Special Economic Zones and Corporate Social Responsibility
Corporate social responsibility (CSR) refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. This article analyses the meaning of CSR based on some theories available in literature. It is argued that three theories namely utilitarian, managerial and relational theories of CSR supported by works of other scholars in the area could be used to suggest that CSR becomes an international concern due to globalized nature of business that knows no border. CSR is evolving in its meaning and practice. The article then discusses the role of CSR in community development because the very logic of CSR is towards seeing its impact in community socially, environmentally and economically. Competencies required by CSR managers are also analyzed in order to have a better understanding of the practical aspects of CSR. Finally, conclusions and implications for future research are discussed.
Published by: Nazeefa Begum Mujeebullah Makandar
Author: Nazeefa Begum Mujeebullah Makandar
Paper ID: V3I1-1164
Paper Status: published
Published: January 30, 2018
A Study on the Success of the Singaporean Society
The purpose of this study is to understand how the Singaporeans live as a community and how they are such a strong, independent, powerful and successful society. Singapore lacks the abundance of natural resources, yet they have built a community so powerful that people constitute the most important asset of the country. We have studied articles and journals by different authors describing what Singapore owes its success to and also read about various people who have stimulated the growth in the last few decades. The major reasons Singapore is at the top today are the education, health, infrastructure, trade and finance facilities available to the people. One important thing we have understood through our research is that the government and the people have worked together considerably well in order to reach the position that Singapore is in today. With stringent rules and regulations along with approved policies, Singapore is also corruption free and there is honesty between the citizens and the authorities. The impressive standard of living is due to the high income of the people, which leads to a proper investment in education and health by them; if people are healthy, they work well which helps boost the economy of the country. It is all a virtuous cycle. We have studied many more factors contributing to the success of the community and how Singapore is where it is today. It has reached this level only in a few more than 50 years, making its success so great.
Published by: Kundapur Mahima Bhat, Ananya Goyal
Author: Kundapur Mahima Bhat
Paper ID: V3I1-1202
Paper Status: published
Published: January 30, 2018
Challenges Faced by Singapore Economy in the Future
The article aims to figure out the challenges Singapore possibly faces in the future to be the super economy in the future. Singapore was one of the poorest countries at the time of their independence, after a forced independence and a country with fewer resources Singapore have managed to become one of the wealthiest countries in the world. Singapore achieved all its fortunes through a long-term vision and strict government control. But the situation and circumstances are not the same in the future as Singapore has already reached its peak of its development. Now Singapore has to concentrate on maintaining their position. Like every other country, Singapore also has to face a lot of challenges to maintain its economy. The technological advancement, changes in labor allocation, the shift in job patterns, and change in the education system are few of the challenges which Singapore possibly face. The world is full of opportunities and the ones who grab it becomes the winner. Now Singapore has all the facilities and tools to seize each and every opportunity available. Singapore is now a prosperous country which is the ninth largest country in terms of GDP Percapita. Singapore focuses on the manufacturing sector, shipping, and business. Now Singapore economy should target to climb up the ladder and maintain their position as a super economy. For improving their country the Singapore economy has to concentrate on the changes happening across the world. Once the changes have been identified the economy has to formulate strategies to grab the opportunities available.
Published by: Sreehari I M, Akanksha Tharman
Author: Sreehari I M
Paper ID: V3I1-1201
Paper Status: published
Published: January 30, 2018
Environmental Stewardship for Sustainable Business – A Review in Global Perspective
Environmental stewardship and compliance is a major step towards sustainable business. The important environmental concerns arise at the procurement of resource/manufacturing and sales, product use and collection and disposal of end-of-life product stages. A global reporting matrix of materials is advocated by UN. The advocacy of utmost importance is a reduction, reuse, and recycling in any corporate company. Critical issues in environmental stewardship are energy, water, and emissions. Carbons footprint -conscious growth is an integral part of a sustainability strategy. Investments in R&D and compensating exploited eco-system are must to retain the sustainability of the business. UNGC Communication on Progress (COP) Mapping has detailed the issues to be monitored and reporting process. The issues on environmental Stewardship were under UNGC Communication on Progress (COP) Mapping viz., Criterion 13 to 16.The COP describes robust commitments, strategies or policies, effective management systems and key outcomes of integration of the environmental principles in the area of Implementation. Companies are associating with World Business Council for Sustainable Development (WBCSD) and the World Resource Institute (WRI) for standard procedures for water-related risks and assessments. At global level efforts for limiting temperature increase to less than 2oC is taken seriously and action programme is being set. The paper describes the issues in relation to reporting to be made under international standards.
