scholarly journals GLOBALIZATION, STRENGTHENING OF INDONESIAN LOCAL MARKET CHARACTER AS CONSEQUENCES AND REALITY OF OPEN ECONOMIC SYSTEM

2019 ◽  
Vol 7 (3) ◽  
pp. 11-16
Author(s):  
Didin Fatihudin
Keyword(s):  
Economic System ◽  
Production Efficiency ◽  
Development Economic ◽  
Local Market ◽  
Goods And Services ◽  
Regulatory Policies ◽  
Market Expansion ◽  
Resource Wealth ◽  
Natural Resource Wealth ◽  
The Impact

Purpose of Study: Globalization impacts of advances in science, technology and information. Any country in the world including Indonesia can not avoid globalization. There is no time limit, space and territory. There is a pull of two concepts of economic development. Economic growth (Capitalism) or welfare economy (Socialism), or a mixture of both (mixs). Indonesia adheres to the mix. Natural resource wealth is not enough. More important is the quality and character of Indonesia’s strong human resources. Methodology: The growth of goods and services, there are three aspects of character change to improve the welfare of the Indonesian nation; (1) the number of literacy (education); (2) life expectancy (health), and (3) ability of purchasing power (income). Government development and regulatory policies; (1) allocation; (2) distribution; And (3) stabilization is intended solely for income distribution and reducing economic disparities. Result: Exploitation and exploration of production factors, production efficiency, capitalization of capital and market expansion is the impact of globalization. Globalization and the strengthening of local market traits are indications of the consequences of Indonesia’s open economic system. Implications/Applications: The impact of the economic crisis lies not on globalization itself, but lies in the Indonesian national identity itself in addressing Globalization.

Il mercato nazionale e locale per l'energia. Il servizio al consumatore finale quale ultimo step di un'unica filiera

2009 ◽  
pp. 153-163
Author(s):  
Barbara Antonioli
Keyword(s):  
Value Chain ◽  
Price Competition ◽  
Local Level ◽  
Energy Market ◽  
Local Market ◽  
End User ◽  
Regulatory Policies ◽  
Real Price ◽  
The Impact ◽  
Critical Aspects

- The reorganization of the energy market, together with an increase in the mobility of resources and the evolution of supply, have reduced borders between national and local market, and both regulatory policies and players' strategies have to consider these renewed environment. The goal of this paper is to make some considerations about the dimension and the interactions between national and locals, up-stream and downstream energy markets, both in terms of value chain phases regulation and of the impact on firms' organization and on the industry as a whole. We want to highlight evident problems of coordination of different rules, the necessity to define a clear national industrial policy (not fragmented at local level), as well as the relevance of the end user prices regulation for liberalized market. In particular, this kind of regulation seems to represent a key point of the current discussion between operators and the energy Authority. The end users price regulation present some critical aspects related to its (contested) limited contribution to a real price competition but, on the other side, had to be considered as a strong protection for domestic customers, as well as a way to reduce information asymmetry.Key words: Energy, competition, regulation.JEL classifications: H1, K2.Parole chiave: Energia, concorrenza, regolazione.

Elections and Capital Flight: A Response to Goldsmith

2019 ◽  
Author(s):  
Erica Frantz
Keyword(s):  
Natural Resource ◽  
Original Study ◽  
Data Sources ◽  
Capital Flight ◽  
Primary Reason ◽  
Electoral Cycle ◽  
Resource Wealth ◽  
Interaction Term ◽  
Natural Resource Wealth ◽  
The Impact

Abstract In a recent study, I show that capital flight follows an electoral cycle, such that it was higher in competitive election years than otherwise. This effect decreased as natural resource wealth increased. Goldsmith (forthcoming) reexamines the impact of competitive elections on capital flight using new data sources for both and finds little evidence of a relationship. In this response, I show that the primary reason that Goldsmith unearths mixed evidence is because his model specifications exclude an interaction term between elections and resource wealth that I use in my original study. Once this interaction term is included, the overall evidence suggests that elections—particularly those that are democratic—increase capital flight.

scholarly journals The Importance of the Financial Sector and Its Impact on Economic System in the United States in Years 1970–201

