Essays on Capita

Abstract

Using the regression equation and given values of independent variables, we estimated the elasticity of each of them and ascertained that the product is highly elastic to price levels and therefore, the firm can consider to decrease the price levels in order to increase their market share. At the same time, cross elasticity and income elasticity were also significant in relation to the demand of the product, although advertisement expenditure has negligible impact on the product’s demand. Hence, own price, price of related goods and income of consumer are three major factors which the firm should incorporate while ...

Economists tend to relate to the subject of research with scientific objectivity (Mankiw, 2015). They develop theories, accumulate evidence and then analyse them in an attempt to prove or disprove the theoretical concepts. The main tools of the economist (and other scientists) are theory and observation, but, in contrast to the natural sciences, in economics it is almost impossible to set up an experiment to confirm or deny a new concept. In order to somehow compensate for the absence of the possibility of carrying out laboratory experiments, economists are paying close attention to natural experiments offered by life. An ...

The Canadian healthcare and social assistance sector falls under the NAICS classification. The sector entails a publicly funded healthcare system. The sector is guided by the provisions of the Canada Health Act of 1984 (Belchetz). The sector, relative to its peers in most other countries including the U.S and Mexico, is unique. Its uniqueness arises from the fact that despite being predominantly publicly funded, most of the healthcare services at the point of sale are provided for by private practitioners. The Canadian healthcare and social assistance sector has been billed in many quarters as a model to be followed ...

Briefly describe the product you plan to market abroad.

The insatiable appetite for new technology presents an ever-growing demand for technological products in line to meet the ever-changing consumer needs, preferences, and choice (Saif & Aimin, 2015). The Huawei smartphone provides a technologically advanced mobile phone that is set to take over the mobile phone market as well as meets consumer needs. The product’s appearance, operational simplicity, size and weight, operating system, screen size, mobile hotspot, and battery life outline some of the unique qualities of the Huawei phone (Saif & Aimin, 2015). The price of the smartphone is moderate to entice the customers since a significant proportion of ...

The centers for Medicare and Medicaid define an accountable care organization as a group of medical professionals and hospitals, whose aim is to share medical and financial responsibilities for coordinated care to patients (McCarthy, 2013). The team members unite to provide harmonized and high eminence care to the Medicare patients, who visit the medical institutions. The coordinated care that is provided assists in ensuring that patients, particularly the chronically ill patients, have access to timely and quality care. Additionally, it helps in preventing medical errors from occurring as well as reducing pointless replication of services. If the ACO programs ...

Different Aspects of Globalization

Globalization represents the integration of societies and economies through migration, capital flows, foreign direct investment and global trade activities. One positive aspect of globalization is that it brings countries and their people closer by connecting them with each other. This is largely supported by the rise of the internet. The second aspect of globalization concerns the capital inflow and foreign investment into the developing countries. Because of such inflows, developing economies are able to prosper economically, get more employment opportunities, and the living standard of the local people increases. The third aspect of globalization is that countries are able ...

Introduction

Mexico is a country in North America, located to the south of the United States (Where Is Mexico n.p). Concerning the size, it is the sixth largest country in South and North Americas. It is a populous nation with about a hundred and twenty million people, and its nominal GDP ranks the country among the top fifteen countries with the highest GDPs. The country, therefore, is among the large economies of the world. This paper will evaluate the current status of Mexico.

Status of Mexico in the world marketplace

The economy of Mexico has grown to put the country high in the world marketplace. The country ...

HISTORICAL CAUSES OF POVERTY IN LEDCS

There exists different causes of poverty ranging from political institution to geography or colonization to industrialization, over population, wars and corruption among others. But in this paper, our interest will be on the historical causes of poverty such us; colonization, civil wars and the 1970 debt crisis in the LEDC. Countries can be classified into two categories, that are the MEDC a More Economically Developed Country a good example is the USA, Germany and UK and an LEDC a Less Economically Developed Country for example, Sudan and Ethiopia. There are many reasons as to why these categories exist. One ...

