Investment

International and Cross‐Cultural Management (MMGT 6005)  13/05/10  8  It is also very important to insist on the economic and political stability of the country: the country has opted for an open economy with “encouragement of the free enterprise and inward investments”4: The free-trade agreements that Morocco signed in the past decades with the EU5 and the USA are a good evidence of this evolution. Furthermore, the tax-based incentives are making it even more attractive for foreign companies to invest in Morocco

conflicts of interest policies, rules of conduct to ensure ongoing fair treatment of investors, best execution, complaints procedures, data protection procedures, compliance function, etc. This update may prove to be relatively straightforward where the investment manager is MiFID compliant as the UCITS IV Directive seeks to align the provisions with the MiFID requirements. • revise or adopt a risk management process. • issue KIDs in place of the Simplified Prospectus for all new funds from 1 July 2011

sous-périodes. Les durées de ces dernières peuvent être variables. La mesure effectuée fournit un taux de croissance en neutralisant les apports et retraits par le recours à une progression géométrique (principe conforme aux normes GIPS – Global Investment Performances Standards). Formule théorique : (1+ TWR) = ( 1 + R1) * ( 1 + R2) *   ….  * (1+ Rn) è       TWR =  ( 1 + R1) * ( 1 + R2) *   ….  * (1+ Rn)    -   1 où   Rt = (Valeur t – Valeur t-1 – Fluxt) / Valeur t-1 Fluxt = apport ou retrait

Annexe 3 : Sites Internet 77 Sites internationaux 77 Sites chinois 77 Annexe 4 : Catalog for the Guidance of Foreign Investment Industries 78 Catalogue of Encouraged Foreign Investment Industries 78 Catalogue of Restricted Foreign Investment Industries 85 Catalogue of Prohibited Foreign Investment Industries 87 Catalogue for the Guidance of Foreign Investment Industries (Attachment) 89 Introduction Ce rapport a été réalisé dans le cadre de la troisième année de formation

an entity in a foreign country, paying all the costs incurred. To establish a wholly owned foreign subsidiary, an enterprise may acquire an existing company in the foreign country or build one from scratch. Inditex group followed the green field investment formula with Zara, as it entered into developing countries to build new factories and stores. This strategy presents some a dvantages for example Inditex preserves absolute control and supremacy over the operation, they also gain in flexibility

and which has upset the distances, making it possible for companies to position themselves on a planetary scale. Thus, the main dimensions of the globalization phenomenon are the growth of international trades and the boom of the Foreign Direct Investment (FDI). So the globalization is a shift caused by the Liberal revival and triumph of the Market economy: Now, the liberalism takes the top on the public interventionism, all areas are subject to the market law and shareholders will see their power

competitive of Europe. • The growth of its sales supported by an international greater development. The group hopes by this offensive to sell more than 400 000 additional vehicles in 2010. • A profitable growth to be self-financed its investment and thus keep its independence. 2. Marketing Analysis a) Market Trend France knew in 2009 its best year of sales of cars since 2001 with more than 2,25 million vehicles[6], thanks to the bonus in the breakage established by the government

are located in Lebanon, but they do not Parish. The following table gives an idea of multi-faith character of the Lebanese. Page 6 Immediately after the end of the civil war, great efforts were made to rebuild the country through massive investment of government. Thus, through these efforts, the HDI of Lebanon has increased from 0.677 in 1990 to 0.803 in 2008. In addition, in early 2006, the country has reached a relatively high level of stability and reconstruction of Beirut has entered its

States, where the government offers a tax cut to households who invest in solar and wind power. Finally, the government can also be seen as the biggest customers of companies operating in energy infrastructure because it is they who make the biggest investment. So GE has developed numerous partnerships with many countries and in theirs words "'Company' to Country 'Strategy Leads to Growth opportunities" (General Electric, 2009). The economic environment The economic environment is closely linked to

emerging economies. A number of developing countries have become centres of strong growth, raising their shares of global income significantly, which has made them major players in regional and global affairs. Furthermore, flows of trade, aid and investment between emerging and developing countries have all intensified. The Global Development Outlook 2010 presents the evidence which documents these changes, what we call ‘Shifting Wealth’. As the world emerges from the crisis, the report clarifies this