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Archives Volume-3, Issue-1 (January-June)

Paper Title:: Education in the Era of Globalization and Liberalization: Effects and Implications
Author Name:: Navjot Kaur
Country:: India
Page No.:: 1-11

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Education in the Era of Globalization and Liberalization: Effects and Implications

Author: Navjot Kaur

Globalization and liberalization is the internationalization and integration of world economies with the objective of maximizing benefits for every member country coming under the General Agreement on Trade in Services (GATS). Higher skill based education is one of the services where GATS has operational authority. Globalization and liberalization means integrating economy, education, culture, technology and even governance. India being a signatory to GATS, is obliged to open its higher Education is undergoing constant changes under the effects of globalization. The effects of globalization and liberalization on education bring rapid developments in technology and communications are foreseeing changes within learning systems across the world as ideas, values and knowledge, changing the roles of students and teachers, and producing a shift in society from industrialization towards an information-based society. This paper analyzes the effect of globalization and liberalization on education and also discusses about the impact of globalization and liberalization on higher skill based education, its key challenges, GATS requirements and possible solutions. This research paper will also help for future research analysis on the impact of liberalization and globalization on higher skill based education.
Key Words: Globalization, liberalization, GATS, Key challenges and possible solutions and recommendations.

Paper Title:: The Role of Female Entrepreneurs in Driving Development in Haryana: A Case Study from Karnal
Author Name:: Gagan Deep Kaur
Country:: India
Page No.:: 12-31

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The Role of Female Entrepreneurs in Driving Development in Haryana: A Case Study from Karnal

Author: Gagan Deep Kaur

Women constitute half of the total population throughout the world. The socio-economic development of a country is largely dependent upon the participation of women in the process. However, their contribution is not fully recognized in the monetary calculations of national income as most of the services are invaluable and cannot be attached any price. For example; success of men entrepreneurs is invariably highly associated with the conducive social and psychological atmosphere shaped by female family partners and rationalizing the family resource management. The fourth World Conference on Women held in Beijing (China) in 1995 emphasized that no enduring solution to the society’s most threatening social, economic and political problems could be found without participation by women in the development programmes.
As the number of females seeking work expands and relatively the employment opportunities continue to shrink, they are either forced to work at lower wage rates or remain unemployed. They should be provided with alternative and more productive employment opportunities, as it requires additional family earnings as a source of livelihood and better utilization of unemployed potential human resources. To improve the status of women, they need to be empowered. The women empowerment means to make them self reliant, providing liberties to make choices in life and providing them knowledge and insight to take her own decisions.

Paper Title:: A Study on Consumer Preferences and Behavior in Online Retail
Author Name:: Manoj Bansal, Rajni Singla
Country:: India
Page No.:: 32-41

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A Study on Consumer Preferences and Behavior in Online Retail

Author: Manoj Bansal, Rajni Singla

Now days, there is common saying that on-line retail will eventually kill the traditional retail. Fortunately, such prophecies could not be further away from the truth. While the on-line retailers have recorded an explosive growth and is on track to keep growing very rapidly, the traditional retail has also been quietly nothing up impressive growth numbers. Not only that, spurred by the rapid growth of our economy, the entire retail market is set to grow very rapidly as well and in context, both organised retail and on-line retail together represent a paltry 7.5% of the estimated total retail market in the country.
A closer look at the numbers and a study of projections by many seems to indicate that both these forms, organised retail and the on-line retail together will still constitute just about 11% of the total retail market in the country even in 2017.
Consider the some of the indices as reported by key malls in the country where the growth augers seem quite impressive.

Paper Title:: Understanding Stress Causes and Management Among Salaried Professionals in Punjab, India
Author Name:: Joginder Pal, Gundeep Kaur
Country:: India
Page No.:: 42-56

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Understanding Stress Causes and Management Among Salaried Professionals in Punjab, India

Author: Joginder Pal, Gundeep Kaur

Physical and mental exertions of a human being are necessary for contributing to livelihood of his family. With the advancement, economic race and emerging social problems at various levels have further aggravated to even otherwise increasing stress in life. Level of stress also varies with mental make up, family circumstances, pressures from society, type of profession, working environment etc. Each of these stress-determining parameters is a complex subtotal of variables. Diversity is the law of nature and no two individuals working under similar circumstances have exactly the same set of such variables. Some people are sensitive to small hurdles while others do not and try to evade, escape and even endure such barriers. Those who are less emotional, you will naturally experience less tension, anxiety, and nervousness. Yet, everyone requires relaxation in terms of leisure, sleep, entertainment, amusement etc such that his working efficiency is enhanced.
Stress management also involves managing work loads and communication, taking frequent breaks with quiet environment and avoiding long and late hours work to avoid stress, for extended periods of time. Although it is rather difficult to change habit, but if possible by improving interpersonal relations a big cause of stress goes off and one becomes more acceptable to oneself and others. Meditation has also been realized as having calming influence on the body, which also reduces an important source of stress. Obviously, meditation has high place of priority as remedial measure of stress management.