Demand function (QD) = -5200 - 42P + 20PX + 5.2I + 0.2A + 0.25M Where; P= 500, PX=600, I=$5,500, A=$10,000 and M=5,000

Replace values in the equation;

QD = -5200 - 42(500) + 20(600) + 5.2(5,500) + 0.2(10,000) + 0.25(5,000) = -5200 – 21,000 + 12,000 + 28,600 + 2,000 + 1,250 = 17,650 Price elasticity of demand = ∂QD∂P×PQD ∂QD = change in quantity demanded, ∂P = change in price; P= price, QD = quantity demanded ∂QD∂P = -42 QD= 17,650 P= 500 Price elasticity of demand = -42 ×50017,650 = -1.1898 The above elasticity indicates that the product’s quantity demanded ...

Determination and interpretation of elasticities

Demand function, QD = -3,500 – 150P + 30A + 75PX + 10 Y P = 300 cents, A = $750, PX = 200 cents and Y = $10,000 QD = -3,500 – (150 × 300) + (30 × 750) + (75 × 200) + (10 × 10,000) = -3,500 – 45,000 + 22,500 + 15,000 + 100,000 = 89,000 units

Price elasticity of demand

Price elasticity of demand = ∂QD∂P × PQD

Change in quantity demanded/change in price, ∂QD∂P is the coefficient of price, P in the demand equation.

∂QD∂P = -150 QD = 89,000 P = 300 cents PED = -150 × 30089,000 = -0.5056 The above price elasticity of demand indicates that the quantity demanded of the low-calorie, microwavable food decreases by 0.5056% for every increase in price by one cent. The elasticity is less ...

Data Exercise

Part 1 As the table above shows, the Nominal GDP is always higher than real GDP (Bureau of Economic Analysis, 2016, Table 1.1.5). The difference is attributed to the inflation that is accounted by real GDP. Thus, in other words, real GDP is a nominal GDP adjusted for the inflation. This adjustment is measured by GDP deflator that reflects the price change in the current year comparing to the base or previous year. The percentage change of the nominal GDP in the last quarter analyzed compared to the previous period was 1.2 %, while the percentage change of the nominal ...

Part 1

Question 1 According to the World Bank Health expenditure per capita (current US$) report, Kenya’s health expenditure per person is 77.679 USD, which is higher compared to other countries in the region; Tanzania’s is 51.717 USD and Uganda’s is 52.294 USD. Additionally, it is higher than the East Africa’s average of 60 USD. The World Health Organization recommends a minimum of 36 doctors per 100,000 people which Kenya has not attained seeing that their current rate is at 17 physicians per 100,000 people (Gatura and Mbaluku 2). The number of physicians refers to ...

Part 1: Expenditures Approach to Calculating GDP

2. The process of inflation significantly influences the value of nominal GDP. The real GDP is calculated with a view to present real economic situation on the basis of GDP and other financial indicators of particular year. The real GDP presented in the table is calculated on the basis of chain-type quantity index as well as 2009 current-dollar value of the corresponding series. Therefore this index weights more than one period simultaneously being more reliable determinant of economic development. The nominal GDP of all the periods is greater than the real GDP that proves the phenomenon of inflation comparing ...

Executive Summary

Chez Yasmine is a French restaurant chain that has managed to succeed in the local French market and international British market with their product. To further expand, Chez Yasmine has decided to choose one of the following countries in East Asia: China, Indonesia, and Malaysia. The economic and cultural dynamics of all three countries are different and needs to be analyzed before making the final decision over the choice of an expansion market. To expand in International market, Chez Yasmine would need to overcome local competition and find a suitable strategy to expand their business. Different and dynamic factors ...

Executive Summary

Luxury Swap is an innovative web-based product exchange service. Modeled on e-bay's exchange program, Luxury Swap introduces an unparalleled service in KSA, first, and hopes to expand into GCC, East Europe, North America and world at large. The service connects upper class / sellers, who have unneeded luxury products, and middle class/ buyers, who, although having rising disposable income, cannot afford to purchase luxury products at retail prices. This report is made up of five sections: (1) Service Information, (2). PEST Analysis & SWOT Analysis, (3) Strategic Marketing Objectives, (4) Market Segmentation & Positioning and (5) Four Ps Strategies and (6) ...

China's leading role on the world market is undeniable. Over the years, Chinese reforms transformed this country from a backward agrarian one into a leading industrial power, by industry of which the stability of many countries depends on. Another proof was the fact that since 2010, China has become the second largest economy in the world after the US, ahead of Japan, which had occupied this position for 42 years (Greenaway & Milner, 2010, p. 20). Today, China is the largest consumer, producer and exporter in the world. China encourages the discovery of new commercial and industrial enterprises, the implementation ...

