Template-Type: ReDIF-Article 1.0 Author-Name: Menbere Workie Tiruneh Title: Some Aspects of the Transformation of the World Economy and the Risks To Its Future Dynamics Abstract: The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the globalization process, mainly thanks to the expansion of information and communication technologies and the greater degree of the liberalization of the world economy. On the other hand, there is an increasing scale of contagion effects, where a crisis in one country or region is transmitted to the rest of the world quickly. The transformation of the world economy is also reflected in the growing influence of emerging economies both in terms of their global trade shares and their contributions to global economic growth. Despite a favorable growth dynamics over the past years, the current situation and the short-term outlook of the world economy are indeed gloomy. The multiple crises, which include oil, food and external imbalances, have led most of the advanced economies to converge to a recession. The current global slowdown is also accompanied by policy dilemmas as governments in the vast majority of countries have been scrambling to come up with the right economic incentive schemes to avert a protracted recession. Nonetheless, unlike previous crises, where countries used to choose policies unilaterally (including protectionist policies), now the world seems to favor coordination as opposed to protectionism, as the latter would mean the termination of the globalization process. Keywords: globalization, world economy, transformation, policy dilemmas, crises, information and communications technologies Classification-JEL: E32, E58, F01 Pages: 3-26 Volume: 2009 Issue: 6 Year: 2009 File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=285.pdf File-URL: http://www.vse.cz/aop/285 File-Format: text/html Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:285:p:3-26 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/285 Template-Type: ReDIF-Article 1.0 Author-Name: Martin Dlouhý Author-Name: Josef Jablonský Title: Application of Simulation in Analysing Business Processes Abstract: Business processes take place in an environment of complex systems that consist of many interrelated elements with stochastic and dynamic characteristics. Simulation and management methods were developed to cope with such complexity. Simulation and management methods are interdependent disciplines that were developed relatively separately, but we argue that simulation can serve as a tool for implementation of specific management methods, and at the same time, simulation and operational research represent the methodological foundation for many modern management methods. Keywords: management, Six Sigma, Business Process Modelling, Simulation Classification-JEL: C02, M00 Pages: 27-36 Volume: 2009 Issue: 6 Year: 2009 File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=286.pdf File-URL: http://www.vse.cz/aop/286 File-Format: text/html Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:286:p:27-36 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/286 Template-Type: ReDIF-Article 1.0 Author-Name: Jan Slavík Title: Environmental Regulation and Its Impacts on the Secondary Raw Materials Market Abstract: Business processes take place in an environment of complex systems that consist of many interrelated elements with stochastic and dynamic characteristics. Simulation and management methods were developed to cope with such complexity. Simulation and management methods are interdependent disciplines that were developed relatively separately, but we argue that simulation can serve as a tool for implementation of specific management methods, and at the same time, simulation and operational research represent the methodological foundation for many modern management methods. Keywords: crisis of the secondary raw materials market, back-stop technology, financial crisis, recycling, resources depletion Classification-JEL: Q3, Q5 Pages: 37-51 Volume: 2009 Issue: 6 Year: 2009 File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=287.pdf File-URL: http://www.vse.cz/aop/287 File-Format: text/html Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:287:p:37-51 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/287 Template-Type: ReDIF-Article 1.0 Author-Name: Jitka Odehnalová Title: The Nature of Chinese Business Negotiation Behaviour: A Battlefield or a Gentlemen's Club? Abstract: Since the People's Republic of China (hereinafter referred to as China) opened its market to the rest of the world, an enormous necessity to negotiate with Chinese business partners has arisen. Businessmen from all over the world face Chinese counterparts more and more often, business relations are becoming deeper and negotiating skills play one of the key roles in the successful process of entering the Chinese market. Good interpersonal relations with Chinese business partners seem to be of great importance for creating and maintaining long-term business relations. What is the philosophy of the Chinese way of negotiation? What is the philosophical base of Chinese business behaviour? How to understand Chinese negotiation strategies? What are the specifics of the Chinese business culture? What are the critical points every negotiator should be aware of to be able to create and maintain successful business relationship with Chinese partners? This article points out fundamental cultural determinants which influence the Chinese business behaviour while focusing on individual negotiation philosophies. Keywords: business negotiation, Chinese Stratagems, Buddhism, Cocianism, Cross-Cultural Business Negotiation, Taoism, National Culture Classification-JEL: F23, F230 Pages: 52-62 Volume: 2009 Issue: 6 Year: 2009 File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=288.pdf File-URL: http://www.vse.cz/aop/288 File-Format: text/html Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:288:p:52-62 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/288 Template-Type: ReDIF-Article 1.0 Author-Name: Ibrahim L. Awad Title: Did Egypt Satisfy Prerequisites for an it Regime? Abstract: The purpose of this study is to answer the question "Is Egypt ready to apply an IT regime?' The study presumed that a country is ready to apply an IT regime once the prerequisites for an IT regime are met. Comparing the current position of Egypt with some emerging market economies, the conclusions of the study are as follows: (i) the CBE is not factually independent. Although the CBE has been granted legal instrument independence, the existence of government representatives as voting members on the MPC and the coercion of the CBE to extend finance to the government are two elements sufficient to undermine the de facto independence of the CBE; (ii) inflation targets are expected to be missed under the possibility that the behavior of the CBE will be similar to the behavior of the majority of emerging market economies, i.e., adopting an IT regime whereas implicitly targeting FX rates; and (iii) the current level of knowledge about some central issues of designing an IT regime and the quality of the available data are not satisfactory to support the adoption of an IT regime. The study concludes that Egypt is still not ready to apply an IT regime. Keywords: Inflation targeting in Egypt, Inflation targeting regime, Prerequisites for an inflation targeting regime Classification-JEL: E500, E580, E600 Pages: 63-80 Volume: 2009 Issue: 6 Year: 2009 File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=289.pdf File-URL: http://www.vse.cz/aop/289 File-Format: text/html Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:289:p:63-80 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/289 Template-Type: ReDIF-Article 1.0 Author-Name: Věra Höppnerová Title: Metaphors in Business German Abstract: Metaphors play an important role not only in the literature or in colloquial speech, but also in language for specific purposes, business language in this case. They have a terminology-creating and stylistic function, especially in business newspapers. On the other hand, they have a pragmatic function in political rhetoric: they should disguise the facts and influence the recipients of information. There are favoured areas in business language, from which the majority of metaphors come, and favoured imagery. The issue of how much German and Czech metaphors in the business language differ from each other is being investigated. Keywords: metaphors, business language, favoured imagery, their functions Classification-JEL: Z19 Pages: 81-86 Volume: 2009 Issue: 6 Year: 2009 File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=290.pdf File-URL: http://www.vse.cz/aop/290 File-Format: text/html Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:290:p:81-86 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlaop/references/290