New developments concerning european business – term paper - Business Essay Example

            When talking about the new development of European business integration on economic methodology, findings, practical implications and its importance, it is useful to distinguish between methodologies on the one hand and on the other - New developments concerning european business – term paper introduction. On the whole, one can say that methodology is concerned with methods, approaches and approaches in which analysis is carried out, while findings is about analysis, discussion or results on each coursework of concerns. Furthermore, practical implication deals with practice, applications and consequences. Importance has more to do with the overall evaluation of the paper write up and contents of theories, though of course there are interdependencies among all factors. Dealing with questions of method and then add some observations on research and teaching which are, however, also implied to some extent in the section on methods.

             This paper will discuss the new development concerning European Business. It shows methodology in connection with different theoretical approaches. And approaches must result to a positive economic advancement.

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              The tremendous technological, economic, and social changes, which at present seem to push us into a new stage of capitalism perhaps the time may soon be ripe for some more fundamental paradigmatic change which cannot foreseen. However, as a European, I may be permitted to point out that at least so far; such deeper-going changes have been a typically European contribution. Even in the case of game theory, which was developed in the other nation were laid by concerned Europeans personalities that help in the process of the economic development.

          The paper approach will discussed on methodological aspect of New European development, findings that is noticeable on business, implication and importance of such as development of European business and the value of the new European business economic development The course of study will also covers challenging times for our company and our industry, and the years 2005-2007 represent a critical period. At the same time, European see enormous opportunities based on the unmatched global scale, financial flexibility, and the skills.

          As per stated in the on practical implications were different ideas on the new development in economic condition in Europe. The new business metrics, bottom-up market consistent approach, world views about economic progress of European and implication to these principles were found successful and helpful for the European economy as well. Varied changes in the economic status been discussed and analysis its existing principles that changes the condition of Europe.

Methodology

            Methodological questions had been neglected for a long time by economists and the specific questions of economic methodology also by philosophers of science. This has changed considerably in recent years which have seen lively debates about methodological questions and have resulted in specialized journals for economic methodology. However, it should be remembered that many basic questions had been raised long ago.

            The first main impulses for a revival of interest in methodological questions started 50 years later on a small scale at first, growing rapidly more recently.” A decisive push was initiated by Thomas Hutchison in the 1938 publication, “The Significance and Basic Postulates of Economics,” with similar ideas propagated after the war. This new wave was strongly influenced by Karl Popper [1934] (http://iaes.org/journal/)”. His methodological prescription for scientific strategies is based on the “falsification method.” Its main content is: In “desperate brevity”–to use a favorite, that is, Schumpeterian phrase–scientific theories should start with certain axioms and assumptions from which various hypotheses can be deduced then tested through confrontation with the real world. Such experiments can verify or falsify the hypotheses. Verification can strengthen the belief in the correctness or reliability of the theory but can never prove it because inductive, such as empirically based, reasoning cannot be a proof; tomorrow things may be different. Falsification, on the other hand, can provide certainty, that is, the certainty that the hypothesis and with it the theory from which it is derived does not represent a universal “law” or “truth” .Therefore, the Popperian prescription in its crudest form stipulates a strategy where:

1) Theoretical hypotheses are so formulated that they can be falsified; and

2) Experimental efforts should be made not so much in order to find verification for the hypothesis, but rather to falsify it.

           Another methodological approach is in the context of a bottom-up market consistent value, results are independent from the choice of market assumptions as both earned rate and risk discount rate are equal to the risk free rate. “Time value of options &guarantees is explicitly allowed for based on stochastic scenarios consistent with the approach used in financial markets (http://www.prnewswire.com)”. The value also includes a specific charge for the cost of capital and non-financial risks based on holding capital required to obtain at least an AA rating at the local entity level.

          Thus on the onset of AXA has chosen a bottom-up market consistent approach because management believes that it provides the most transparent information on value to the shareholder, is better aligned with the way the business is managed internally and allows the measurement of risk adjusted values by product, while differentiating risks for in force and new business.

            But with this type of methodological approach, the best to look into is the positive impact to the development of the European economy at large. People will always see to it and look at the changes up to the positive results that can be tested .In actual results, it benefits not only to one person but everybody’s concerned.