Educational Institute

Research Objective The objective is to determine and examine the role of the stock market in economic development. This research would analyze data gathered and demonstrate the significance of stock markets in the development of economies. Insights would be gathered on what factors can support the notion that the stock market is an indicator of economic health and a guidepost for a better understanding of economies.

Literature Review

Kelly, 2010 The article is a direct expository address to the relation between the stock market and the economy. It focuses on the conceptual aspects rather than on the data and analysis and ...

International Business Division

International Business Division

The population of Germany accounts for 80.6 million, out of which 74% population accounts for the urban population. The ethnic amalgamation is found to be extensive due to the prevalence of German population with the majority of 91.5%, Turkish population with the majority of 2.4%, whereas 6.1% population accounts for the Greek, polish, Italian and Spanish minorities. In accordance with the religious aspects, 34% population accounts for the Protestant, whereas 34% population accounts for the Roman Catholic. Similarly, 3.7% population accounts for the Muslim religion, however, 28.3% population account for the other unaffiliated religions (Statista, 2016b). ...

According to CIA World Factbook, the GDP of France in terms of “official exchange rate” (The World, 2016) in 2015 was “$2.422 trillion” (The World, 2016). In terms of GDP per capita (PPP), in 2015 it was “$41,200” (The World, 2016) .For comparison with past year results, in 2014 GDP per capita in France was “$40,900” (The World, 2016) and in 2013 it was “$41,000” (The World, 2016). Looking at these numbers, it is seen that GDP per capita is quite stable in France. In regards to the United States GDP in terms of “official exchange ...

Since the dawn of our civilization, human beings have been trying to find the best conditions for them to live and prosper. In this context, the phenomenon of migration enters the people’s life as a life-long companion of the homo sapiens. Nowadays, as thousands of years earlier, people still care about the place they live to be comfortable and safe. If these requirements are not satisfied, naturally, people seek to find something more suitable. Therefore, migration is a process, which roots deep in the subconscious. Nevertheless, the wish to move to another place as all the other basic ...

Executive summary

Tesla is an example of a company that is able to disrupt an industry. Before Tesla, the fully electric car was an idea in the research and development laboratories of gasoline-powered cars. After Tesla, the fully electric car is almost synonymous with the name of the company. The technologies behind the car are still expensive and this means that it is still a niche product. However, Tesla is working towards making it a more mainstream car. This paper looks at the efforts of Tesla to get its Model S into the Singaporean market. This paper begins with an introduction ...

Introduction

Brazil is one of the fascinating developing economies, which economic and social progress over the period of 2003-2014 lifted over 29 million people from extreme poverty. Based on the World Bank (2015) statistics, the inequality rate in the country fell by 11% with the income level of the poorest 40% of the population rose by as much as 7.1% over the same period. At the same time, global financial crisis and political instability in the country over the past few years have had its negative impact on the economy as a whole, reflecting stagnation in inequality reduction and deterioration ...

Introduction

Deng Xiaoping's rule in China marked an important pivotal point of political and economic development in the country, which had begun under the reign of the first generation leaders. Even after the death of the former, the political and economic achievements of China continue to impress across the globe. However, at the dawn of the post-Deng era, there has been a growing trend of economic and political development in different regions. As a result, it has alluded to the important question of what is the state of affairs in China amidst some current issues, which questions the growth of ...

Abstract

This case study examines the problem of deviation of normal relationships in families of persons with alcohol dependence. The case given for analysis describes rather typical situation of families with excessively drinking husbands. The case study aims at formulating the overall strategy of finding the way out for the members of such families. Particular attention is given to providing social support for the victims of the excessive drinking as psychological disorder. Special psychological phenomenon of "codependency" is defined throughout the research. This phenomenon is reflected in the psychological characteristics of wives and children, indicating the formation of dependent behavior ...

1.0 Background Capital structure decisions are critical for the profitability and or growth objectives of for-profit organizations. Financial managers are given the liberty of choosing the components of their capital structure as long their maximize the value of the stock and at the same time achieve some of the core objectives of firms. Some of these include maximization of the company’s value. Managers all over the world strive to find a combination of investment with the best gearing ratio. According to Huber (2011) excessive use of debt financing could lead to too much of the firm's profits being ...

