Volume: 01, No: 1, January 2008

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    Book Review: Bagchi, Amiya Kumar. The Political Economy of Underdevelopment (London: The Cambridge University Press, Cambridge, 1982, pp. viii+280, Index. Hardcover£20, Paperback £7.50)
    (School of Business, Independent University,Bangladesh, 2008-01-01) Jahangir, Nadim; Parvez, Noorjahan
    Since Professor Amiya Kumar Bagchi’s above mentioned book has been wonderfully written, We could, not help checking our desire to review it once again although several expert scholars (such as Tussie, 1983; Bvres, 1984: Herring, 1985 and Jain. 1999) of different countries had earlier reviewed it. Another ground of reviewing Ihis book after so many years of its publication in 1982 is that even today.-’^e-Tnain theme of Professor Bagchi’s work very much exists in [he econotliih infrastructures of the Bangladesh economy. A lot of wealth is now in the hands of a tiny minority while ah overwhelming majority of our population is suffering from exploitation, deprivation and poverty. Marginal farmers and wage earners are very many. Furthermore, we have heeh observing carefully that the disparity between the rich and the poor in Bangladesh has significantly escalated within the last decade. The upper classes have been conspicuously building their wealth, while most of the poor are not even able to feed themselves because of continuing price hike of essentials, to our profound regret. Hence, this review of Bagchi’s book even after several reviews by several scholars in the past. Dr. Amiya Kumar Bagchi, a renowned Indian Professor, is an eminent economist of the modern Cambridge tradition. Professor Bagchi’s book which anchored its economic analysis based on the admission that society was divided into three classes: landlords, capitalists and wage earners is part of a growing current attempting to revive the traditions of political economy of underdevelopment along Marxist-Leninist axis.
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    Impact of Communication Effectiveness, Service Quality, and Trust on Relationship Commitment of Prepaid and Post-paid Mobile Subscribers of a Private Telecommunication Company in Bangladesh
    (School of Business, Independent University,Bangladesh, 2008-01-01) Akbar, Mohammad Muzahid
    A conceptual model or framework has been employed la investigate the impact of few explanatory variables like communication effectiveness, service quality (which has two comprising dimensions called technical quality and functional quality!, and trust on relationship commitment in the context of two groups of subscribers of a major private telecommunication company of Bangladesh. Structural equation modeling was used to test the model on five sets of data collected from 629 pre-paid and 538 post-paid subscribers to know how subscribers’ relationship commitment vary in two groups. According to the results, most of the hypothesized relationships are supported and the model is found to have perfect fit to the data collected from post-paid subscribers, Communication effectiveness is found to be the most powerful antecedent of relationship Commitment in both groups. A clear understanding of the antecedents of relationship commitment might encourage the service providerfsi to take necessary measures to foster subscribers’ relationship) commitment,
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    Money in Market Clearing
    (School of Business, Independent University,Bangladesh, 2008-01-01) Gani, Mohammad
    Market clearing is the central issue in macroeconomics, Tm centuries of debate on Say's law indicates that the issue is not yet settled. This essay proposes that double coincidence is a necessary condition for market clearing, in addition to the^qualih’ of demand and supply at equilibrium prices. However, -the literature doesi Uot recognize, necessity' of double coincidence. jevans (1875j gave shape to the conventional wisdom on double coincidence. The idea is that it is peculiar to barter, and that money overcomes this inconvenience. This is a fallacy. It prevents the development of a theory of money cis a necessary medium of indirect exchange. It hides the rule of money in market clearing. By recognizing double coincidence as a necessary condition for any trade, and the role tiff- money in market clearing, economics am became a much stronger and practically mere useful science. Monetary reform can correct the perverse circulation of money and prevent involuntary unemployment, undue instability, and.excess debt.
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    Towards a Model of Strategy Implementation for Organizations in Developing Economies
    (School of Business, Independent University,Bangladesh, 2008-01-01) Kazmi, Azhar
    The essence of strategic success lies in effectiveness of strategy implementation rather than the sophistication of strategy formulation. This paper reviews existing models or frameworks of strategy implementation, comments on the impediments to strategy implementation, and derives the themes of strategy implementation. Suggestions to remove the impediments to strategy implementation are: adopting a dear model of strategy implementation, effective management of change in complex situations, and setting down clear measures of effectiveness. These three suggestions are utilized to build up the three themes of strategy implementation: activating strategies, managing change, and achieving effectiveness to construct a model of strategy implementation. The proposed model has sets of activities such as project and procedural implementation that could find more academic and practical relevance to strategic management in developing economies.
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    Determinants of Corporate Pricing Strategies: A Case from Suriname
    (2008-01-01) Baptist, Dynaida F.; Inanga, Eno L.
    This paper examines the possible use of pricing strategy as to achieve competitive advantage in a liberalized corporate environment. The relevant influencing factors focus on industrial products, approached from different perspectives. From a conceptual framework, the paper uses Case study methodology to develop a link between determinants of pricing strategies and the characteristics of engineer-to-order (ETOj manufacturing companies. A preferred pricing strategy for engineer-to-order manufacturers should be a combined approach based on different variables and finalized with a process of value negotiations to meet customer satisfaction in a given scenario.
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    The Future of Financial Reporting: Meeting the Changing Demands for Accounting Information
    (School of Business, Independent University,Bangladesh, 2008-01-01) Sundem, Gary L.
    This paper discusses the effects on the accounting profession of recent and future changes in the demands for information. It also discusses potential benefits and costs for accountants as they adapt their services to provide extra value in this changing world. A Case is made for the continuing need for verifiable information to confirm information from non-accounting sources, and the paper presents support for continuous access to accounting information (as opposed to periodic reports) and an expanding scope of available information. Companies world-wide have entered an information age. Global companies are increasingly competing on the basis of the quality of their information. Therefore, demands for information, including accounting information, has increased and will continue to grow. The main issue facing accountants is how this huge demand for all types of information will affect what we have traditionally considered as accounting information. Will accounting information continue to be the mainstay for assessing the financial performance and position of companies? Or will it be supplanted, at least partly, by information from other sources? Let’s consider two possible scenarios for the future of accounting: 1) The good news scenario - demand for accounting information soars as financial information becomes a more and more important tool for decision makers in this information age. As technology allows accounting information to be increasingly timely, flexible, and complete, accounting information takes its place as the dominant competitive tool of the twenty-first century. 2) The had news scenario - accounting information becomes increasingly obsolete. The information age is already creating many information specialists, and they may compete with accountants. If accountants do not adapt their production of information to meet marketplace demands, and if they do not take advantage of the opportunities created by technology, accounting information may decline in value, and accountants may receive a reduced financial reward for their efforts.
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    Private Colleges – Boon, Curse or Both? The Work of the British Accreditation Council
    (School of Business, Independent University,Bangladesh, 2016-01-01) Vinten, Gerald
    Private Colleges are a sector of the economy unknown to many, except maybe some members of the committee of validating Universities who have entered into collaborations, and so the colleges offer their qualifications. .......