Struggling against apartheid: The use of economic sanctions on South Africa

Conclusion It is clear that the United States is in a dominant position in relation to South Africa’s economy, which has an economic climate working against its decision to be isolated from world opinion. The apartheid policies have produced an economy that is severely distorted by its having a restricted market for its industrial products, a critical shortage of skilled labor, a high level of structural unemployment, a high and increasing military budget, and by its support of an economically unviable Bantustan system. These distortions, combined with record balance of payments deficits and a net disinvestment of foreign funds, have resulted in currency outflows that were covered by the United States providing decisive support for a $1.1 billion loan from the IMF. Contrary to the impression that has been promoted by the South African government, S.A. mineral exports are not crucial to the United States. However, South Africa does depend upon the United States for its export market of these minerals, which are essential for providing the necessary funds for governmental expenditures and foreign exchange that are needed in order to support its high import content industries. The large percentage that exports have in S.A.’s gross national product increases this vulnerability. Thus, if we look at the evidence, it is clear that the United States has viable sanctions that it can implement against South Africa’s inhuman political and social policies. Although the United States has these leverages it refuses to utilize them, even though it would be in its interest to do so. It is vital that those persons who are genuinely concerned about human rights and the apartheid system apply whatever pressure is necessary to force the U.S. government to immediately utilize these leverages in the form of sanctions that would force the S.A. government to change its policies. The black community must take the responsibility for leading this effort.     

Student ratings of teaching effectiveness: What the research reveals

Over the years, evaluation of teaching effectiveness has been a significant issue facing faculty and administrators of accounting programs. This paper examines prior research on the validity and reliability of the most commonly used evaluation method, student ratings. The reviews purpose is to provide accounting educators with an understanding of the major research findings as well as their implications. The extent to which these findings can be generalized to an accounting program setting is a question that should be addressed by future research studies.     

Pay reference arbitration and the disclosure of information

This, the first of two articles, brings together two aspects of industrial relations: the practice of arbitration and the disclosure of information in the specific context of financial information disclosed at general pay claim references, making use of two case studies in which a relatively high degree of information was made available.     

Profit oriented and decision time market segmentation

The authors report a refinement of their Survey Implemented Market Segmentation (SIMS) algorithm that adds decisiontime implementation by retailers. The analysis incorporates more completely the complexity of practical market segmentation policy alternatives. Two retailing executives aided in classifying variables that characterize potential market segments in terms of their temporal implementability. The result is an ability to formulate a segmentation policy applicable to long-range, medium-range, or short-range planning horizons.     

THE APPLICATION OF SIMULATION TECHNIQUES TO THE STUDY OF GRAZING SYSTEMS

Decision making studies in agriculture are often made difficult by the complex and dynamic nature of bio-economic systems. Simulation is one of the newer systems research techniques which as yet has had limited use in farm management research. This paper discusses some methodological aspects of simulation with specific reference to grazing systems. Problems arising in the development and use of simulation models are discussed and the need for inter-disciplinary co-operation to overcome data problems is indicated. One approach to experimentation is illustrated by reference to a model of a sheep grazing system and the problem of cropping for winter grazing. It is concluded that simulation is a potentially useful technique for management-oriented systems research in agriculture.     

Accelerated Product Introductions and Emerging Managerial Accounting Perspectives: Implications for Marketing Managers in the Technology Sector

Rapid changes in manufacturing and design technologies coupled with increased competition domestically and internationally have led to shorter product life cycles and compressed lead times for product introductions in the technology sector. Traditional cost accounting systems, which assume labor to be the major cost component in the production process, have resulted in distortions in cost information. Samuel Rabino and Arnold Wright describe emerging cost accounting approaches that more adequately address the changing competitive and technological environments and facilitate an improved evaluation of product launch programs.     

The impact of competition on the operations of foreign banks in Australia in the post-deregulation period

In 1985, Australia removed its long-standing embargo on the entry of foreign banks. The Australian market therefore provides an opportunity to study the factors influencing multinational bank expansion in a new host country. This paper tests a model of the size of multinational banking operations in Australia in the post-embargo period. One major finding is that a push for market share in a highly competitive environment led to risky lending practices in the global boom-bust economic climate of the late 1980s, which adversely affected the foreign banks’ performance. Another is that competition from home country banks had a significantly negative effect on foreign banks’ asset volumes.