Some of these principles, which were enunciated in his book, General and Industrial Management (published in French in 1916 and later in English in 1949), have helped several generations of business managers in effectively carrying out their functions by minimising misunderstandings, better coordinating actions, thereby resulting in increased efficiency in organizations. 10.
Some emerging countries are apparently making adjustments to their exchange rates, albeit slowly, in the awareness that importing easy monetary conditions from the United Sates by pegging to the U.S. dollar will further exacerbate inflationary pressure.