Industrial Management And Consultation Project †MyAssignmenthelp.com

Question: Discuss about the Industrial Management And Consultation Project. Answer: This report deals with organization that plays an important role in the integration of the diversity as well as managing consultation to the other organizations. To help understand the functions and the project activities of these organizations, an organization has been cited to help in the better understanding. The organization taken for the assignment is Gulf Integration. The secondary sources describe, discuss, analyze, evaluate, summarize and interpret the process of primary sources. The well-known secondary source materials are newspaper articles, journals, magazines and reviews that discuss or evaluate original research of someone else. Bibliographical works, encyclopaedia, literature review, scholar books and treatises are the less popular secondary research sources. Secondary sources are commonly one or more steps removed from the event or time period and generated after the fact with the benefit of hindsight. The drawback of secondary data research is that it lacks the freshness and immediacy of the original material. Occasionally, secondary sources would gather, decorate and repackage primary source information to enhance the usability and speed of delivery. The Gulf Integration is a real estate and retail sector who have their businesses in Singapore, Saudi Arabia, Kuwait, Oman, Qatar, UAE and Bahrain (Abu?Qarn and Abu?Bader 2008). We have incorporated the data of trade investment of the Gulf Integration of Singapore. Singapores fiscal policy stance in recent years (2013-2017) is mildly expansionary as the budget continues to support the economy. Growth in few sectors such as offshore and marine engineering, and to a certain extent, construction continues to limp along with domestic consumption and investment. It displays weakness that could slow down economic expansion in the forecast period. Some stock indexes such as Composite Stock Price Index, Broad Money Growth, Headline Inflation Rate, Industrial or Manufacturing Production Growth Rate, Merchandise Export Growth and Exchange Rate Index could be interpreted in this secondary research (Buiter 2008). The excel files could be downloaded from company website and the online website is referred as secondary data resource. The Real Sector mainly concentrates on three segments 1) monthly inflation, industrial production and retail sales 2) Quarterly GDP and its components 3) Annual GDP and inflation. The External Sector secondarily considers 1) Daily Exchange Rate 2) Weekly Exchange Rate 3) Monthly Exchange Rate, Reserves and Trade 4) Quarterly External Debt (Balance of Payments) 5) Annual Balance of Payments, Exchange Rate, External Debt and Trade. The secondary data of Monetary and Financial Sector could be apprehended in several sectors such as- 1) Daily Policy Rate, Stock Price 2) Weekly Stock Price 3) Monthly Broad Money, Credit value, Capital Adequacy Ratio, Policy Rate and Stock Price 4) Annual Broad Money, Commercial Bank Assets Equity, Loans, Stock Price. The secondary data of free trade agreements of Gulf Integration is collected from company website and publications. However, Gulf Cooperation Council (GCC) plans to adopt selected macroeconomic and institutional issues and key policy choices that are likely to arise during the method of monetary integration (Sturm and Siegfried 2005). The main findings of Secondary data resources and researches are- A supranational GCC monetary institution is needed to conduct a single monetary and exchange rate policy driven to economic, monetary and financial conditions in the monetary policy as a whole. GCC member states have already achieved a remarkable degree of monetary convergence. However, fiscal convergence remains an issue and required to be supported by a proper fiscal policy framework (Sturm et al. 2008). There is currently a high degree of structural convergence, although this is expected to diminish in view of the method of diversification in GCC economics that calls for adequate policy responses. References Sturm, M. and Siegfried, N., 2005. Regional monetary integration in the member states of the Gulf Cooperation Council. Buiter, W.H., 2008. Economic, political, and institutional prerequisites for monetary union among the members of the Gulf Cooperation Council.Open Economies Review,19(5), pp.579-612. Sturm, M., Strasky, J., Adolf, P. and Peschel, D., 2008. The Gulf Cooperation Council Countries-Economic Structures, Recent Developments and Role in the Global Economy. Abu?Qarn, A.S. and Abu?Bader, S., 2008. On the optimality of a GCC monetary union: structural VAR, common trends, and common cycles evidence.The world economy,31(5), pp.612-630.