en algunos casos se profundizaron y en otros se estancaron o se reversaron. La hipótesis del trabajo es que, en términos generales y relativos, la región presentaba en la entrada del nuevo milenio un incipiente proceso de diversificación exportadora basada en productos con mayor incorporación de tecnología. Este proceso se ha venido opacando, con algunas excepciones (Brasil, México), por la expansión del comercio de productos básicos y mineros, reprimarizando la oferta exportable y colocando a la mayoría de países de la región en una precaria senda de inserción en la economía mundial. La información aquí analizada apoya la validez de dicha conjetura.
JEL: F1, F13, L6, N76