Saudi Arabia is one of the richest country in the world, specifically because of its oil-rich land which drives its economy. It has also one of the highest per capita income in the world. In 2008, the per capita income was estimated to have been US$ 24,000. Along with its economic and financial growth, the country has also invested largely in healthcare services, specifically for its constituents. As a testament to such, the World Health organization has ranked Saudi Arabia 25th, out of 190 countries (The Patient Factor, n.d.). The country first forayed into public health in 1925. ...

[Author Name(s),First M. Last, Omit Titles, and Degrees] Economic development changes society in a manner that it becomes more and more difficult for the country to remain in the hands of a single man or a group of powerful elite. The change results to transforming the social and economic framework and then moving towards a changed attitude of the population in general. The primary concern of the countrymen is to achieve a commercial greater status and increase their wealth holdings. This changing scenario leads to people taking to skilled professions; they learn the importance of collective effort ...

Report for McDonalds

Italy and Russia

Figure 1: GDP per Capita at Constant Prices Figure 2: GDP Growth (Annual %) Figure 3: Inflation Rate CPI Figure 4: Unemployment Rates Figure 5: Policy Interest Rate (%) Figure 6: Russia Interest Rate (%) Figure 7: Current Account Balance in Italy (% of GDP) Figure 8: Current Account Balance in Russia (% of GDP) Figure 9: Russia Interest Rate

List of Tables

BUSINESS OVERVIEW McDonald’s Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 36,538 outlets. Founded in 1955 by Ray Kroc in Des Plaines, Illinois, 80% of the ...

Executive Summary

This section looks into the inception of Disney Store in South Korea, which is the country of interest. Disney Store is a retail outlet that specializes in sales of merchandise that are unique to Disney. Disney Store traces its roots back in 1987, in Glendale, California. A country analysis of South Korea was done with detailed information being noted as far as population, GDP, per capita income, aesthetics, political system, legal system and the living conditions in the country just to name a few of the areas tackled. This was followed by an economic analysis of South Korea where ...

India’s Economy and Population

Introduction India exists as a peninsula in South Asia and it is surrounded by various water bodies like the Indian Ocean and the Arabian Sea. The neighboring countries along the Indian border are China, Pakistan, Nepal, Burma, and Bhutan. The land size of the country is approximately 3,287,263 sq.km, and it is ranked 7th among the largest countries in the world (India Location para 2). India’s population is 1.33 billion, and 50% of this population comprises people aged below 25 years. The number of males is slightly higher than females, where sex ratio between males and ...

Introduction

The low cost carriers (LCCs) have been enjoying very fast growth in the past several years. Airlines like Ryan Air, Southwest, Lion Air and Asia have become dominant forces in their respective regions. Opportunities for growth and expansion abound especially in the light of changing consumer preferences and habits stemming from the global financial crisis. To take advantage of emerging opportunities, Air Asia needs to go public and raise funds for expansion. While its business model has so far been very successful, certain aspects of it operations and business model need to be modified for it to be able ...

McDonalds has come to create a network in both Italy and Russia. Italy seems to have better balance of payment and government balance indices, interest rate, trade policy instruments and not needing to lose over currency rates while dealing with Eurozone importers, and even unemployment and GDP growth rates. However, unemployment and the lack of growth indicating poor economic performance and social welfare situation may advantage the brand in Russia through better low-cost labor availability and consumer reorientation on less expensive restaurant offerings. Overall, neither of the country is the ideal market for the brand, yet both have their ...

Introduction

Starbucks Corporation is a company founded in Seattle, Washington in 1971 and is a premier retailer, roaster and marketer of specialty coffees around the world. (Annual Report 2015) In 2015, Starbucks reported a staff of approximately 180,000 employees over 19,760 company licensed and operated retail stores in over 60 countries worldwide. Roasted and handcrafted high-quality and premium coffees, tea and fresh food items as well as other beverages make up their product mix.(Annual Report 2015) Starbucks also sells coffee products and tea, as well as licenses its trademarks through multiple other channels like grocery, licensed stores ...

