Financial Services Industry Report
In order to succeed in the global market, it is imperative to know the various global financial institutions and the sources of funds for international operations. This paper will identify the role of financial institutions in the global economy and explore changes this industry will be experiencing during the next decade. In addition, this paper will demonstrate the impact these changes will have on Campbell Soup Company.
Financial institutions have the ability to serve as agents for its clients providing financial services. These services include, but are not limited to the facilitation of money, such as credit; investments-related services; stock exchange; and any other accounting or finance services. The global financial system (GFS) refers to those financial institutions and regulations that act on the international level, as opposed to those that act on a national or regional level (Global financial system, 2005, p1).
The International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank are considered to be the most important international institutions. The Internal Monetary Fund acts as a lender of last resort to governments in financial distress, e.g. balance of payments crisis, currency crisis and debt default. Decisions are based on quotas, or the amount of money a country provides to the fund (IMF at a glance, 2005, p1).
The World Bank aims to provide funding, take up credit risk or offer favorable terms to development projects mostly in developing countries that could not be obtained by the private sector (What is the World Bank, 2005, p1). The only global international organization that deals with the regulations of trade between nations and settles trade disputes and negotiates international trade agreements is the World Trade Organization (What is the WTO, 2005, p1).
An important area of international finance is the financing international trade and investments. This area must be understood in order to raise funds at the lowest cost possible. There are some organizations that deal with international trade and have access to both the domestic and foreign capital markets. For example, the Eximbank (Export-Import Bank) finances exports from the United States to foreign countries. It facilitates the financing of U.S. exports through landing money to foreign purchasers of U.S. goods and...
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...ed the importance of global financial institutions, and as globalization proceeds, the magnitude of this industry is expected to grow.
References
Basic facts about IFC. 2005. Retrieved on April 2, 2005 from (http://www.ifc.org).
Campbell Soup Company 2004 Annual Report.
Eurobond Online. Retrieved April 2, 2005 from www.eurobondonline.com/euro.htm
Eximbank Mission. 2005. Retrieved on April 2, 2005 from (www.exim.gov).
Financial Services Fact Sheet. (2004). Hoover’s Database. Retrieved April 2, 2005 from University of Phoenix Online Library.
Financial Services Trends and Market Analysis (2004). Plunkett Research Online Database. Retrieved April 2, 2005 from University of Phoenix Online Library.
Global Financial Systems. 2005. Retrieved on April 2, 2005 from (http://encyclopedia.laborlawtalk.com/Global_financial_system
International Finance Corporation Online. Retrieved April 2, 2005 from http://www.ifc.org
IMF at a glance. 2005 Retrieved on April 2, 2005 from (http://www.imf.org/external/np/exr/facts/glance.htm).
What is the World Bank. 2005. Retrieved on April 2, 2005 from (http://www.worldbank.org).
What is the WTO? 2005. Retrieved on April 2, 2005 from (http://www.wto.org).
The PubMed Database was conducted for search the literature about the chosen health behavior. Key search terms were used: sun protective behavior, sun protective behavior AND project, sun protection* AND project, sun protective behavior AND questionnaire*, sun protection* AND trend* AND skin cancer. Limits including: publication date 10 years, free full text available, English. In addition, the age limitation is adults.
The Columbian Exchange was a period where exchanges between the New and Old Worlds took place. There were cultural and biological exchanges and these included plants, animals, diseases and even technology (Crosby, A.). These exchanges not only transformed the European and Native American ways of life but made it easier. The Columbian Exchange not only transformed life but impacted the social and cultural structure of both sides of the World. Advancements in agricultural production was seen, there was an evolution of warfare, an increased mortality rates and education was also effect by the Columbian Exchange on both the Europeans and Native Americans (Crosby, A.). This exchange began in 1492 with Columbus ' discovery but afterwards, the trade
The large-scale multinational financial giants are probably represented by the renowned investment banks such as Goldman Sachs, UBS, D...
...d, the tragedy of the trade can never be erased from America. Disease, plants, animals, and ideas were spread to both worlds, and only one seemed to benefit. However, America was not completely at loss. Nutrients such as potassium, which can be found in plantains, helped many Native’s recover from the epidemics they faced. Wheat was used to boost carbohydrates consumed. Horses were useful to Amerindians for transport and hunting. However, the Columbian Exchange left a large footprint that would affect history forever.
Enjoy the sun safely by protecting your skin and don’t become one of the 20 people that die every day from this disease that can easily be prevented!
The Columbian Exchange was a giant step towards globalization. This trade route connected the world and introduced world changing concepts to both sides. Disease, religion, and a new government were shipped to the New World. Europe, however, was better affected by the exchange of goods. New crops that were able to better feed the population were imported. These population booms were able to set up the environment for the Industrial Revolution. The Columbian Exchange gave Europe the assets needed to prosper into the nations that it has become through the importing of new crops, changes in population, and Old World nation's desire to control more of the trade routes.
William Sharpe, Gordon J. Alexander, Jeffrey W Bailey. Investments. Prentice Hall; 6 edition, October 20, 1998
Yet others bring skin cancer upon themselves by not protecting their skin the way they should. The different ways to help prevent skin cancer is to wear sunscreen, whether it is for a beach trip or just a relaxing class of tea with friends on the back porch sunscreen is the biggest and best protector for skin cancer. For the face it is important to wear sunglasses with 100% UV protection, lip balm with SPF, and a facial moisturizer or makeup that contains SPF 15 at the least. Clothing is also something that is very helpful when it comes to protecting your skin; a big hat can be worn to cover the face and shoulders or a long sleeve shirt to protect the arms from the beating sun. The hottest time of the day is 10-2, during these hours more cautious measures should be taken to shield your skin from sun than in earlier or later
Global market is the financial market that targets the worldwide scale. It represents the buying and selling the goods all around the world. It has to deal with different sets of competitive, economic and market issues. This kind of market implements several different marketing strategies based on the region the company is marketing to attract the customer’s attention. It has a very wide scope since the market runs globally.
Howells, Peter., Bain, Keith 2000, Financial Markets and Institutions, 3rd edn, Henry King Ltd., Great Britain.
Financial Future: Where Will it be in 10 Years? Retrieved on November 20, 2013 from
Block, S. B., & Hirt, G. A. (2005). Foundations of financial management. (11th ed.). New York: McGraw-Hill.
Many researchers have pointed out that the global imbalances are the root of the recent financial crisis. Portes claims that “the underlying problem in international finance over the past decade has been global imbalances, not greed, poor incentive structures, or weak financial regulation, however egregious and important these may be.” (2). According to him, the global imbalances lead to “the increasing in dispersion of current account”, which “puts a burden on financial systems to intermediate.”
Financial statements can provide a wealth of information about a given organization. These statements provide information about the company’s financial position, cash flows, operations, performance and changes in the financial position. This information may be used as part of the decision making process for employees, shareholders, investors and competitors. Based upon these financial statements, key ratios are used to provide additional insight as to the financial health of a given company. Being familiar with financial statements can increase financial literacy. For this discussion, Citigroup’s (Citi) financial statements will be reviewed.
The MNEs engage in foreign or international trade which involves the exchange of goods and services across national frontiers. Globalization has encouraged more firms to participate in trading at the international level. Financial resources are required to finance this exchange of good and services and the choice of finance depends on the firms and the environment the trade is taking place.