Equilibrium ◽  
2011 ◽  
Vol 6 (3) ◽  
pp. 59-70
Author(s):  
Paweł Umiński
Keyword(s):  
United States ◽  
Economic System ◽  
Manufacturing Sector ◽  
Financial Sector ◽  
The United States ◽  
Market Exchange ◽  
Goods And Services ◽  
Socioeconomic System ◽  
Huge Impact ◽  
The Impact

Capitalism is an economic system which is subject to dynamic and continual changes. In the history of market exchange of goods and services a few of factors can be enumerated which had considerable influence on the whole socioeconomic system. These include the industrialization of the production process, the introduction of the production line, the growth of international trade and the information revolution. Financialization of economy is another factor that has a huge impact on today's capitalism. A huge increase in turnovers value on the financial markets has been observed since the early eighties. Already in the early nineties the whole financial sector, together with financial corporations, became very significant in the American economy. That was when the profits of the financial sector exceeded the profits of the manufacturing sector. This article is based on the descriptive method and presents the growth of relevance of financial sector in the United States of America which took place in the years 1970–2010. This phenomenon has a huge impact on the contemporary capitalism. The author strives to answer the following question in the recapitulation – what is the impact of the changes described above on the efficiency and competitiveness of the whole socioeconomic system?

scholarly journals PELUANG DAN TANTANGAN MEA: KERJASAMA PENDIDIKAN INDONESIA DI KAWASAN ASEAN

2016 ◽  
Vol 1 (01) ◽  
pp. 28
Author(s):  
Zainal Abidin
Keyword(s):  
Arabic Language ◽  
Intellectual Ability ◽  
Global Business ◽  
Developed Country ◽  
National Education ◽  
Goods And Services ◽  
Foreign Labor ◽  
Asean Countries ◽  
Natural Resource Wealth ◽  
The Impact

The 12th KTT ASEAN (ASEAN Summit) at Cebu emphasized to create MEA 2015 which makes South East Asia as free flow of goods and services zone, investment and skilled labor, and freer flow of capital. As the impact, Indonesia will face the foreign labor invasion as the result of developed country education like as Singapore. In facing this competition, Indonesia government formulate national education strategy with the purpose that the human resources can compete in the world of global business, at least should refer to determinant factors of nation, such as innovation mastery (45%), network mastery (25%), technology mastery (20%), and natural resource wealth mastery (10%). Islamic Collage Publics have opened international class and they have prepared the lecturers who appropriate with international qualification and standard. Islamic Collage Publics also prepare their students with intellectual ability including English and Arabic language mastery and as the result they can compete with ASEAN Countries.

scholarly journals Goods and service tax: a roadmap for new indian economy

2017 ◽  
Vol 7 (2) ◽  
pp. 406-409
Author(s):  
VIJAYAKUMAR K ◽  
MONIKA A
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Gross National Product ◽  
National Product ◽  
Tax System ◽  
Indian Economy ◽  
Cascading Effect ◽  
Goods And Services ◽  
The Impact ◽  
Optimum Capacity

GST also known as the Goods and Services Tax is defined as the giant indirecttax structure designed to support and enhances the economic growth of a country. More than150 countries have implemented Goods and Service Tax so far. Even in the worldwideeconomic crisis India showed remarkable survival in its economic system. The proposedGoods and Services Tax is expected to be another milestone in the Indian economic growth.The radical aim of Goods and Service Tax is to uniform the separated indirect tax system inIndia and to avoid the cascading effect in taxation. The impact going to make by Goods andService Tax will be a transformation in the entire tax system and will go beyond Indianborders. The implementation of Goods and Service Tax will reduce tax burden onmanufacturers and thus encourages for the higher production. This process will increase theexport of India and it will increase the total Gross National Product. Avoidance of cascadingeffect empowers the manufacturers to produce to their optimum capacity and retards growthin the Indian Economy

MODERN PROBLEMS OF ACCOUNTING AND ANALYTICAL ENSURING FINANCIAL RESULTS MANAGEMENT

2020 ◽  
Author(s):  
Yuliia Peniak ◽  
◽  
Nataliia Horokhovatska ◽  
Keyword(s):  
Performance Management ◽  
Enterprise Management ◽  
Goods And Services ◽  
Financial Condition ◽  
General Evaluation ◽  
Net Profit ◽  
Business Entities ◽  
Results Management ◽  
Main Components ◽  
The Impact

