...argue about the possibility of the economic implications and foreign exchange risk of the system of exchange rate for multinational companies with subsidiaries which are located in countries with systems such as managed floating exchange rate, fixed exchange rate linked to a basket of currencies and also a fixed exchange rate backed by a currency board system. Unlike the freely floating exchange rate system which has never been applied under its purest form, monetary authorities is required by the managed floating rate in order to interfere in foreign exchange markets to prevent the currencies from moving too far from an apparent fundamental value. 2. i. Managed Floating Rate More and more...
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...Introduction The energy and economic crisis has intensified the search for viable alternative power source. The search has opened the door for new business opportunities, for instance; the development and installation of wind turbines; electric vehicle charging stations; and a myriad of solar business opportunities. There are several solar industry opportunities to choose from; retail and wholesale distribution, after-market products, installation and repair, and other service oriented businesses. To aid in our entrepreneurial decision making in entering the solar industry, we have researched the following macroeconomic areas; GDP growth rate, interest rates, level of unemployment, business cycle, fiscal policy, monetary policy, international trade, and demographics. GDP Growth Rate Graph 1 Graph 1 For over fifty years the most widely accepted measure of a country’s economic progress have been the changes in the Gross Domestic Product (GDP). GDP is a calculation of market output, adding together the price of all final goods and services that are produced and traded for currency within one year. It is measured by combining the nation’s personal consumption expenses, government expenditures, net exports, and net capital formation (GDP, n.d.) Graph 2 Graph 2 The United States by far is the GDP leader in the world with a GDP of $16.8 trillion in 2013, ahead of China’s $9.2 Trillion and just below the entire European Union with an estimate $17.4 trillion GDP. This is an...
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...Running Head: VENEZUELAN OIL MARKET 1 Analysis of the Venezuelan Oil Market BINT 6311 – International Business Management University of the Incarnate Word VENEZUELAN OIL MARKET 2 Table of Contents Abstract ............................................................................................................................................3 Review of Venezuela .......................................................................................................................4 Geographic Location ....................................................................................................................4 Demographics ...............................................................................................................................5 Economic Indicators .....................................................................................................................5 Politics and Economic Freedom ...................................................................................................6 Analysis of Entry Modes .................................................................................................................7 Government’s Role ......................................................................................................................8 Joint Ventures ...............................................................................................................................8 Recent Events in Entry ....
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...Gold Fundamental Report February 2012 Disclaimer This report has been prepared by the Knowledge Management Department of NCDEX Limited for the purpose of information dissemination. The facts are reported from publications and have not been checked for authenticity. NCDEX and its employees will not be responsible for any decision taken by the reader based on this report and are adv advised to take independent advise on the commodity(is) dealt in this report . For more information contact Ashwin Dilip Vidhate Knowledge Management Group NCDEX Ltd. ashwin.vidhate@ncdex.com +91 022 6640 6836 2 Table of Contents 1. Introduction ....................................................................................................................................................................................... 4 2. Gold supply ........................................................................................................................................................................................ 5 Gold supply: Indian scenario............................................................................................................................................................ 14 3. Gold demand ..................................................................................................................................................................................... 15 Gold demand: Indian scenario ..................................................
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...ADAMJEE INSURANCE Analysis of Insurance Sector Research Report Table of Contents Introduction .................................................................................................................................................. 3 Insurance sector at a glance ......................................................................................................................... 4 Major Players in the Market ..................................................................................................................... 6 Global Insurance Industry Overview ............................................................................................................. 7 Non-life growth is still weak in the industrialized countries, but strong in Asia ...................................... 8 Non-life insurance premium growth ........................................................................................................ 8 SWOT Analysis of Pakistan Insurance Industry ............................................................................................ 9 Analysis of Leading Insurance Companies in Pakistan (of first quarter 2011) ............................................ 10 Drivers of Insurance Coverage .................................................................................................................... 11 Competition between insurance and banking ...................................................................................