Two of the most remarkable stories of growth in the past 3 decades has been the growht of China and India's economies, two countries. Their populations, when added together, make up one-third of the total population of the world. While India and China's development paths have been different, there are many similarities to their approaches. Both countries developed their private sector, deregulated laws, liberalized prices and opened their countries to foreign direct investment (Reddy 3). However, China and India have relied on different economic drivers for growth. China has focused its efforts on manufacturing and exporting goods, while much ...

Introduction

In past few years, one of the most significant developments in the world economy is the emergence of India and China as major forces in the global economy. The constant growth of these countries is expected to dominate the economy of the whole world for several decades. Both countries contribute as more than one-third of the world’s population. Since 1980, both economies have been successful in achieving remarkable poverty reduction and economic growth rate. In respect of economic growth, it seems that China and India both are similar as both of these countries have large geographies and populations. ...

Introduction

Health has been defined as the best wealth for mankind. The age old proverb that, ‘Health is Wealth’ stands true all the more today, in this contemporary world where suddenly the number of illnesses are on the rise and each day mankind is confronted with a new type of disease caused by some virus or the arise of some new mutant bacteria. The result is an outbreak of an epidemic, causing a huge loss to humanity and a situation of panic for the entire world. Such consequences require immense support in terms of disaster mitigation and sound health care ...

Abstract

This study analyzes the effects of Solow growth model in the Chinese economy. The study also illustrates how Golden rule affects the operations of an economy. The study stipulates the significant effects of both the Solow model and the Golden rule in the economic and population growth in the Chinese. Various factors and variables such as the savings rate, capital growth rate and the labor ratio in the Chinese economy. The study specifically uses the characteristics of the Solow model in the Chinese economy to stipulate the growth in China. The GDP of China is thus explained by the ...

(Diapers and Wipes for Babies) In the present rapidly changing business environment, companies have to implement different changes and innovations to remain competitive. Such changes may refer to all the companies’ operation. For example, it may be necessary to add new products to the general product list of the organization in order to remain profitable and expand presence in the market of the certain country or region. As such, in the healthcare industry the company can develop some new products that relate to the consumer healthcare goods. This essay is devoted to the opportunity for GlaxoSmithKline to start manufacturing ...

Introduction

Business growth requires the adoption of various corporate levels strategies such as diversification into new markets. With that, it is necessary to identify the most suitable market regarding market demand and policies. That is because the country’s productivity determines the living standards, hence, the demand while policies determine ease of doing business and the productivity level. In that view, this report presents a recommendation and analysis of the most suitable country for Apple to expand to for its iPhone brand. To achieve the objective, the report presents a summary of the country of choice followed by an overview ...

Strategic Management Case Study

Introduction This paper aims to analyze a case study of the CEMEX organization to determine the implications of the impact of strategic planning on the long-term business growth. For a business to plan strategically there should be future aspirations that contain the mission, vision, objectives, and capabilities. Then, there should be strategic management implications that criticize the business decisions to get the best out of them, and then the competitive capabilities should be recognized. The case study should be used to model a new strategy for another market. The case study gives an insight into CEMEX organization which under ...

Introduction

Before the collapse of the USSR the international community was divided into two opposing parts: the socialist and capitalist countries. Among the latter, there were so-called third countries - a group of developing (mainly underdeveloped) countries ("Third World Definition | Investopedia", 2011). This division was confrontational due to the idealistic notion that the whole world is going through a transition to socialism, which represents a higher stage of economic development and social justice. In socialist countries, it was believed that socialism can be achieved without going through a long, painful years of feudal and capitalist development. Currently there is no ...

The different regions across the globe exhibit a great level of distinction in factors of production for which there is a huge difference in the costs of production within these regions, hence, the difference in economic growth and development across these regions. The understanding of the economic, spatial change is linked to the overall processes of transformation of capitalist markets and institutions, and productions systems due to the recognition of the contribution of various locations of economic activity. The regional economic performance has been pegged on a number of factors across the economy. First, is the use of knowledge ...

Public goods game: a group of people play a public game which is based on voluntary contribution mechanism (VCM). VCM is the game in which subjects have a certain amount of endowment (20$ in this study) and decide to allocate the endowment between public account and private account. The contribution to public goods is multiply with marginal per capita return. Marginal per capita return is the ratio of benefit to cost if people decide to give 1$ from private account to public account. An outcome of each player is:

In which ei is the endowment of each subject ci ...

