Category: Finance

Cash Management Practices in Small Companies 1998

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In 1998 the world’s economy was undergoing unprecedented changes that would shape the future of capitalist economies. The period of the post-cold war ‘Era of Free Trade’ would be followed by a period of increasing protectionism and globalization. Economists forecasted that the new economic landscape would be characterized by economic liberalization, free-trade and open capital flows, especially in trade in capital and finance. In the small to medium-sized enterprises (SMEs), especially in developing countries, the effects of

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