Studies about Globalization, Redemocratization and the Philippine Bureaucracy
Abstract: The increasing demands and expectations placed upon the Philippine bureaucracy by a redemocratizing society are further amplified by the strengthening of global institutional pressures emanating from organizations such as the World Trade Organization and the Asia Pacific Economic Cooperation. These forces converge to advocate a minimal and more effective government through downsizing, privatization, deregulation, decentralization, harnessing civil society and private sector capacities, empowering citizens, and adopting a customer orientation. These have led to significant changes in the very nature and role of the civil service, how it is managed, and the means by which administrative reform can be achieved.
Executive Summary: The Philippine bureaucracy today is confronted by a plethora of obstacles it has to surmount. Whether from external, global institutional pressures or the increased internal demands placed upon it by a redemocratizing Philippine society, the nature of policy making and implementation of government has to adapt and cope with all of these new issues. With new or stronger pressures comes increasing expectations from the citizenry, despite the limited human and financial resources of government that keep getting stretched to the limit. This study delves into the impact of globalization on the national bureaucracy in the context of redemocratization. These changes are studied as they happen in the national government, with three agencies serving as case studies. Keep reading..
This paper brings into focus the impact of employee buyouts on corporate governance in transition ten years after the large-scale privatization took place in Russia. The analysis shows that although privatization employee buyouts have helped to reduce unemployment and prevent major social conflicts, it otherwise had a negative effect on corporate governance and firms’ productivity. An excessively large labor force and the management’s tendency to preserve the old Soviet-style corporate governance hampered the long-term growth of privatized enterprises in Russia. Unlike in many other transition countries employees in Russia were obedient to the directors who ruled the enterprises in the absence of any meaningful system of checks and balances. Employee ownership still remains a popular idea in Russia, but subsequent attempts of the Russian government to isolate enterprises from outside investors in the form of people’s enterprises have proved to be a failure … click here to read ahead
Globalization Process in India: A Historical Perspective Since Independence, 1947
INTRODUCTION: Since the early 1970s, there have been several research papers on varied issues of globalization with reference to India. However, one of the basic issues is still not researched sufficiently. The key concern of this paper is to explain the meaning of Globalization in terms of the genesis, the evolution, and the characteristics of globalization with respect to India. In other words, the paper focuses on what globalization has meant for India during the last about 60 years.
In early 1990s the Indian economy had witnessed dramatic policy changes. The idea behind the new economic model known as Liberalization, Privatization and Globalization in India (LPG), was to make the Indian economy one of the fastest growing economies in the world. An array of reforms was initiated with regard to industrial, trade and social sector to make the economy more competitive.
Comparative Study of Selected Insurance Companies in Haryana and Punjab
Abstract: The interest shown by people in the Unit Linked Insurance Plans is because of the many benefits these plans offer such as high growth potential, life risk cover, transparency, tax benefits and premium payment flexibility etc. It is one of the best methods of investments if one is living in an economy that is booming and is on the path to growth. The units that are part of the share market are bought with money invested by the investor and as the equitymarket grows, the money invested by the investor also increases and gives a good return.
Introduction: ULIP came into play in the 1960s and is popular in many countries in the world. Unit linked guidelines were notified by Insurance Regulatory Development Authority (IRDA) on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these products among the insured, especially since the investment risk is borne by the policyholder. It is the endeavor of IRDA to enable the buyer to make the most informed decision possible when planning for financial security. The Indian insurance sector has gone through a sea change after the adoption of liberalization, privatization and globalization process by the government in the last decade of 20th Century..
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Privatization and Enterprise Performance in Nigeria
Abstract: Despite an impressive level of privatization activity across Africa and the upsurge in research on the operating performance of privatized firms in both developed and developing economies, our empirical knowledge of the privatization programme in Africa is limited. This study appraises the post-privatization performance of some privatized enterprises in Nigeria. The specific indicators examined are profitability, productive efficiency, employment, capital investment, output, prices and taxes. The study measures the change in any given indicator of performance by comparing its average value five years before and five years after privatization.
Introduction: Privatization of state-owned enterprises (SOEs) has become a key component of the structural reform process and globalization strategy in many economies. Several developing and transition economies have embarked on extensive privatization programmes in the last one and a half decades or so, as a means of fostering economic growth, attaining macroeconomic stability, and reducing public sector borrowing requirements arising from corruption, subsidies and subventions to unprofitable SOEs. By the end of 1996, all but five countries in Africa had divested some public enterprises within the framework of macroeconomic reform and liberalization (White and Bhatia, 1998)..
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A Case Study in Privatization:
The privatization of Kenya Airways was the first-ever privatization of an African airline. The sale of a major state-owned asset is usually a highly charged political event, and the two-year process by which 77% of the shares of Kenya Airways were sold to a broad array of private investors was no exception. From the outset the press and public of Kenya speculated as to how and when the process would fail, and which interests would profit from that failure. Yet the privatization was carried out successfully..
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The Situation: Telecom Egypt has been the country’s only provider of fixed telephone lines for 150 years. Following the trend toward privatization, Egypt decided to open its landline market in 2005. Telecom Egypt is proactively upgrading its service and solutions to attract multinational partners and to ensure its competitive market position…
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Company overview: Turkcell is Turkey’s leading GSM operator, with 27.9 million subscribers and 100% coverage of all towns with 5,000-plus inhabitants. As Europe’s fourth-largest GSM operator, Turkcell’s outstanding market coverage is matched by a global reputation for innovation. The company was the first to introduce convergent billing solutions in the GSM Association and in Turkey it has consistently been a market leader, introducing a range of new products and services.
Business challenge: With the drive towards privatization and deregulation gathering momentum, new operators have wasted no time entering the Turkish marketplace. 2005 saw a number of significant developments including the arrival of Vodafone and the purchase of a 55% stake in fixed-line operator Turk Telekom by a consortium which includes SaudiLebanese company Saudi Oger and Telecom Italia… Read more..
In contrast to the rest of India, where it is the government that predominantly owns and manages ports, the Indian state of Gujarat has implemented various forms of port liberalization since the 1990s. This has helped it become the country’s fastest growing state. Gujarat’s economy has grown at an average of 10.14 percent per year from fiscal year 2001 to fiscal year 2006, the last five years for which data are available. This is comparable with China’s average growth rate since 1978, and is distinctly faster than the growth of the other Asian tigers in the 15 years before the Asian financial crisis of 1997.
Gujarat has broken new ground with different forms of privatization, ranging from private provision of port services to completely private ownership of new ports. The process started in the 1980s and gathered momentum rapidly after the central government in New Delhi enacted major economic reforms in the early 1990s. Gujarat has taken advantage of a constitutional loophole to convert its minor ports into some of the biggest ports in the country, vastly improved the availability and efficiency of port infrastructure, and facilitated the development of industrial centers that otherwise would not have existed. Click here to read more…
A few years after its privatization, a major European telecom company sought to compete with global media and IT players by embracing the internet telephony revolution and building businesses in both mobile networks and digital television. But the company recognized it would have to recruit and develop large numbers of highly skilled managers and specialists to deliver on this vision. The HR director therefore asked McKinsey to help shape a comprehensive talent and leadership strategy.
The work began with a detailed diagnostic, which revealed that the company faced a serious shortage of both leaders and technical talent such as IT specialists. Further, silo thinking hampered the cross-division collaboration needed to foster growth and develop talent. Finally, line managers doubted the HR function’s credibility and were likely to resist any talent initiative it proposed. Click here to read more…