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Interest
Rate Flexibility in the Post-Financial Liberalization Period:
The Case of Mauritius
-- Jankee
Kheswar
Mauritian
financial system has been through a long phase of financial
reforms since the mid-1980s with interest rate liberalization
as a major objective. The financial market, like the goods
market can achieve equilibrium where demand for funds equals
the supply of funds. There is evidence of increased flexibility
in interest rates during the post-liberalization period as
compared to the period when interest rates were regulated
by monetary authorities.
©
2005 IUP. All Rights Reserved.
Mango
Exports-Trends and Strategies
--
A Amarender Reddy
Mango
an important fruit crop in India, which accounts for about
45% of the world production, but fresh mango exports constitute
only 8% of world output. The mango pulp exports and other
mango processed product exports, are rising, in recent years.
The paper identifies that India is having comparative advantage
in exporting mangoes to Dubai and UK. The mango pulp exports
are faced with stringent regulations such as Hazard Analysis
Critical Control Point (HACCP), India needs to adopt these
standards in an organized manner to meet the high value export
demand. The recent development of Agro-Export Zones (AEZs)
performance is also examined in this study. The study finds
out that out of the ten mango AEZs performance, some of them
are not up to the mark. The performance on the side of government
agencies is quite good, but the participation of entrepreneurs
and farmers is lagging the overall performance of these AEZs.
There is a greater need to encourage entrepreneurs and farmers
to participate in AEZs activities through development of India
unique processed products, which add value to the farmers'
produce at international markets.
©
2005 IUP. All Rights Reserved.
Privatization:
Do we need to Change the Strategy?
--
Jayashree Dubey and Dharmesh Shah
Privatization,
the buzzword under the NDA government, has been largely appreciated
by the intelligentsia. At the same time, there was criticism
too, especially at the resale of Hotel Centaur Mumbai to Sahara
India Group at Rs. 115 cr, just after six months of disinvestment
and sale to Batra Hospitality Pvt. Ltd., at Rs. 83 cr. Similarly,
Tatas' attempt to divert Rs. 1200 plus cr from the corpus
of VSNL to Tata Teleservices Ltd., has put a big question
mark on the rationality of the decision. The disinvestment
process was adopted by the Government of India in the year
1991 mainly to fill the lacuna in the ability of the government
to run the Public Sector units profitably, which in turn added
to the burden of the exchequer. In the process, the profit-making
companies were also put on the block. There is a need to properly
analyze the profit history of a PSU compared to that of the
private companies in the same industry and to see how best
the problem of loss or decrease in profit of PSU's over the
years can be combated before rushing into disinvestment. The
policy also needs revision on the basis of lessons learnt
from previous experiences of disinvestment.
©
2005 IUP. All Rights Reserved.
The
Role of Entrepreneurship in Economic Development
--
Srinivasulu Bayineni
Entrepreneurship
and economic development are intimately related. Schumpeter
opines that entrepreneurial process is a major factor in economic
development and the entrepreneur is the key to economic growth.
Whatever be the form of economic and political set-up of the
country, entrepreneurship is indispensable for economic development.
Entrepreneurship is an approach to management that can be
applied in start-up situations as well as within more established
businesses. The growing interest, in the area of entrepreneurship
has developed alongside interest in the changing role of small
businesses. Small entrepreneurship has a fabulous potential
in a developing country like India. So, statistical data and
its analyses of several countries show that small industries
have grown faster than large industries over the last couple
of decades. Large industries first lost jobs while small industries
created new workplaces. The crux of the article is to examine
the role of entrepreneurship in economic development. The
focus is on small scale industries, which led to the main
source of employment in the country.
©
2005 IUP. All Rights Reserved.
Game
Theory: An Overview
-- Subhadip
Roy
The
development of game theory is relatively new. It was developed
in the 1940s by a Hungarian mathematician named John Von Neumann
and later, further developed by John Nash in the 1950s. Game
theory has been extensively used in the fields of Economics,
Finance and Strategy. However, till date it remains an underutilized
concept in the field of Management. Lots of developments have
been done to the initial assumptions behind the foundations
of game theory and to make it more practical but the situation
has remained unchanged. This paper is an attempt to find out
the basics of game theory and its possible applications in
managerial decision-making and strategy formulation. The mathematical
aspects have been left out for the sake of simplicity and
conciseness.
©
2005 IUP. All Rights Reserved.
A
Study on Revival of Weak Public Sector Banks
--
Krishna chaitanya V
Ever
since the economic reforms have begun in India in early `90s,
the banking sector in India has made a tremendous progress
and has come a long way since then. Unarguably, banks are
the most important part of a country's financial system. In
India, till '90s the banking sector was dominated by public
sector and with the emergence of new sets of norms in the
post-'90s, the PSU banks found it hard to cope with the dynamic
industry changes. This posed a serious threat to the public
sector banks. Some banks even turned negative. To give a helping
hand to the loss-making PSU banks, Government of India appointed
a Working Group under M S Varma, to help the public sector
banks to transform them into profit-making. It is exactly
five years since the report was submitted and it seems the
objective of the committee was well served as all the three
loss-making banks turned positive. The present paper is a
study on those three loss-making banks performance in the
last five years (post restructuring period) and also the paper
emphasizes on the strategies adopted by each of these three
banks in the process of restructuring.
©
2005 IUP. All Rights Reserved.
Market
Concentration in a Liberalizing Indian Economy
--
Ganesh Kawadia and Manasranjan Dashmishra
The
market structure of an economy is mainly judged by the market
concentration of firms. It measures the monopoly power of
the firms in the industry. A market may be viewed as a means
of processing the revealed preference of all the buyers and
sellers and disseminating signals in the form of price incentives.
©
2005 IUP. All Rights Reserved.
Business
Cycles and Economic Growth: An Analysis Using Leading Indicators
-- Pami Dua
©
2004 Oxford University Press. All Rights Reserved. The IUP holds the copyright for the review.
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