英語(yǔ)翻譯
6.Conclusion
Financial Management was the process of procurement and disbursement of funds,and remuneration of the owners of the enterprise.The function of procurement of the funds was called the financing function,while that of the control of the utilization of the funds was called theinvestment function.The function of remunerating the shareholders of the corporations was called the dividend function.The manager who performed the financial management function is called the Financial Manager.
The modern day Financial Manager was instrumental to the successof the organization.As cash flows pulsated through the organization thisindividual was at the heart of what was happening.If finance was to play aGeneral Management Role in the organisation,the Financial Manager had to be a team player who wasconstructively involved in the operations,financing and liaising with the other functional areas of the enterprise such as Marketing,Production,Human Resource Management,Innovation,Research and Development,MaterialsManagement and Accounting.The effect of Financial Management was the improvement in the financial performance of the firm which atthe macro level leads to Economic Growth.Economic Growth as a concept was therise in the output of a country from a given year taking the previous year asthe base year.It did not however take recognition of the material well-being of the masses that would culminate in a change in the Economic Arrangement that would cause a increase in such macroeconomic variables as poverty alleviation,employment,income especially of people in the low income bracket and improvement in the human development index to result in a higherstandard of living,education for all and longevity up to 85 years.The concept of Economic Development which started with Economic Growth and added the distribution of theproceeds from Growth and the Spontaneous change that galvanized the improvement in the macroeconomic variable ismore encompassing than the concept of Economic Growth.It is also one of thepillars of Sustainable Development.Sustainable Development entails meeting theneeds of the present generation without jeopardizing the needs of the future generations.The needs include the eight needs of Maslow namely:the physiological needs,esteem needs,safetyneeds,love needs self-actualization needs and the needs for beauty andaesthetics,knowledge and understanding and transcendence.
The specific objectives of the study were to do a Theoretical Review of Financial Management Research,a Theoretical Review of Sustainable Development in the ThirdWorld and to do a Theoretical Analysis to show how Financial Management Research could be used as a strategy for Sustainable Development in the Third World:Experiences and future plans ofintellectuals.