The document contains several articles on topics related to globalization such as its impact on various economies, industries and markets. One article discusses the Indonesian government taking emergency measures to address the economic recession's effects. Another examines globalization's impact on China's economic growth. A third discusses accounting standards and their adoption. Overall the document covers how globalization and the global economic situation affect many different areas worldwide.

1. “COLLECTION OF ARTICLES”
THEME: “GLOBALIZATION”
KADIN: THE GOVERNMENT SHOULD TAKE EMERGENCY
MEASURE. (GLOBAL ECONOMIC RECESSION HURTS
INDONESIAN ECONOMY)(GOVERNMENT ACTIVITY)
(INTERNATIONAL PAGES)(BRIEF ARTICLE)
Indonesian Commercial Newsletter, October, 2001
KADIN: THE GOVERNMENT SHOULD TAKE EMERGENCY
MEASURE. The Indonesian chamber of commerce and industry
(Kadin) has urged the government to take emergency steps to
forestall the impact of the global economic recession on the
country's ailing economy. The world's economy is jolted under the
impact of the terrorist attacks on the U.S.World Trade Center and
the Pentagon and the retaliation launched by the United States
against Afghanistan. The impact is worse on Indonesia's reeling
economy. The government, therefore, should immediately take
emergency measure to reduce the impact, otherwise many
companies would be out of business and more workers will lose
their jobs
WHAT IS THE IMPACT OF THE GLOBAL ECONOMIC DECLINE
ON THE WORLD'S FASTEST GROWING ECONOMY?
Coatings World, June, 2009 by Dan Watson
The world is very familiar with the unprecedented economic
growth enjoyed by China over the past few years. However,
China, similar to other countries, has seen its financial engine
slow owing mostly to the global economic decline. For instance,
China's economy grew at 6.1% in the first quarter of 2009, which

2. is the slowest rate of growth in nearly a decade, down from the
6.8% realized last quarter and from the 10.6% level year-on-year.
Gross domestic product (GDP) reached 6.6 trillion Yuan
(approximately US$939 billion) during the first quarter. Meanwhile,
overall industrial output grew 5.1 percent for the quarter and gave
encouraging signs of continued improvement. Recent China
Government supplied data indicated that industrial output grew
8.3 percent in March 2009, supporting the premise that the
Chinese market is rebounding somewhat. However, continued
increases in unemployment throughout China may erode both the
output for the second quarter and the enthusiasm for a rebound
in the economy garnered during the first quarter. At the end of
2008 China announced that it would be initiating an economic
stimulus package valued at more than US$580 billion. A good
portion of this package was earmarked to expand China's
infrastructure (i.e., roads, airports, train lines, electric power,
etc.). Shanghai airport has already announced plans for serious
upgrades and in Beijing, where highways already exceed 20,000
kilometers, there are plans to construct another 5,000 kilometers
over the next two to three years. Tianjin plans to build at least
nine additional subways. China has also indicated that
investments in Zinging power grid will double that of last year.
China will also use part of the stimulus package to increase
subsidy for auto, home and appliance replacements. With the fall
off in exports, China is hoping to increase domestic sales.
FACULTY IN KPMG-AAA SURVEY SEE U.S. ECONOMY,
STUDENTS IMPACTED WITHOUT ADOPTION OF GLOBAL
ACCOUNTING STANDARDS
PR Newswire, Sept 22, 2009
Half of professors say U.S. regulators show low sense of urgency
about adopting global standards Cite magnitude of changes to
curricula as most significant challenge NEW YORK, Sept. 22
/PRNewswire/ -- Accounting faculty at universities throughout the
United States believe their students and the U.S. economy will be
at a disadvantage if U.S. regulators do not adopt a set of globally
accepted accounting standards and if universities do not take
immediate steps to incorporate International Financial Reporting
Standards (IFRS) into U.S. accounting curricula. This is according

3. to a survey conducted by the American Accounting Association
(AAA) and KPMG LLP, the audit, tax and advisory firm. The
second annual KPMG-AAA Faculty Survey, conducted during July
and August 2009, showed that nearly half of the 500 professors
who responded believe the United States should transition to IFRS
to remain competitive, and three-quarters think IFRS needs to be
immediately incorporated into their school's curricula.
Half of the professors responding to the survey said they thought
a low sense of urgency exists among U.S. regulators to adopt
IFRS by a "date certain," while only 16 percent thought regulators
had a high sense of urgency. Seventy-four percent of
respondents said that U.S. adoption of IFRS will occur through
convergence of U.S. GAAP (Generally Accepted Accounting
Principles) with IFRS by 2015 or later. Meanwhile, 17 percent think
U.S. public companies will be required to adopt IFRS outright by
2015 or earlier. Nine percent think IFRS will not be adopted by U.S.
companies.
GLOBAL WARMING: UNEXPECTED IMPACTS ON MONTANA'S
ECONOMY
Montana Business Quarterly, Summer, 2007 by Shannon Furness
Montana's summers will be longer and winters shorter. Fishing
season will start earlier. We won't have to shovel driveways or
snowplow the roads as often. Early spring blizzards that kill off
livestock will happen only once in awhile. In 30 years, when
temperatures have risen 2 degrees due to climate changes,
Montana will probably be better off than its southern neighbors. In
fact, our state may see increased migration trends as people
come to Montana to cool off.
That's an interesting spin on global warming," says Steve Running,
a University of Montana climate scientist who is one of a handful
of American scientists and the only Montanan asked to author the
climate change section of the report on Intergovernmental Panel
on Climate Change. Published in February, the report examines
climate change in North America."Montana tends to be kind of a
cold place, and it's getting nicer by most people's standards,"
Running says.

