Retailing Innovations in a Globalizing Retail Market Environment

In recent years, the combination of economic growth and population growth in emerging markets and less developed markets has accelerated the progression of globalization of retailing and globalization by retailers. The challenges faced by global and globalizing retailers (retailers who currently have or intend to establish a market presence in mature markets, emerging markets and less developed markets) can be more daunting compared to those faced by firms in other industries such as automobiles, steel, and computers. Retailing innovations that are responsive to the characteristics of distinctive national markets and broader aggregations of markets such as mature, emerging and less developed markets are critical to the success of global and globalizing retailers. Against this backdrop, this paper focuses on retailing innovations in the context of a globalizing retailing environment. It attempts to shed insights into the characteristics of retailing innovations conducive to superior performance in distinctive national markets and across broader aggregations of markets. Towards this end, we first examine the environmental conditions of markets in different development stages, namely mature, emerging and less developed markets, and explore consumer based, industry based, and legal/regulatory based challenges faced by globalizing retailers in these markets. Second, we show how these challenges can be transformed into opportunities with retailing innovations. We conclude with a roadmap for future research and present propositions on future development with respect to retailing innovations in these markets.     

FTPL-Perspective on Tradable Deficit Permits in the EMU

The Growth and Stability Pact restricts member states in their fiscal policy but also causes inflexibility in the pursuit of wide-ranging economic and social reforms. Tradable deficit permits allow more flexibility for individual member states and provide a stick for those who exceed the deficit limit but also a carrot to those who stay below it. But does the trade in deficit permits affect the monetary objectives of the European Central Bank (ECB)? We argue that from a perspective of fiscal theory of the price level, trade in deficit permits can lead to higher inflation depending on the growth rate and the debt/GDP ratio of the member states.     

Hal Hill Steps Down—and up. Head of the Indonesia Project,ANU, 1986–98 Editor of BIES, 1990–98

Hal Hill is known as an eminent authority on the Indonesian economy. He is an astonishingly productive scholar. He continues as an imaginative and highly successful head of the ANU's Indonesia Project and Editor of its journal. He is constantly sought after abroad as Visiting Professor, participant in conferences and contributor to research projects (June 1997).     

Some current topics of labour migration in Europe

The imposition of immigration bans ended an era of large-scale labour migration in Western Europe. Migration policy will have to centre on the consolidation and integration of the foreign population.     

Aspects of labour planning

According to the latest census of April 1, 1971, India had a total population of about 547 million, of which 184 million were the potential labour force (i.e., all employed persons and all the unemployed, taken together). As the population growth is still accelerating, it is foreseen that the country’s population will reach about 695 million by 1981 which means that new jobs should be found every year for six million potential workers.     

Betreuungsrecht: Hier hakt’s

Zusammenfassung  Vollmacht oder Rechtliche Betreuung — Wenn Menschen aufgrund einer psychischen Krankheit oder einer k?rperlichen, geistigen oder seelischen Behinderung nicht mehr in der Lage sind, ihre pers?nlichen Angelegenheiten zu regeln, ben?tigen sie eine Person, die diese Aufgaben für sie übernimmt. Existiert keine Vorsorgevollmacht, bestellt das Vormundschaftsgericht auf Antrag oder von Amts wegen einen Rechtlichen Betreuer.     

Russia’s foreign trade and the economic reforms

The Russian Federation now faces a totally new beginning as regards the shaping of its foreign trade relations. The demands made upon its external economic policy by the changes in the political and economic systems on the one hand and the collapse of the formerly unified economic zone of the Soviet Union on the other are so great that, in many respects, consistent answers have yet to be found. To what extent has the Russian government so far succeeded in developing a new foreign trade regime?