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...ago, China was said to be the most advanced nation in the world. Today, they are still much more advance than most of the countries. China was named by Europeans after the ancient Ch’in Dynasty of the third Century B.C. China continues to be the oldest civilization in the world today. China was the only from the world’s great civilizations to evolve from nearly total isolation from the rest of the world. The primarily result of this was geography: the sea to the east, the Himalayas to the south, the Gobi desert to the north and inhospitable deserts and high plateaus to the west. The Yellow river in China is said to be the source of the first Chinese culture and civilization. There are many different cultures located in China such as the Yangshao culture, Hongshan culture, and Yunnan culture. Ancient Chinese agrarian religion revolved around the worship of natural forces and spirits who controlled the elements and presided over rivers, fields and mountains. Shaman known as wu acted as intermediaries between the human and spiritual worlds and performed rites to insure good weather and harvests and keep evil spirits at bay. Even though China is regarded officially as an atheist state today, it has had an officially recognized religion since 2356 B.C., when science, religion, mythology and government were all linked together. Taoism and Confucianism began to take shape around the 5th and 6th centuries B.C. but evolved from religions that had been around in China for...
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...IM Aggregate Demand Aggregate demand (AD) is the total demand for all goods and services produced in an economy in a given price level and time period. AD = C + G + I + (X – M) C means consumer expenditure. This makes up the majority of AD in most countries (about 65% of the total). I means investment in capital goods from firms, and this is the most volatile component of AD. This typically accounts for 15-20% of GDP, and the majority (75%) is from private sector businesses. G means government spending on state-provided goods and services. Transfer payments (state benefits) do not count because these payments are not producing an output – they are a transfer of money from one group to another. X means exports; M means imports. Exports are goods sold to overseas countries and imports are what the UK buys from foreign countries. (X – M) represents net exports. If this is positive, there is a trade surplus which adds to AD. Conversely, a negative net exports value means there is a trade deficit, which reduces AD. Consumer Expenditure Consumer expenditure is influenced by… The amount of real disposable income is the main influence on consumer expenditure. Households and economies with more disposable income tend to spend more in total than poorer ones. The proportion of income that is spent is called the average propensity to consume (APC). Wealth (the value of a stock of assets) affects C. Wealthier people tend to spend more. Wealth can be spent and can be used...
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...Contents Inflation, Stagflation, Disinflation, Deflation, CPI and WPI ........................................................................... 2 Policy Rates and Reserve ratios .................................................................................................................... 4 GDP and GNP ................................................................................................................................................ 5 Classical and Keynesian Theory .................................................................................................................... 6 Purchasing Power Parity ............................................................................................................................... 7 FDI and FII ..................................................................................................................................................... 8 Currency exchange rate and different exchange rate regimes .................................................................... 8 Fiscal and Monetary Policy ........................................................................................................................... 8 Microeconomics............................................................................................................................................ 9 Types of Industry.......................................................................................................................
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...Question: For an industry of your choice, identify and analyse the most important drivers and barriers affecting its development. Answer Drivers and barriers affecting development of any industry revolve in the fraternity of globalization. Globalisation in business is the worldwide movement toward economic, financial, trade, and communications integration (Frank, 1998). It implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. Drivers in the business concept are critical forces which can be built within business strategy to enable a company to attain its set goals (Gilbert, 1994). Barriers to industry development are forces that deters the business organization from attaining the desired goals and these are encountered both in the internal as well as external business environment (Hough et al 2011) It is therefore imperative to evaluate key drivers and barriers affecting development in a bid to craft strategic tools that can stimulate strategic thinking, generate strategic foresight, provide a basis for testing existing strategies, explore and understand complexities of the future (Trompenaar et al, 2003). This can aid decision making and contribute to preparation for the future. As such, this essay seeks to explore key issues in strategic management and key theoretical models in the South African (SA) Wine Industry and that...
