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An accomplished professor and published author based in Victoria, TX, Farhang Niroomand has been teaching economics and international business courses for nearly four decades. Farhang Niroomand has also written numerous published abstracts, including “Scale and Scope Economies for Direct Writers in the Property-Liability Insurance Industry.

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A successful Victoria, TX-based author and researcher who holds a PhD in international economics from Michigan State University, Farhang Niroomand is a professor of economics and international business at the University of Houston-Victoria. As an author Farhang Niroomand has written abstracts for several publications including one titled “External Debt and Economic Performance of Small Countries.”

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A successful Victoria, TX-based author and researcher who holds a PhD in international economics from Michigan State University, Farhang Niroomand is a professor of economics and international business at the University of Houston-Victoria. As an author Farhang Niroomand has written abstracts for several publications including one titled "External Debt and Economic Performance of Small Countries."

The amount owed to other nations by a countryis known as its foreign or external debt. Examples of foreign debt include outstanding loans to foreign private banks, due payments to international organizations such as the IMF, and outstanding payments for a current account deficit in which the country owes money for imports.

There is no specific rule regarding when external debt becomes a problem to a country. However, when a country cannot make all debt interest payments from its export revenues, it may be in a critical debt situation. External debt should not exceed 150 percent of exports, as recommended by the International Monetary Fund.

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A successful Victoria, TX-based author and researcher who holds a PhD in international economics from Michigan State University, Farhang Niroomand is a professor of economics and international business at the University of Houston-Victoria. As an author Farhang Niroomand has written abstracts for several publications including one titled "External Debt and Economic Performance of Small Countries."

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Why Small Businesses Need Liability Insurance

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Why Small Businesses Need Liability Insurance

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A graduate of a PhD in international economics from Michigan State University, Farhang Niroomand has been teaching international business and economics courses at the University of Houston in Victoria (TX), since 2017. Farhang Niroomand has also authored several abstracts, including one titled “Scale and Scope Economies for Direct Writers in the Property-Liability Insurance Industry.”

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A graduate of a PhD in international economics from Michigan State University, Farhang Niroomand has been teaching international business and economics courses at the University of Houston in Victoria (TX), since 2017. Farhang Niroomand has also authored several abstracts, including one titled "Scale and Scope Economies for Direct Writers in the Property-Liability Insurance Industry."

Liability insurance protects a business agains financial damages even if it is negligent or responsible for damage, or loss to another person's property, health, or reputation. When a lawsuit is brought against a company the insurance company usually pays the damages, legal defense expenses, and settlement payments. This policy can help small companies in a variety of ways.

Let's assume an advertising firm launches a fresh social media campaign for a small restaurant, but the restaurant's sales remain flat. The restaurant may decide to file a lawsuit against the advertising firm because of the bad service. The allegation in this lawsuit will be that the advertising agency failed to fulfill its professional obligations.

The advertising agency will now have to employ attorneys and go through possibly lengthy legal processes, which may cost a lot of money. The scenario might be difficult for small firms because they do not have that sort of money. If the advertising business, on the other hand, had purchased liability insurance, their insurance provider would cover all conceivable expenditures, including attorney's fees, settlements, judgments, and other legal bills.

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Why Small Businesses Need Liability Insurance

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A graduate of a PhD in international economics from Michigan State University, Farhang Niroomand has been teaching international business and economics courses at the University of Houston in Victoria (TX), since 2017. Farhang Niroomand has also authored several abstracts, including one titled "Scale and Scope Economies for Direct Writers in the Property-Liability Insurance Industry."

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The University of Houston Victoria SchoBetween June 2009 and August 2017, Farhang Niroomand served as the dean of the University ofol of Business Administration

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The University of Houston Victoria School of Business Administration

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The University of Houston Victoria School of Business Administration

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The University of Houston Victoria School of Business Administration

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Dr. Farhang Niroomand - College Professor and Dean in Victoria, TX