Individual Assignment

This paper aims to compare ten countries on the basis of their Gross Domestic Product (GDP) per capita, unemployment rate, annual inflation rate and life-expectancy rates. The ten countries that will be studied are China, France, Japan, Germany, India, New Zealand, Norway, Philippines, Qatar and the United States of America. The 2014 data from The World Bank will were used in the study.

As can be observed from the graph, Qatar has the highest GDP per capita, while India has the lowest GDP per capita. Qatar is the world’s richest country because of its massive natural gas reserves. ...

Introduction

Myer is Australia's largest departmental store with more than 60 outlets and an online shop, where customers can order products from the comfort of their homes. The company employs 125,000 people and makes use of 1200 suppliers worldwide. Myer is embedded in the culture of Australia, as it has operated for more than 100 years in most cities. The company has a broad range of products; eleven in total, ranging from men wear to apparel and electrical goods. On the opposite, Myer has had mixed fortunes in the last five years. The company peaked in 2013, with revenues ...

In order to define ‘economic development’, I have looked into the literature on the subject to subsidize my answer. I have looked particularly into the works of Acemoglu, Laibson, & List (2016) and Rahnama-Moghadam, Samavati, & Dilts (1995). Acemoglu, Laibson, & List (2016, p. 205) indicate that the term less developed country (LDC) fosters images of backwardness, poverty, and lower levels of technological sophistication. They claim there is some truth in these images but, nonetheless, there is a broad range of countries that are correctly described as being less developed. One country has not reached the known levels of financial well-being that ...

Analysis of GDP and Its Limitations

Analysis of GDP and Its Limitations

Introduction

Predominantly, economic well-being has great connections with social well-being (Easterlin, 2001). As such, most of the public policies that are intended to improve the social welfare are usually directed towards variables that indicate economic welfare. However, not all aspects of social well-being have direct linkage with economic wellness. Thus, economic progress in a country does not entirely translate to social happiness among citizens since some economic growth policies involve trade-offs between social risk and income growth (Bok, 2009). In essence, economic well-being entails a measure of economic wellness of citizens in a country ...

Introduction

Practically, a tax is the most important instrument of fiscal policy and arguably, the most important aspect of public policy. For starters, tax influences the amount of money a government has to spend, as well as the amount the government needs to borrow in case of a difference between tax receipts and planned government expenditure (Pragyandeepa, 2015). The scarcity of resources, including the limits on the amount of taxes collected, influences the choices of spending by a government in the provision of services and public goods. In that vein, governments are always under pressure to have a sound prioritization ...

[Padau Wave Power Enterprises]

Business Plan

Using Wave Power to Generate Electricity in Saudi Arabia Introduction About the business Turning calamities into business opportunities is Padau Wave Power Enterprises’ next big project. Padau Wave Power Enterprises operates in a region that is chronically known to for strong waves that mostly wreak havoc anything on their way. Tapping the waves to produce energy is certainly a brilliant idea that Padau Wave Power Enterprises seek to venture into for a number of reasons. Firstly, the energy yielded will add to Saudi Arabia national grid in a sustained manner considering that wave power is ...

Abstract

Regression analysis is the statistical technique commonly used in econometric modeling and carrying out economic forecasts. This study sought to assess the precision multiple linear regression in evaluating the evolution in real GDP per capita in the USA between 1998 and 2011 using expenditure approach. Three macroeconomic variables were used; Gross domestic product, net investment and final consumption. Net investment and final consumption are model regressors predicting GDP. The researcher used MS Excel to carry out all the statistical analysis on the data. The analysis result shows weak linear development GDP increment. Small fluctuations were observed around the fitted ...

Instruction:

Heath share of Oregon ACOs The phrase ACO is an acronym for Accountable Care Organization. This term refers to groupings of hospitals, doctors, and other healthcare providers. The involved parties voluntarily come together to give high quality coordinated care to Medicare patients. Essentially, ACOs came up as a result of the poor service delivery in public hospitals. It is worth noting that patients have for a long time complained about the high cost of Medicare. Furthermore, they also experience reduced healthcare delivery that is not flexible to their needs. The legacy system adopts a “one size fits all healthcare ...

