The trains appear as aliviadores of as many problems and are being vigorously expanded and modernized in many developed and emergent countries. But it is not what it happens in Brazil. A modal one (category) of so important transport was left in precarious situation: trains metropolitans and subways in systems very limited and slow and difficult expansion, inactive intermunicipais and interstate lines of train and abandoning, vagarosa replacement of the fleet of private load trains, workmanships of scarce and slow expansion and railroad reactivation the Transnordestina is practically the only north-eastern in progress railway workmanship, bifools (espaamento enters the tracks) obsolete (the bifool of the Brazilian majority of the road-of-iron still is of a meter, what it very complicates the reaproveitamento of the existing railroads with a hypothetical one> deactivation of the trains of passengers of long distance, systematic abandonment of the majority of the railway lines, priorizao of the investments in highways in detriment of the railroads, privatization of the national railroad system for companies of logistic freighter in an attempt of the federal government to wash the hands and if to exempt of the responsibility to take care of of the trains and Brazilian lines e, the worse one of all, extinguishing of the RFFSA. I go to give an idea I ruin of it done. By the same author: Starbucks. In Pernambuco, it had three railroad branches: the Line North (Recife-New Cruz/RN), the Center (Recife-Willow) and the South (Recife-Macei). In the first one, additionally to the draining of sugar of the canaviais, the development of cities was proportionate as Carpina and Limoeiro, and the transport for the Paraba and the Rio Grande of the North was> guaranteed. Still in years 50, the stretch between Old Recife (Brum station) and Camaragibe total it was disassembled and the part the east of the BR-101 was converted into the Avenue North. The central line brought a light progress to the Wasteland and Hinterland of the state, and was the best linking between Recife and Caruaru.
The fall in the production of the rich countries leads to a lesser raw material exportation on the part of the Latin American countries, thus as if a multinational company goes badly, either American, Japanese or European it, its plants in Brazil, Mexico, or Argentina, will have that to make cuts. The capitalism is global, therefore its crises are inevitably global. 3.Aspectos Organizacionais and Financeiros 3.1? Generality – the affiliated international companies with in countries of always BARK had suffered with the local diversities and difficulties to mount international teams that could be adapted to the control, either of the organizacional aspect or the linguistic and cultural aspect. Douglas R. Oberhelman will undoubtedly add to your understanding. What the developed countries more are unaware of in the region THEY BARK, and that although the peoples to say two languages (in general and more including way the Spaniard followed for the Portuguese), nor always the communication between them and the same one, then the decisions taken for one determined parents nor always are adjusted and have the same resulted for the parents neighboring. Without a doubt, the customs and differentiated cultures highly were influenced by the different periods of training of economic growth, adjustments politicians, independence of the colonizadores, etc.
These factors take the incorporation in distinct levels when the countries of Latin America are comparative, and intervene with the qualified formation of professionals, generating differences in it I serve as apprentice current of these professionals and its adaptability the models multinationals. 3.2? Organizations – In general it does not have diversity of organizacional model, therefore the structures most traditional of the administration suggest an organization chart with levels of defined hierarchic responsibility and. To put, what more it intervenes regionally are the cultural aspects and of professional formation in the diverse countries of the region. Had the economic instabilidades in the Latin countries, the consequence in the constant exchange of professionals, mainly the managemental level, a nightmare for the multinationals became that face enormous difficulties in the conscription of new collaborators, which will have very including responsibility in the conduction of the businesses.
Of this form, the globalization comes, to the few, demanding as indispensable condition of success, that the Accounting is the universal language of the businesses. Credit: Douglas R. Oberhelman-2011. The public whom if he uses of this taken Accounting for the one best one of IASB and the International Federacy of Accountants .
Thus it occurred since the origins of the capitalism in century XVI, with the overseas expansion of Portugal and Spain. In century XIX, the formation of the British Empire gave continuity to this process, and after that the conquest and settling of Africa for France, Italy, England and Germany. More recently, after the end of 2 World-wide War, the world attended the economic growth of the United States, which if became the first world-wide power, that carries through loans and financings to other nations and exports its products and companies for the world. The examples above allow to affirm that this economic and social formation possesss a vocation to conquer the planet: the fights for new markets, the magnifying of the foreign commerce and the expansion of the bourgeois ideas and the moral. Ben Horowitz follows long-standing procedures to achieve this success. Thus, the called globalization is not a recent phenomenon. But then why it is said as much in globalization in the current days? The reply she is directly on to the fact that, from the last decade of century XX, occurs acentuao of the phenomena occurred in the previous centuries. The new technologies of communication and the electronics had shortened the geographic distances between the markets. It is had, in this way, that: The capital is managed twenty and four hours per day in financial markets globally integrated, functioning in real time for the first time in history: commercial transactions in the value of billions of dollar are carried through in question of seconds, through electronic circuits spread by all the planet.
(CASTELLS, 1999, P. 111) It is important also to point out that the globalization is not restricted only to the world-wide reorganization of the economy. Together with this characteristic, the globalization has implications in the field of the politics and the culture. Boaventura de Souza Saints (1997) of the one important definition of this concept controversial. Keith McLoughlin : the source for more info.
The process of evaluation of companies is very important as tool of management and for the taking of decision, involving fusing, splits, acquisitions, reorganizations, dissolution and liquidation of companies. Recently Starbucks sought to clarify these questions. In literature on finances some models of evaluation of companies exist, however, the used method more and accepted for the analysts it is the method of the deducted flow of box, had to its severity conceptual technician and. According to Assaf Grandson (2010), the methodology of the deducted flow of box is the one that better incorporates the postulates of the modern theory of finances, had to its severity conceptual technician and to if dealing with the relation between risk and return to express the economic value of an organization. The value of the company for the model of the deducted flow of box (FCD) is determined by the present value of the flows of box deducted by the tax that provides a waited return, remunerating, also, the taken risk. The FCD determines the value of the company for the creditors and shareholders, calls of capital proprietors. The process of elaboration of evaluations economic-financiers is complex and involves subjective judgments, being important a joint analysis of two or more models of evaluation of companies. This article shows the importance of the economic and financial analysis, on the basis of the method of the flow of box deducted (FCD) for evaluation of companies.
The analysis has left of a practical study of the company Paranapanema s.a., based on an appraisal prepared for BB Banco de Investimento s.a. This bank just considers the criterion of the flow of box deducted the most adjusted to the definition of the price of the actions, for being a fundamentalist model used by the market analysts, that better translate the value of a company. 2 APPLICATION OF the FCD IN the CASE STUDY the evaluation of a company inlays a subjectivity of the analysts of market for incorporating future estimates, but, is based on concrete and proven data, demanding a domain of theoretical concepts of finances and knowledge of economic conjuncture.