Suchergebnisse

The nine months of negotiations agreed last summer by the US mediators and the two parties ended on 29 April 2014. US Secretary of State John Kerry has since announced a pause in US facilitation activities. Yet, a definitive breakdown or failure of the Middle East peace talks bears far-reaching risks. Even if the mediators were to succeed in effecting a restart of talks, there is scant hope of bridging the rifts within the year envisaged – at least if the previous approach were to be maintained. That will lead to a further consolidation of the one-state reality that has long since emerged between the Mediterranean and River Jordan. Germany and its partners in the European Union must face up to the alternatives: either a much more robust approach to propel the talks to a two-state solution, or insistence on equal political, economic and cultural rights for all in the territories controlled by Israel. (author's abstract)

"For decades the Middle East has been one of the most unstable and unsafe regions in the world. Trying to resolve the regional conflicts is a prime goal on the agenda of many governments and international institutions. Nevertheless, most of the peace initiatives proposed by outside actors so far have failed, as their proposed solutions to the conflicts often did not really take into account the political realities in the region, but instead were more oriented towards the interests of the external actors. This instance is particularly apparent in the case of the current US administration. After having already failed at attempting to reorganize the political landscape of the Middle East through power politics, the administration of President George W. Bush turned to diplomacy in order to achieve its goals in the region. However, when that change of attitude gradually evolved the credibility of his administration was already weakened to such an extent that none of the regional players appeared to accept them as a serious partner in the handling and, ultimately, resolving of the various conflicts. What is more, its rhetoric notwithstanding, the US also failed to offer a promising solution to the conflicts. At the same time, neither the so-called Middle-East Quartet (consisting of the US, the European Union, Russia, and the United Nations), nor the Europeans themselves have been able to step in and fill the growing diplomatic vacuum. Instead regional actors have taken on the task of settling the regional disputes. Saudi Arabia, Turkey, and Qatar, to only name a few. Their approach: refraining from proposing ready-made solutions, and instead focusing on the negotiation process, including the stake-holders and taking into account their specific interests, dealing with a single issue at a time, and not putting pressure on anyone by officially proclaiming a great breakthrough before anything has been officially agreed upon. What are the prospects of these regional initiatives? Has US engagement in the region become obsolete? And what implications does this have for the European Union? What should its role be? These questions shall be addressed in this paper." (author's abstract)

The rapid globalization of capital markets has increased attention toward examining the quality of the disclosure practices implemented by companies, as internationalization and globalization are the most important motives of the harmonization of financial statements preparation and presentation. Given the expansion of trade and the openness to foreign capital markets, investment decisions became not limited only for local users, but also international users may need to access the financial information. The issuance of International Financial Reporting Standards (IFRS) to be used throughout the world aims to improve the comparability and understandability of financial statements, and hence, to enhance investment decisions through helping investors across the borders to invest in multinational companies. Although fluid and under-developed institutional arrangements remain central features of emerging markets, ensuring effective corporate governance mechanisms would indeed support companies in complying with IFRS- the latter imposes a challenge for companies operating in emerging markets. This book evaluates the differences in the level of compliance with IFRS across the GCC states, exploring the impact of corporate governance on the level of compliance with IFRS and presenting an empirical analysis of companies across the GCC. It makes an important contribution by providing a detailed empirical analysis of the interplay between corporate governance and IFRS in emerging market setting and highlights the way for future research. It will provide international business, management, and accounting and finance students and senior practitioners with a completely new and updated guide to the work in the field of corporate governance and IFRS compliance in emerging markets.