Published by: S. Ranganadhan
Author: S. Ranganadhan
Paper ID: V3I1-1196
Paper Status: published
Published: January 30, 2018
Presidential Elections in Singapore in 2017
2017 had been considered a year of great political change in the history of Singapore. Singapore contested elections in 2017 in order to elect their next president. But it didn’t go as planned or prepared because the election was mainly contested and was reserved for minority Malay community, who haven’t held the presidential office since the year of 1970. It was the 5th Presidential election held in Singapore and the Election Department declared Halima Yacob of Independent party as the only eligible president, who then emerged as the winner in a single-horse race. There were three main candidates running for the presidential rights namely Salleh Merican,67, a property company chief executive, Halima Yacob,63, former speaker of parliament and Farid Khan,61, marine services firm Chairman (Yong c., 2017) and the official dates for filing nominations was 13th September 2017 while that for voting was 23rd September 2017. What was a moment for celebration for Halima Yakob after being elected as the first woman president of the country has become a contentious situation throughout the country with various cases of debates going throughout country questioning her rights of claiming the president’s throne, the religious perspective on this matter and the change that took place in the presidential elections. As a result, this study has been undertaken in order to know the political changes and behavior of general public and impact of the presidential elections throughout the country, which to many of them is a political act of inequality. Depriving the Right to vote and announcing the leader without any fair contestation of elections has been amongst the matters of agitation and protest of public. Singapore has been one of the most efficient economies in modern times and the impact of such a change is worth notable on human lives.
Published by: Probir Lahiri, Devik Sorathia
Author: Probir Lahiri
Paper ID: V3I1-1193
Paper Status: published
Published: January 30, 2018
A Study of the Reasons of Decline in Automobile Exports of South Korea
This research aims to find the present issues going on with the automobile industry in South Korea and why there has been a decline in the exports of automobiles from South Korea. This research mainly focuses about the labour crisis in South Korea, lower demand of hatchbacks globally and how South Korea can overcome the issues.
Published by: Yugal Thakkar, Akshit Jain
Author: Yugal Thakkar
Paper ID: V3I1-1192
Paper Status: published
Published: January 30, 2018
Applications of Software’s in Environmental Engineering
Now-a-days technology and science go hand in hand, fertilizing each other by providing explosive synergy. the engineer can choose the appropriate software as per requirement from innumerable variety of software’s of different discipline of civil engineering. Engineer can go through the design process many more times fluently due to more efficient and rigorous results instantly. Moreover Research means not to find or create something new at the door every time, but sometimes research means those things which have not yet been noticed, but they are of equal important. Through this concept, we decided to take this topic. The paper provides an overview of important software’s which are used in the environmental engineering discipline of civil engineering. Due to the software application in engineering field efforts and time for complicated operations and calculations is reduced with efficient results. And there are several environmental software which are existing in market produced by relevant companies which enables user to achieve desired target with principle to improve the natural environment. We contribute the description of these software’s along with their applications in environmental engineering.
Published by: Snehal Salunkhe, Manali Wagh, Sanchiya Sawant, Savita Rathod, P. J Salunke
Author: Snehal Salunkhe
Paper ID: V3I1-1176
Paper Status: published
Published: January 30, 2018
Business Opportunities in South Korea
South Korea is one of the fastest-developing nations in the Pacific Rim region. The country has been successful in accelerating its economic growth post the Korean War, 1953. Since the 1970s, the Government has provided a major boost to industries like Telecom, fuel, and electronics. Today, South Korea ranks in ship-building and steel manufacturing and is the tenth largest trading nation in the world. Its growing impact on the region has fostered opportunities for almost every business sector. Supportive government policies and agreements with various countries provide a very broad scope for every start-up to foster in the country. The country is today regarded as one of the four Asian Dragons through its electronic and technology exports. The innovative spirit combined with the risk-taking nature of consumers makes South Korea an ideal free-market economy for any business. .. South Korea is ranked 5th by World Bank in the ease of doing business index and 2nd by Bloomberg for Best emerging markets 2014. South Korea's major industries have been outlined in the paper along with the business prospects of each industry.
Published by: Saher Mahajan, Imisha Debuka
Author: Saher Mahajan
Paper ID: V3I1-1195
Paper Status: published
Published: January 30, 2018
Effects of Brexit on Singapore
Britain voted to leave the European Union (EU) at The United Kingdom European Union Membership referendum on 23 June 2016. This move stunned the global financial market with the concern that it may hurt the global economy. Some equity markets fell by as much as 7% in value (the Dow Jones industrial average fell by 600 points, or 3.5%), erasing nearly $3 trillion in equity value. The Brexit vote has slowed down the UK economy and has become the worst performing in the G7, having been the best performing prior to the referendum. An extra £25 billion was added to the Autumn Budget to support the economy. The office for Budget Responsibility estimates the economy growing by just 1.5 per cent down from previous estimate of 2 per cent. Business investment were also affected by Brexit, with The Bank of England expecting the level of business investment to be around 25 per cent lower by 2019 relative to pre-referendum estimates. The Brexit referendum has created a havoc in various sectors of the industry spanning across the globe. This paper is aimed at assessing the implications of Brexit on Singapore’s real economy – in terms of trade, investment flows and tourism.
Published by: Priyam Kampani, Shubham Eriksen
Author: Priyam Kampani
Paper ID: V3I1-1194
Paper Status: published
Published: January 30, 2018
South Korea’s Economy After the Korean War
The aim of this article is to explain the repercussions that the Korean War had on the South Korean Economy. Korea’s colonization by Japan and the division of lands led to the Korean War. This paper shows the struggle and the development of the South Korean economy-it shows its recovery and development post war and its current situation and its stand today as one of the largest developed economies in the world.
Published by: Shrey Jain, Amrit Dasgupta
Author: Shrey Jain
Paper ID: V3I1-1191
Paper Status: published
Published: January 29, 2018