HK versus Singapore as International Financial Centres: its strengths and weaknesses An International Financial Centre (IFC) is a collection of markets that trade financial services or products and help to allocate resources or property rights efficiently. It is not an easy task to become a successful IFC. HK and Singapore have always tried to reach the position of the second biggest financial centre in Asia; they have been rivals of each other for over 30 years. HK has always been in the top 4 ranking in Asia; however its relative position had a little change after the Asian Financial Crisis ...

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... and analyzing information are being shipped offshore because wages are so low. If you compare the U.S. and India; for software engineers, it is $60hr. vs. $6hr.; for call center workers, $10hr. vs. $1.50hr.; insurance claim workers, $1,500mo. Vs. $300mo. The easiest jobs to send overseas involve record keeping positions such as: insurance claims, personnel, and billing records (Samuelson, 2004 pg. A19). ... of technology. Think of these as the Wharton's, Harvard's, and MIT's of India" (Samuelson, 2004, pg. A19). Even though the workers are from India, they are still well educated and tra...

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... or even the printer of the company's financial statement. Anyone who has knowledge before public dissemination of that information stands to benefit from good news or bad news, which can often make stock-trading profits by using the information to guide decisions relating to the purchase or sale ... to reduce insiders' demands for fixed wages at little or no cost to outside shareholders. Additional reasons for permitting insiders to trade exist as well. Not all firms will find these benefits compelling. Rather, given immense variety of firms and the diversity of tastes and preferences am...

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... in most industries. Many consumers may find the idea of being charged a different price than another consumer, unsettling, however such discriminations may benefit both the consumer and producer of a good or service. When studying economic situations, models are used which make basic assumptions such as perfect competition (price-taking firms), transitivity of goods, and full employment, however real markets are ... of reservation prices. This practice is often used by professionals, such as doctors, lawyers, and accountants that know their client particularly well" (Pindyck, 373). Price ...

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... influence them (Thompson, 1998). If we apply this to Hewlett Packard then we will see a very interesting company that has some strengths as well as weaknesses. 1.1 The company Hewlett Packard is one of the best known companies for printers and computers and other imaging products. It position is ... not only financially strong, but is also seen as a good employer, being voted for as one of the "100 Best Companies in America for Working Mothers" by the working mothers magazine (Hewlett-Packard, 2002 ... days, says Gartner Dataquest analyst Peter Grant, consumers like multifunction devic...

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