Paper Title:: Farmer Suicide Trends in Punjab: India’s Breadbasket Region
Author Name:: Mnisha Shoor
Country:: India
Page No.:: 57-69

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Farmer Suicide Trends in Punjab: India’s Breadbasket Region

Author: Mnisha Shoor

Traditionally agrarian, Punjab- the food basket of India exposes the problem of extremes rural insecurity judged through rising number of farmer suicides contradicting the prevalent narrative of one of the fastest- growing national economies in the world. Indian Government chose Punjab as site for Green Revolution in 1960s where its output increased manifold. Three decades later, without any alternative source of employment, the small and marginal farmers still pursued economically unsustainable agrarian practices of green revolution, while accumulating high debts finding solutions in suicide only. The rising suicide cases represent how unfulfilled socio-economic rights can fuel both inward and outward facing violence and insecurity. This article suggests that the government’s lack of attention to the phenomenon seems to be root of social inequalities, structural marginalization and anxiety among farmers. An immediate and multi-staged response plan, combined policy changes by central and state government with guidance of society can only create a rural human security that is equitable, inclusive and lasting.

Paper Title:: The Role of Business Ethics in Achieving Success
Author Name:: Deepali
Country:: India
Page No.:: 70-81

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The Role of Business Ethics in Achieving Success

Author: Deepali

Business Ethics is now the word of the day. It is the application of the principles of ethics in the area of business and commerce. The functional areas of business management are concerned with the practical application of management principles in different fields of day to day business activities, including marketing, advertising, human resource management, accounting, production & operation management, information technology and so on. In all these areas the manager encounters ethical dilemmas and has to confront many type of unethical practices. The general ethical principles that these areas are supposed to apply include justice & fairness in all dealing. An organisation without any ethical culture is like a ship without rudder. Such an organisation cannot be successful in the long run even though it may earn a hunk of money. In recent years, the failure of most of the well established companies did not occur due to lack of salesmanship, goodwill or strategic planning but mostly because of lack of ethical terra firma. Highly educated, successful business savvy corporate professionals at Enron, Tyco, WorldCom and Satyam got themselves into a big mess mainly because of profound lack of ethics. Therefore the success of any organisation largely depends on the ethical code of conduct. This paper describes the scope and importance of business ethics. The paper also highlights, what code of conduct must be followed to excel in the market with special reference to India’s most ethical companies WIPRO and TATA.

Paper Title:: An Analysis of Measuring Economic Growth of Nepal
Author Name:: Manoj Kumar Chaudhary
Country:: India
Page No.:: 82-95

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An Analysis of Measuring Economic Growth of Nepal

Author: Manoj Kumar Chaudhary

The paper has attempted to analyze measuring of economic growth and the dynamics in the contribution of three major sector such as agricultural, industrial and service sector of Nepal. Mainly, the GDP growth rate is deepening on the various sectors but this study analyzed relationship between Gross Domestic Product (GDP) and three main sectors. The Multiple Regression Analysis and Pearson’s Correlation Coefficients statistical tool is used for secondary data available from the Central Bureau of Statistics of Nepal. This study covers time frame for the period of 2001/02 - 2015/16. And the study found that economic growth has positive relation with service sector and agriculture sector. But Industry sector has a negligible contribution to economic growth of Nepal. In this empirical analysis, economic growth parameters; GDP of Nepalese economy is taken in order to oversee into the relationship between sectoral growth rate and economic growth. The major economic contributors have high potentiality of inclusive, broad based and sustainable development of long term economic growth of Nepal. This study suggests all the stakeholders to bust up the national economy empowering the key economic parameters.

Paper Title:: Corporate Social Responsibility In Nepal: Is CSR Doing Good For Business And Society?
Author Name:: Manoj Kumar Chaudhary
Country:: India
Page No.:: 96-111

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Corporate Social Responsibility In Nepal: Is CSR Doing Good For Business And Society?

Author: Manoj Kumar Chaudhary

The main purpose of this study is to identify CSR domains based on Carrolls Model (1997) practiced by Nepalese business. Similarly the study has also explored the CSR mandatory issue in Nepal. So, to test the CSR practice, the data have been collected from structured questionnaire for descriptive analysis. Besides this, experts opinion are also observed to diagnose CSR mandatory issue in a real Nepalese perspective. Therefore, the result of the study appears that government role has not been effective to maintain its policy on CSR. So that, legal and ethical domains of CSR are found to be poor in practice of Nepalese business society. Furthermore, diverse views of experts found on CSR mandatory issues in Nepal. Hence, it can be conclude that, it is not enough to just a making CSR policy mandatory. However, along with policy, CSR has to be accountable and transparent which shows their fund allocation and observed sectors.
Keywords: CSR, issues, mandatory, business, society, experts, Nepal.

National Research Journal of Business Economics

Archives Volume-3, Issue-1 (January-June)

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