Evolution of Online Financial Trading Systems: E-service by Alexander Yap, Wonhi Synn

By Alexander Yap, Wonhi Synn

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We could reduce the national debt (as we have reduced the annual deficit) through economic growth which provides (1) increased government revenue and (2) decreased welfare spending. The price of the dollar would go down. As a result, farmers could sell more goods overseas, and so could all American producers. 5 B. Labor A good example of win-win labor policy relates to the minimum wage. Whenever there is a suggestion of raising the minimum wage, management talks about having to lay off workers whose families will then starve.

The fact that MDBs, even though they are without doubt political institutions, officially advocate the doctrine of political neutrality may explain why Japan has taken such a keen interest in them. The ADB norm of noninterference and nonpoliticization accords well with Japanese principles. Japan–United States cooperation has constituted the major pillar of Japan’s policy toward the ADB since the inaugural period. However, during the Fujioka tenure (1981–89) this relationship was put under significant strain.

32 The American executive director is therefore more circumscribed by his country’s domestic politics than most of the other executive directors. His hands are tied by American domestic Environmental Policy in the African and the Asian Development Banks 11 politics. S. executive director has less to bargain with. The result has often been that without formal veto power and in many cases little bargaining capacity and real political commitment, the United States has opposed loans without affecting either the specific project or the policies of the institution (Mingst 1990; Mule and English 1996).

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