            Recommendations from the Task Group included the discovery, domestication, and commercialization of new crops. Several potential new crops were discovered, including wild plants from within the borders of the US. Unfortunately, only meager funds, if any, were provided for developing cultivars, production practices, and markets for these crops. Research chemists in USDA had major control of this program. Funding of research in crop improvement, production management, and marketing was low to nil. And, nationally, new crops development again was considered secondary to research aimed at finding new uses for existing commodities.

               Globalizations come across the economy of European, thus the existing of globalize-intensive world cannot be avoided. “To mention some were computers and telecommunications make European performance transparent to all of the constituents – whether we like it or not – ensuring that everything we do is judged by an extremely discerning and well-informed audience (http://news.dow.com)”. Inadequate financial performance can no longer be hidden. Environmental deficiencies in Africa will quickly become known in America, Asia, Australia and Austria. And an individual’s opinion about a Dow product in England can rapidly lead to outrage on a truly global scale. Dow can come to events like this and tell everyone what sustainable development means to us. Yes, we can ensure our web site shouts to the world the positive steps we’re taking towards achieving a balance between economic, environmental and social performance. And it can, have course, publicly champion the values and declare commitment to getting sustainability right. From Dow’s perspective, although European made good progress over the past decade, there’s still a very long way to go. The European will progress along the road towards a sustainable future. As well as detailing the progress made over six years in pursuit of our voluntary Environmental, Health and Safety Goals for 2005, it also explains some of the dilemmas and issues we’ve faced in driving our Sustainable Development agenda. And it explains how we’re addressing them.
Findings

            One of the reports shows the efforts of being effective in contributing to the vision of the maritime policy in Europe.

          “ The European Commission’s Green Paper, entitled: Towards a future Maritime Policy for the Union: A European vision for the oceans and seas, was the basis for discussion at The European Institute’s special International Conference to explore ways the EU and U.S. can cooperate to best serve and protect their maritime interests(http://www.europeaninstitute.org)”. Ambassador John Richardson, Head of the Maritime Policy Task Force of The European Commission, gave an overview of the Green Paper and asserted that it is possible to achieve both maritime security and sustainability through transatlantic cooperation. Admiral James D. Watkins (Ret.), President Emeritus of the Consortium for Oceanographic Research and “Education and Chairman for the Commission on Ocean Policy, agreed with this assessment and emphasized the importance of the UN Convention on Law of the Seas(paginas.fe.up.pt)”. Admiral Watkins urged the U.S. Congress and Administration to approve U.S. ratification of this treaty.

             Few questions brought about changes that Europeans was trying to cope at this new development in the economy were as follows: What forces are changing in the workplace? Most business leaders would agree about the trends and forces which are challenging their traditional views of competitiveness and of the key factors for competitive success. These forces include the following: Globalization of markets, consumer preferences, supply chains and financial flows. For many, globalization is a revolution, not simply a trend. This shrinking of our planet creates an interdependence which calls for a new mind set, shifting our thinking from the parts to the whole, to connectedness and relationships, to cooperation rather than competition.

             In the views of some research prior to the issues on the contractor shall make appropriate arrangements to undertake a research and development programmed to ascertain the needs and interests of the audiences of EU services, which it may operate both within the contractor and in collaboration with universities, businesses and others as it sees fit. Therefore the ethical views of this concern will follow such The Contractor shall not offer or give or agree to give to any person in EU Institutions any gift or consideration of any kind as an inducement, or reward for doing or forbearing to do, or for having done or forborne to do, any act in relation to the obtaining or execution of this or any other Contract or for showing or forbearing to show favor or disfavor to any person in relation to this or any other Contract or Convention;

            “ Any breach of this condition by the Contractor or by anyone employed by the Contractor or acting on its behalf (whether with or without the knowledge of the Contractor) or the commission of any offence by the Contractor or by anyone employed by the Contractor or acting on its behalf in relation to this Contract might entitle the Commission, after an appropriate contradictory procedure, to recover from the Contractor the amount or value of any such gift, consideration or commission(http://www.euronews.net).