The main purpose of any enterprise in the market economy is to obtain high financial results. One of the main conditions for the effective functioning of the enterprise is ability to generate profit in the amount that will create the financial basis for further development and expansion of the enterprise, comply with social and material needs, ensure competitiveness in the market of goods and services. The need for accounting and analytical management of financial results stems from needs of owners, the state and employees in information that will enable them to identify patterns and trends in financial results, identify and assess the main factors influencing the process of their creation, distribution and usage, identify reserves and thus increase the level of profitability. Despite the significant scientific contribution in the field of research of financial results of the enterprises, the issue of improvement aims to the accounting and analytical maintenance of management of financial results of the enterprise remains actual. That is why the purpose of the study is to substantiate the theoretical and practical aspects and develop approaches to improving the mechanism of formation of accounting and analytical support for the management of financial results of the enterprise. Accounting and analytical management of financial results of the enterprise is a set of interconnected elements of production and management system, activities carried out by the subject of management, creation of a certain structure, as well as collection, accumulation, storage and analysis of information necessary for effective operation of the enterprise. The main components of the study of accounting and analytical support of financial performance management are the formation of methods of analysis, control and forecasting of financial results, which requires specification of the components of the analytical and controlled process within the organizational and information model. Namely, the formation of reliable information about the financial condition of the enterprise, the analysis of economic indicators of the enterprise is of great importance in the system of general evaluation of business entities. Their research makes it possible to assess the dynamics of the structure of income and expenses, to determine the impact of factors on the company's profit from various activities, as well as to find reserves to increase the net profit of enterprises. Thus, the improvement of accounting and analytical support of enterprise management is based on the use of modern forms, methods and principles that place new demands on the formation of unbiased, complete, timely, clear and useful accounting and analytical information about the enterprise and its financial results.

TRANSFER FİYATLAMA UYGULAMASININ İŞLETME PERFORMANSINA ETKİSİ VE VERGİSEL AÇIDAN DEĞERLENDİRİLMESİ

2014 ◽  
Vol 1 (2) ◽  
pp. 187
Author(s):  
Serdar KUZU
Keyword(s):  
Business Performance ◽  
Transfer Pricing ◽  
Tax Law ◽  
Economic Activities ◽  
Tax System ◽  
Goods And Services ◽  
Tax Legislation ◽  
International Transactions ◽  
The Cost ◽  
The Impact

The size of international trade continues to extend rapidly from day to day as a result of the globalization process. This situation causes an increase in the economic activities of businesses in the trading area. One of the main objectives of the cost system applied in businesses is to be able to monitor the competitors and the changes that can be occured as a result of the developments in the sector. Thus, making cost accounting that is proper according to IAS / IFRS and tax legislation has become one of the strategic targets of the companies in most countries. In this respect, businesses should form their cost and pricing systems according to new regulations. Transfer pricing practice is usefull in setting the most proper price for goods that are subject to the transaction, in evaluating the performance of the responsibility centers of business, and in determining if the inter-departmental pricing system is consistent with targets of the business. The taxing powers of different countries and also the taxing powers of different institutions in a country did not overlap. Because of this reason, bringing new regulations to the tax system has become essential. The transfer pricing practice that has been incorporated into the Turkish Tax System is one of the these regulations. The transfer pricing practice which includes national and international transactions has been included in the Corporate Tax Law and Income Tax Law. The aim of this study is to analyse the impact of goods and services transfer that will occur between departments of businesses on the responsibility center and business performance, and also the impact of transfer pricing practice on the business performance on the basis of tax-related matters. As a result of the study, it can be said that transfer pricing practice has an impact on business performance in terms of both price and tax-related matters.

To Study the impact of Gabbar Singh tax or Goods & services tax for Restaurant and Food Services Business in India

2019 ◽  
Vol 118 (12) ◽  
pp. 32-48
Author(s):  
Mr. Arun Gautam ◽  
Dr. Saurabh Sharma ◽  
CA Narendra Kumar Bansal
Keyword(s):  
State Level ◽  
The State ◽  
Assessment Framework ◽  
Food Services ◽  
Goods And Services ◽  
Single Tax ◽  
The Impact

GST that is Goods and Services Tax has been in compel since first July, 2017 and which is, in constrain on numerous countries globally and they all were thinking about it as their business assessment framework. The principle reason for GST is to realize single tax on products at both centre and the state level in the nation.

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

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