Economical aspects are extremely important either for an organisation and for economies as well as without economical aspects no organisation can make a difference. Shareholder’s governance also comes under the same ambit (Needless & Susan, 2001).Growing economies, stock markets and technology; they all apprise us that we are in the era of globalization. The stance of researches is quite common and important as well. This is the main reason, why billions of dollars have been spent on this particular industry. The essence of research lies in almost every thing and on the basis of these researches, the researcher and its readers takes effective decisions. Like in the field of finance, the traders make economic decisions on the basis of the research report of a company.

At a number of places, the research experts said that researches really matters and by contrast the thoughts of some researchers are totally against of it. Among a number of writers, who are in the argument that there is no perfect method of research present! Griffiths is one of them who jotted down the same idea in his book published in the year 1998.

Economic development is highly dependent on the legitimacy of the political government. This is a sort of hypothetical making work wherein hypothesis related to the same will be described.

Methods of Conducting Research

Research is the name of searching knowledge and investigation for the establishment of motley facts (Ackerman, R, pp. 15). Basically there are two broad types of researches which predominantly are applied research and basic research. Under these two broad types different sub types have also categorized. Specifically, the main purpose of applied research is to discover, interpret and develop new methods and systems which assist in the advancement of human knowledge. On the other hand, basic research is the name of enhancing and interpreting someone else’s research.

There can be a number of faces of research which includes scientific research, medical research, artistic research and financial research, but the way to conduct it differs in each category (Ackerman, R, pp. 40-45). There can be a number of methods of research which can be used while doing research. These research methods include exploratory research method, constructive research method and empirical research method (Borodovsky, M & Gogarten, P, pp. 95).

To date, much thinking about research dimensions and assessment has been concentrated in the field of health sciences and bio medical but there is an increasing recognition of researches in the subjects of economics, finance and engineering as well. Apart from that, government organizations are also very much involve in the research and development (R&D) stance (Bernard, R, pp.78). In the next section, we will see the advantages and disadvantages of Research which will lead us to focus on the main topic straight away. At a number of places, the research experts said that researches really matters and by contrast the thoughts of some researchers are totally against of it. Among a number of writers, who are in the argument that there is no perfect method of research present! Griffiths is one of them who jotted down the same idea in his book published in the year 1998.

According to the economical school of thoughts research provides value to the community of an organization. Study reveals that the organizations that emphasized on the essence of research and development are more productive as compared to those organizations which do not take this activity serious (Blaxter, L & Hughes, C, pp. 35). 

Methods Selection

Methods of conducting research are the most important section of a research report because this particular section capitalizes the whole thesis in a presentable and professional manner. There are two different methods come under this jurisdiction which are quantitative method and qualitative method. As clear by the name, quantitative method is based on statistical and past result while qualitative research has been conducted through interviews and questionnaire. Primary and Secondary research will be used to complete this research.

To execute this research, both the research methods will be taken into account. The research will be a primary research and will initiate the questionnaire approach to conduct the data on which different statistical tests would be applied. Contingency test, Z-test or T-test would be applied accordingly according to scenario and sampling.

Hypothetical Review

In this section different hypothesis will be made. The hypothesis would be null and alternative in nature. There are three hypotheses which have been used to do the analysis of the relating question.

Hypothesis 1

Ho: There is no strong relationship between the intervention of government in the exchange rate of the country and high economic development of the region

H1: There is a strong relationship between the intervention of government in the exchange rate of the country and high economic development of the region

Hypothesis 2

Ho: There is no strong relationship between the government action to reduce inflation and increase Foreign Direct Investment (FDI) within the country and high economic development of the region

H1: There is a strong relationship between the government action to reduce inflation and increase Foreign Direct Investment (FDI) within the country and high economic development of the region

Hypothesis 3

Ho: There is no strong relationship between the government action to revive the monetary and fiscal policy and with high economic development of the region

H1: There is no strong relationship between the government action to revive the monetary and fiscal policy and with high economic development of the region

Dependent and Independent Variable

Dependent variable in all of these hypotheses is high economic development while independent variable varies from hypothesis to hypothesis. In the first hypothesis, the dependent variable in exchange rate because the stance of economic development is depending upon the exchange rate. The depend variable of the second hypothesis is reduction in the inflation rate while the dependent variable of the third hypothesis is revival of monetary and fiscal policy.

Sampling

In order to determine a good result, a sample of around 100 people would be more than enough but they should belong to finance industry.

Limitation

Potential problems of conducting research and limitation of the research have same meanings. The biggest problem which may be face by the researcher will be low involvement of respondents in conducting the research. Finding right respondents at the right time is very important from the view point of this research and anything lacking in this regard can devastate the entire result of this thesis.

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