Implications and Importance

            There are many views of the very importance and implications of the new development concerning the European economy now days as well.” The impressive performance of the U.S. economy over the last six years contrasts with rather lackluster performance in both Europe and Asia (http://www.sba.gov)”. During the Clinton Administration, while employment has remained virtually unchanged in the European Union, it has increased by at least 14 million in the United States. What accounts for the disparity in performance between the United States and its trading partners? Differences in competition, entrepreneurship and new firm startups are a major factor. These were the reasons that economy in Europe blooms into a very encouraging positive effects in the Europeans economy.

            Taking into accounts on the world views about economic progress of European, The World Wide Web and its infrastructure, the Internet, plays the key role in the development of the Information Society.” The mission of the World Wide Web Consortium (W3C) is to “lead the Web to its full potential” by evolving the Web as a “robust, scalable, adaptive infrastructure”(http://www.w3.org)”. W3C’s main deliverables are its Recommendations (specifications) that evolve the Web protocols plus timely conversion tools, validation systems and checklists. Between 1995 and 1999 W3C, with the support of the European Commission, has built a strong European presence, initially via the Web core Contract which set up the European team at INRIA. This was then extended by the W3C-LA (W3C Leveraging Action) project (Demonstration Action ESPRIT project 26229 – W3C-LA) that encouraged the take-up of Web technologies by developing demonstrators related to the currently emerging Web technologies and disseminating them across Europe using six European Offices in Italy, Germany, Greece the Netherlands, Sweden and the UK.

            This project will be executed in cooperation with existing national organisations, namely the W3C European Offices, which are all located at national government-funded vendor-neutral laboratories. They have good links to the relevant IT national dissemination and standards organisations. They were chosen on the basis of their national position, awareness and contacts.

            On the consensus voting results among Americans and Europeans, The Russian Ambassador said the co-sponsors of the draft, ignoring the views of other Council members, had put the draft to a vote, and he told Council members that ”under such conditions, the Russian delegation had no choice but to exercise a technical veto (http://www.hri.org)”. The Russian Federation was prepared to work constructively in elaborating a resolution on the issue. Such work would be continued after the referenda and would take into account their results. The British permanent representative Adam Thomson, speaking after the vote, said his delegation was disappointed that the Council had been unable to reach consensus. These personalities made a very influencing part to admit the notions that also widen the scope of the economic aspect of European as well.

Practical Implications

            Here are list of the factual implications to the aspect of European economy recently,

1. The European Council reviewed progress across a range of areas and set out guidelines for future policy development in each of these areas.
2. The meeting was preceded by an exposé by the President of the European Parliament, Mr. Pat Cox, followed by an exchange of views.
3. The European Council expressed its concern at the low voter turnout in last week’s elections to the European Parliament. It recognizes the need to strengthen a sense among the citizens of Europe of the importance of the work of the Union and its relevance to their daily lives. Following a preliminary discussion on this occasion, the European Council intends to return to the subject at its next meeting. In the interim, it welcomes the intention of the Netherlands Presidency to take forward the “Communicating Europe” initiative of the Irish Presidency.

4. The citizens of Europe increasingly look to the Union to deliver practical advances in the Justice and Home Affairs area based on our common shared values of liberty, respect for human rights and fundamental freedoms, and the rule of law.
5. The European Council welcomes the Commission report on the progress achieved under the five year tamper programmed, which demonstrates the substantial progress made in creating a genuine area of freedom, security and justice.

6. It notes that a number of further important steps have been taken in the first half of this year. These include the adoption of the Asylum Qualifications Directive and the political agreement reached on the Asylum Procedures Directive; the political agreement on the Directive on the admission of third country nationals for studies and related purposes; the adoption of the Regulation on a European Enforcement Order for uncontested claims; and the general agreement on the text of the Framework Decision on the mutual recognition of confiscation orders.