4. While the idea of warmer weather might be appealing to some,
things like drought, after shortages, and increasing wildfires
during the summer months are not so desirable.
PREMIERE GLOBAL SERVICES PROVIDES REVISED 2009
FINANCIAL OUTLOOK DUE TO CONTINUING IMPACT OF
GLOBAL ECONOMY AND HIGHER UNEMPLOYMENT
Business Wire, Sept 15, 2009
ATLANTA -- Premiere Global Services, Inc. (NYSE: PGI), a global
provider of on-demand, applied communication technologies,
today provided a revised financial outlook for the year. As a result
of the effects of continuing weak economic conditions, higher
unemployment and lower overall business activity in the
conferencing services industry, the Company’s revenues and
profits will be below previous expectations. Based on current
business trends and foreign currency exchange rates, the
Company projects full year revenues will be in the range of $595
million to $605 million and non-GAAP diluted EPS* will be in the
range of $0.84 to $0.90 in 2009, including the negative impact of
changes in foreign currency exchange rates. While we continue to
win major, new enterprise accounts, growth from our existing
customer base continues to be affected by the current economic
climate,” said Boland T. Jones, Founder, Chairman and CEO of
Premiere Global Services, Inc. “We believe this trend, which is
most apparent with our small- and mid-size customers, is a direct
result of lower overall business activity and continued high levels
of unemployment. Given the uncertainty of this economic
environment, we are pleased that current trends associated with
our new customer acquisitions, customer attrition and pricing all
remain within recent historical levels. "We believe that the long-
term drivers of growth and expansion of the global conferencing
industry remain positive, and we are taking steps to aggressively
pursue a lower and more efficient cost structure in our Company.
Although we are not yet seeing the impact of these cost initiatives
in our results, we believe we are continuing to build significant
scale and earnings power in our business. At the same time, we
continue to make investments in new, innovative and exciting
products and go-to-market strategies that we believe prepare us
for future growth.”

5. UNDERSTAND THE IMPACT OF A GLOBAL ECONOMY ON
SUPPLY CHAIN MANAGEMENT
Business Wire, Feb 28, 2007
DUBLIN,Ireland--ResearchandMarkets
(http://www.researchandmarkets.com/reports/c51242) has
announced the addition of the new Frost & Sullivan Report "World
Supply Chain Management - Investment Analysis and Growth
Opportunities" to their offering.
The Impact of a Global Economy on Supply Chain Management
A key trend affecting the World Supply Chain Management
industry is the transition from local economies to a large-scale
global one. For enterprises, the effective management of supply
chains across the globe becomes very critical, especially as the
complexity of supply chains increases. Supply chain visibility is
gaining ground nowadays and, as a result, the supply chain
coordination segment is expected to witness steady growth in the
near future. Additionally, this segment is expected to bring in
more investments from the venture capital community.
Key Market Trends
The following are the three key trends addressed in this study:
* Highly fragmented market shows signs of consolidation
* ERP players gaining advantage at the cost of pure-play supply
chain management software players as they offer whole product
suites that have wide coverage and minimal integration issues
* Integration and customization are the key aspects the end
customers look for
Benefits of this Service
* Comprehensive industry mapping of public and private
companies
* Growth opportunities for public and private companies
* Comprehensive financial benchmarking
* Fundamental industry data and tracking

6. * Proprietary industry research on select markets
* Valuation and financial metrics
* Global coverage
* Confidential analyst briefings on research findings
* Unlimited analyst access
* Quarterly and ad-hoc research services
* Workshops, seminars and briefings to supplement the value of
the written work
* Ability to provide input on the topics addressed and researched
as part of the service
Market Sectors
Frost & Sullivan expert analysts thoroughly examine the following
sectors in this research:
* Planning
* Execution
* Coordination
What's Included
* World Supply Chain Management market segment revenues
* Industry economics, value chain analysis by segments
* Investment themes
* Growth Monitor for over 50 companies
* Company & Sector Scorecards
* Valuations based on sales, profitability, and financial analysis
* Historical mergers & acquisitions for 5 years
* Private equity & venture capital activity
* Frost & Sullivan Supply Chain Stock Index
Market Overview