Human development is a process of providing mechanisms through which people can flourish and attain self-actualization in their lives. The rationale of human development as a process goes beyond focusing on economic development as an indicator of people’s wellbeing. It therefore incorporates other dimensions which are crucial in establishing the extent to which people would describe quality life. Traditionally, most economists have used quantitative indicators such as GDP Per capita as a measure of people’s wellbeing in a particular economy. The reality is however, different because quantitative indicators such as these are limited to assessing economic success ...

Regional Trade Agreements

Entry into regional trade agreements has become a commonplace and the secret behind regional economic competitiveness and eventual success. A good example of the economic gains derived from such agreements is the case of EU which forms the largest economy in the world. The entry into these agreements pulls in foreign direct investments to the member countries. The foreign investments increase the economic activity and cause the net effect of increasing the GDP in the specific countries. An example is the estimated 0.5% increase in output that would accrue from the creation of an economic agreement between the US ...

INDICATORS:

Income level: High Income Population: 35.54 million (“Data” 2014) GDP at market prices (Current US$): $1.785 trillion (“Data” 2014).

GDP per capita (current US$):

$50,230.8 (“Data” 2014). GDP growth (annual %): 2.44 (“Data” 2014). FDI Inflows: $59.6 billion in 2014 (“Trade Policy Review” 5). FDI Outflows: $58.2 billion in 2014 (“Trade Policy Review” 5).

Balance of Payment:

Current account balance (BoP, current US $): (-) $ 37.47 billion (“Data” 2014). Current account balance (% of GDP): (-)2.1% (“Data” 2014). Import of goods and services (BoP, current US$) : $580.7 billion (“Data” 2014). Exports of goods and services (BoP, current US$) : $564.6 billion (“Data” 2014). ...

ECON 4331W

Introduction The phrase "the rich get richer while the poor get poorer" has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and significantly impact upon the economic ...

Business Plan: Whether is it Feasible for BMG to Expand its Presence in the Increasing Affluent Chinese Market via Joint Venture (JV) with a Local Chinese and if it is Feasible in the Chinese Milk Market with a Local Partner.

Executive Summary

The purpose of this business plan is to come up with information in relation to the Chinese milk industry. Furthermore, this business plan seeks to determine whether the Chinese milk industry can be a lucrative platform to invest. Just the same way, this study is meant to analyze the possibility of BMG Company forming a joint venture with a ...

Executive Summary

The purpose of this report is to analyse the dairy industry in China and provide recommendations on the creation of a joint venture between a foreign company and a local company in China. A market overview is done to establish the current market situation. The current market situation is analysed when overviewing the market. The writer looks at the production and consumption rate in the country. A literature review is used to analyse the production and consumption of dairy products in the country. Information from website and other secondary sources especially statistics from the dairy associations in country is ...

India and China Economic Conditions

The economic conditions of India and China are among the largest economies in the world. Economic conditions refer to the various economic indicators used to define the state of the economy of a nation such as the GDP, GDP per Capita, Population, poverty headcount and headcount ratio, poverty index, measures of health and Gini index. The differences in size, composition and other qualitative and quantitative factors stand stark contrast when comparing India and China (Barnes, 44) India has a smaller economy, about a fifth, compared to China. It imports are a fraction of Chinas, as are the exports. India’ ...

Income Inequality between Countries

Introduction This paper asserts that the income inequality between developed and developing countries increases over time. Developing countries will not be able to catch up with developed countries because of differences in technological advancement. Technology has a bearing on the nature of output and skills that a country has for its production. Therefore, developed countries will produce technologically advanced products such as computers because they have both the resource endowment of both physical and human capital in those sectors. On the contrary, developing countries that have abundant unskilled labor will supply unskilled labor intensive goods and agricultural goods that ...

Comparing Brazil and US

The purpose of this essay is to look at cultures and diversity on the example of the comparison of two countries with very different profiles: Brazil and the United States. To ensure the quality of this high-level analysis, it was decided to focus on only three aspects: work, food and drinks and transportation.To begin with, it is important to choose a framework that could structure the analysis. Hofstede (2001) conducted a study, which made a significant contribution to the field of social and political studies.The author outlined six major dimensions for cultural analysis of nations. These dimensions include the ...