global issue
I should be guilty of dissembling if I were not to refer to the economic difficulties which have affected Japan recently along with several other countries. I assume that these difficulties have come as a shock to people in Japan because of their contrast with the prolonged period of economic success which preceded them. But they show, as history has shown so often, that the enjoyment of steady uninterrupted growth, over the very long term, is beyond the capacity of nations. Every country, no matter how successful, seems bound to experience setbacks. The history of the changing wealth of nations is the subject for a different speech by a different speaker. But accounting has a part to play, an important part, because of its role in making markets work effectively. And this is very much the subject for this speech and this speaker. Today, the central focus of accounting is surely the measurement of business performance. Over the last 200 years or so, the broad trend of economic development has been towards specialisation, large scale production, enabled by increasing domestic and international trade. Large scale production has depended on the growth of capital markets. Hence
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Some common words found in the essay are:
Accounting Standards, Daimler Benz, Japan Japan, Strategy Party, Securing IOSCO's, United IOSCO, Role IASC, Stock Exchange, , Japan Frankly, accounting standards, national standard, international accounting, international accounting standards, cross border, standard setters, national standard setters, capital markets, accounting rules, international standards, border listings, cross border listings, standards cross border, standards cross, global accounting standards,
Approximate Word count = 3262
Approximate Pages = 13 (250 words per page double spaced)
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