7. The European Council believes that the time has now come to launch the next phase of the process. It therefore invites the Council and the Commission to prepare proposals for a new programmed for the coming years to be considered by the European Council before the end of 2004.
8. The European Council underlines the need to pursue with determination the objective of building a common area of freedom, security and justice. The new programmed must be commensurate with the scale of the challenge and with the expectations of our citizens. It should be practical, building on work underway arising from the Tamper programmed and an evaluation of first generation measures. It should also be grounded in the general principles of need for European added value and respect for the principles of subsidiary, proportionality, and solidarity. At the same time, the multi-year programmed should make real and substantial progress towards enhancing mutual confidence and promoting common policies, including practical cooperation, to the benefit of all our citizens.
9. Momentum must be maintained pending adoption of the new programmed. The European Council emphasizes in particular a number of priorities in the asylum and immigration area. The new European Borders Agency, on which the Regulation is close to finalization, should become operational at the outset of 2005. The implementation of the Plan for the Management of the Maritime Borders should be reviewed. The Council and the Commission are invited to consider further proposals for a financial instrument for return management, drawing on the experience gained in the return area to date. Council is also invited to examine proposals contained in the Commission’s Communication on entry to the Union of persons in need of international protection, as well as in the Communication on the relations between legal and illegal immigration.
10. Drug abuse and drug trafficking are scourges which must be vigorously confronted. The Council is invited to agree proposals no later than December 2004 for a new EU Drugs Strategy for the period 2005-2012. The proposals should have regard to the Commission’s final evaluation of the 2000-2004 Drugs Strategy and Action Plan as well as the outcome of the recent Dublin Conference on an EU Strategy on Drugs/The Way Forward.

          The Intentional Entrepreneur will help technology professionals and students of business, engineering, or science learn the art of entrepreneurship. It’s emphasizes, the real-world experience of men and women who are creating new ventures that will survive in the post-bubble economy. The book adds structure and context to its stories with chapters interpreting recent research on business models, marketing, new venture finance, and intellectual property. Unlike most books on entrepreneurship, The Intentional Entrepreneur gives special emphasis to technology markets throughout. Readers will find unique value in chapters devoted to: the technology market cycle; disruptive technologies; path dependence, lock-in, and network economies; technology and social systems; and the acceleration of technological change. The book does not presuppose extensive knowledge of business or economics, and is suitable for undergraduates.

           Other importance to implications of the economic progress will be stated in a manner it was dealt with. On a deeper level, and in significant respects more important, are many common values and shared cultural traditions; a fundamental commitment of the European Union and its member states to Israel’s security, however differently envisaged; intense networks of personal and professional relations; European feelings of guilt for the Shoah; a comparable confrontation the European Union. with Islamic fundamentalism, which is likely to pose escalating threats to the Union; and, most important of all, a shared interest and value of avoiding a clash of civilizations, improving relations between Islamic and Western actors including Israel, and achieving at least a quasi-stable settlement of the Israeli- Palestinian conflict and, in the longer run, a peaceful and prosperous “New Middle East.”

            However, many of these Israeli assets are counterbalanced and often outweighed by EU assets that can bring many benefits or grievous harm to Israel. These are too obvious to need enumeration, but they lead to a very important conclusion that often is not given enough weight in Israeli policies, namely, that improving relations is more of an urgent need for Israel than for European Union.

The value of the New European Business Economic Development

          New Business metrics for Life & Savings operations can be seen accordingly. Life & Savings New Business APE increased 1% compared to the Traditional framework, mainly due to the different treatment of future flexible premiums under EEV, in line with the CFO Forum principles. Life & Savings NBV increased by 16%, as the time value of O&G on new business was more than offset by the positive impacts of certainty equivalent valuation and other adjustments.

         In the context of a bottom-up market consistent value, are independent from the choice of market assumptions as both earned rate and risk discount rate are equal to the risk free rate. Time value of options & guarantees is explicitly allowed for based on stochastic scenarios consistent with the approach used in financial markets. The value also includes specific charge for the cost of capital and non-financial risks based on holding capital required to obtain at least an AA rating at the local entity level.

    AXA has chosen a bottom-up market consistent approach because management believes that it provides the most transparent information on value to the Shareholder is better aligned with the way the business is managed internally and allows the measurement of risk adjusted values by product, while differentiating risks for enforce and new business. The revised approach to embedded value uses sophisticated stochastic models that are capture the impact of movements in the financial markets on value, allowing for management actions and anticipated policyholder behavior under those circumstances.