7. This Frost & Sullivan research service, entitled World Supply Chain
Management Market, provides an overview of the growth and
investment opportunities in the supply chain space, highlighting
the financial benchmarking analysis. In this research, Frost &
Sullivan's expert analysts thoroughly examine the following
applications: planning, execution, and coordination.
Formoreinformation, visit
http://www.researchandmarkets.com/reports/c51242
U.S. ECONOMY IMPACTS GLOBAL MARKETS; DOLLAR FALLS;
RETAIL SALES DOWN. (PAGE ONE)
Washington Times, the, March, 2008
Byline: Patrice Hill, THE WASHINGTON TIMES
Global markets gyrated wildly yesterday on signs that the U.S.
economy and mortgage markets continue to unravel despite
strenuous efforts to revive them.
The dollar hit new lows, falling below 100 yen for the first time in
12 years, sending oil and gasoline prices to record highs and
driving gold prices above $1,000 an ounce for the first time. Credit
market turmoil resumed amid a massive liquidation of mortgage
assets by the Carlyle Capital Corp. and other hedge funds that
made losing bets on prime mortgages.
Investors in the U.S. and abroad were stunned by news of another
big drop of 0.6 percent in retail sales last month as overstretched
consumers, fearful of recession and weighed down by the...
Read the rest of this article with a Free Trial at High Beam
Research.
PIRACY IS 'KILLING' GHANA MUSIC INDUSTRY: THE
GHANAIAN ECONOMY IS NOT TOTALLY IMMUNE TO THE
EFFECTS OF THE GLOBAL ECONOMIC DOWNTURN ALTHOUGH

8. ITS IMPACT HAS BEEN RELATIVELY LIMITED, REPORTS
STEPHEN GYASI JNR FROM ACCRA
African Business, June, 2009 by Stephen Gyasi, Jr
Once one Of Africa's leading lights, the Ghanaian music industry,
has been heading south for the last few years. It urgently needs
its stakeholders and the new government to put into places the
appropriate structures and policies to arrest a downward spiral. In
spite of the seemingly upbeat, celebratory mood that surrounded
the glitzy 10th Ghana Music Awards in April, the domestic music
market is beset by problemsRampant piracy; poor sales of
genuine recordings and a collapsed copyright payment
administration are the most pressing issues. Many of the
mushrooming private radio stations, such as mobile phone
operators selling ring tones and nightclub discos, have not been
paying their dues for their use of music. This is a surprising turn of
affairs as Ghana used to have an excellent reputation with regard
to its copyright regime, especially compared to many other
African countries. "The Ghana music industry is marking time,"
concedes Diana Hopeson, president of the Ghanaian musicians'
union Musiga. "The legal instrument that will give teeth to the
Copyright Act 690 is still not invoked."
DO WOMEN ENTREPRENEURS IMPACT THE GLOBAL
ECONOMY? BABSON COLLEGE FORUM EXPLORES ANSWERS IN
CURRENT GLOBAL ENTREPRENEURSHIP MONITOR RESEARCH;
MARCH 7.
Ascribe Business & Economics News Service, February, 2006
Byline: Babson College
WELLESLEY, Mass., Feb. 28 (Ascribe Newswire) -- How do
women entrepreneurs measure up to their male counterparts in
terms of impact on the global economy?
Are certain countries friendlier to women in business? What
motivates women and what exactly is their confidence quotient in
starting and growing a new venture?

9. Find out on March 7 at a special forum that will look closely at the
role of women in global entrepreneurship, including the release of
findings of the Global Entrepreneurship Monitor (GEM) 2005
Report on Women and Entrepreneurship. The GEM report is the
largest annual measure of entrepreneurial activity worldwide,
compiled by more than 150 scholars from 35 countries.
THE GLOBAL ECONOMIC CRISIS AND IMPACT ON THE
AUSTRALIAN UTILITIES CONSUMER.
M2 Press wire, September, 2009
M2 PRESSWIRE-17 September 2009-Research and Markets: The
Global Economic Crisis and Impact on the Australian Utilities
Consumer(C)1994-2009 M2 COMMUNICATIONS
RDATE:17092009
Dublin-ResearchandMarkets
(http://www.researchandmarkets.com/research/a4088c/the_glob
al_economi) has announced the addition of the "The Global
Economic Crisis and Impact on the Australian Utilities Consumer"
report to their offering. This brief examines consumer’s reactions
to the recession, in particular how Australians are re-evaluating
their spending patterns and becoming more value-conscious. In
the utility market, we examine the extent to which consumers
have struggled to pay their utility bills, have looked to reduce
energy spend, or considered switching... Read the rest of this
article with a Free Trial at High Beam Research.
“It has been saId that arguIng agaInst globalIzatIon Is lIke arguIng
agaInst the laws of gravIty”.
“KOFI ANNAN”

10. “GROUP ASSIGNMENT”
RESEARCH
TOOLS AND
TECHNIQUES
Madam Sabeen Khan
27th OCT, 09

11.  Hasan Asghar Sipra 037
 Maaz Javed Sheikh 052
 Kashif Rashid 048
 Qazi Yasir Irshad 055
 Jazib Sarwar 046