            Some other important aspect to considers as well in the views between countries with European can be expand as, in view of the deep bases of disagreements between Israel and the European Union, relying on ad hoc action, changes in the personal composition of the EU bodies, “personal chemistry,” better public relations, luck, and so on is clearly not enough. Whether according to the proposed principles or others, Israel urgently needs to craft a grand strategy toward the European Union. The European Union, too, should significantly improve its grand-strategic thinking. But this is a task for the European Union to consider, while developing and implementing an Israeli grand strategy, aimed at improving relations and upgrading cooperation with the European Union including in political and security matters, is a task awaiting Israeli decision makers and strategic thinkers. However, crafting and implementing high-quality grand strategy, which is essential for Israel’s future, requires considerable changes in the Israeli political system and machinery of government. That, however, is a subject for another article.

            Looking back issues of concerned of the importance or most valuable issues to considers in the economic development among European as well can be explain, it is certainly useful to understand the historical circumstances in which a theory is formulated, not least because “such understanding should immunize us against the force of prestige and authority, and against comfortable familiarity with a set of conceptual furniture which has been acquired as a matter of accident.” Furthermore, it will inform the choice of an appropriate frame of reference for the addressing of contemporary problems in accordance with the “practical affirmation of our values – ‘practical’ affirmation, because no one may participate in the making of a perfect society, but rather in helping reduce the amount of needless waste and frustration of personality(http://www.dougdowd.org)”

            The value of the new European Development in economy brought a large impact due to globalization that coming up the nation, the European economic status. Unions all over the world are reeling before the historic changes summed up in the word “globalization.” At the core of most national trade union strategies is the elimination of labor costs as a factor in competition. But globalization has undermined that strategy. As Morgan Stanley chief economist Stephen Roach put it, “Wage rates in China and India range from 10 percent to 25 percent of those for comparable-quality workers in the U.S. and elsewhere in the developed world. Consequently, offshore outsourcing that extracts products from relatively low-wage workers in the developing world has become an increasingly urgent tactic for competitive survival by companies in the developed world.

            EU Treaty Provisions Governing Investment, Historical Background: The European Union has perhaps one of the most hospitable climates for U.S. investment in the world. This reflects, in part, the process of European integration. One of the most remarkable, if least noted, aspects of the 1957 Treaty of Rome (now known as the EU Treaty) which established the European Community (now Union) is that it created a near-perfect investment treaty among the countries which form the EU. Under EU Treaty Article 43, EU Member States must permit investors from other Member States to establish and conduct business on a national treatment basis. Investors have the right to transfer capital and earnings freely, and are guaranteed national treatment on expropriation. Finally, any violation of these rights can be adjudicated by the European Court of Justice, which may hear cases related to violations of treaty rights directly, or overturn national court decisions found inconsistent with the treaty. This was a remarkable achievement, given that the six original signatories to the treaty had been at war with one another a decade previously.

         This factual issue brings the economic status among European changes accordingly. In the findings of this paper, European has asked question that will follow the new principles brought in the economic condition among European. All the concerns on the issues of the new economic concern of Europeans are suggested to continue be very critical of the new principles brought to the economy among European as well. It should be properly scrutinize for the purpose of changing positively the entire economy.

References

http://iaes.org/journal/aej/sept_99/rothschild/rothschild.htm

http://news.dow.com/speeches/20020924.htm

http://www.euronews.net/create_html.php?page=charta&lng=1&PHPSESSID=66421dc124ff966965515f9c71e7e375

http://www.dougdowd.org/NewFiles/articles/keaneyhi.html

http://www.europeaninstitute.org/content.php?section=special

http://www.hri.org/news/greek/ana/2004/04-04-23.ana.html

http://www.prnewswire.com/

http://www.w3.org/2002/12/qh-new-annex.htm

http://www.sba.gov/advo/stats/evol_pap.html

paginas.fe.up.pt/nuce/EUROPEAN.html

www.delwbg.cec.eu.int/en/whatsnew/madaniat_eng

 

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