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...A Study on BEING AN INTERNATIONAL BUSINESSMAN WHAT WOULD BE YOU CONSIDERATION TO EXPORT Leather TO Taiwan By Ms. Zenat Sultana Reg ID: A Field Work Report Submitted to Mr. Quamrul Ahsan Course Instructor: - International Business Faculty of Business Brac University BRAC University, Dhaka December 13, 2014 December 13, 2014 Quamrul Ahsan Course Instructor- International Business BRAC University, Dhaka Dear Instructor: Enclosed report is concentrated on the consideration factors as an international businessman to export Leather to China, India and the European belt which stands a viable business case and feasible return on investment. This report is aimed to be found justified & satisfactory. Sincerely, Ms. Zenat Sultana Student ID: Executive Summery International business grew over the last half of the twentieth century partly because of liberalization of both trade and investment, and partly because doing business internationally had become easier. In terms of liberalization, the General Agreement on Tariffs and Trade (GATT) negotiation rounds resulted in trade liberalization, and this was continued with the formation of the World Trade Organization (WTO) in 1995. At the same time, worldwide capital movements were liberalized by most governments. Today, business is acknowledged to be international and there is a general expectation that this will continue for the foreseeable future. International business may be defined...
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...it has introduced its iPod mp3 player. Apple Inc. is considered to be the most successful electronics company in the world. Mission Apple mission statement 2013 | “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.” | Overview Apple’s mission is one of the poorest statements that can be found in our list of missions. According to Blodget from Business Insider, it’s merely a list of products rather than a true mission statement. That is true. Apple only lists its key products without mentioning its customers, concern for survival, philosophy, self-concept and concern for public image or employees. The company doesn’t explain what values guide its decision making. The statement is...
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...I. Introduction & Executive Summary: The phenomenon of globalization, reduction of trade barriers has resulted in not only the exchange of business practices and products but also, cultural values and customs. Many diverse cultures share and influence the cultural views of different societies. The Western influence on developing countries is the most remarkable. A country such as, India has a vast population of young adults who idealize the Western lifestyle, the way of living, dressing, and social norms. A strong value held by many Asian cultures is the importance of one’s health, natural healing, meditation, and spirituality. These core health values within the Indian society alongside the emergence of Western influence on aesthetics, appealing body physique (slim and toned for females, muscular and built for males) serves as a perfect business opportunity for L.A. Fitness to expand into the Indian market. Opening L.A. Fitness in India to promote good health and well-being the “western” way seems fitting to the common “East meets West” motto. L.A. Fitness established in 1984 and has acquired Bally Total Fitness which currently has operations outside of North America in China and Korea. L.A. Fitness has based its strong expansion from its commitment to understanding and meeting the distinct needs of each community they serve. It offers a wide range of amenities beyond the core gym machines/free weights such as swimming pools, tennis courts, hot tubs, saunas...
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...SINGAPORE HOTEL INDUSTRY ANALYSIS Prepared by: Nazia Husain Marketing 558: Marketing Across Cultures TABLE OF CONTENTS Contents EXECUTIVE SUMMARY 3 HISTORY 4 GOVERNMENT 6 CULTURE 6 Religion 6 Language 7 Economy of Singapore 8 Trade 9 Employment 10 ASEAN 10 MACRO-ECONOMIC REVIEW OF SINGAPORE 11 Economic Factors 11 Macro-environment factors and hotel industry 12 INDUSTRY ANALYSIS 14 Hotel Demand 15 Hotel Supply 16 COUNTRY CLUSTER ANALYSIS 17 Regional Analysis in the Hotel Industry 17 Singapore Industry Analysis 17 RevPAR 19 Singapore Hotel Association 20 Corporations Expanding Into the Region 22 CONCLUSIONS AND RECOMMENDATIONS: 23 Working culture differences between the US and Singapore 23 Expansion into Singapore 24 APPENDIX 26 EXECUTIVE SUMMARY The purpose of this research paper is to provide insights into the Singapore Hotel Industry. Through an analysis of economic indicators and the hotel industry in the region, along with a look at how the cultural characteristics of Singapore help illustrate many reasons why hotels should look to expand in Singapore. One of the many reasons why the hotel industry is of such importance in Singapore is its continuous growth and expansion of the services industry in the region. Although there is a slow growth of visitors projected in 2012 due to an uncertain economy, it is to the countries best advantage to increase the number of hotels being planned to open in the next...
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...Index Page No. 1.0 Overview 2 2.0 The Establishment of the Euro Zone and the introduction of the Euro 2 3.0 Key Causes of the European Financial and Economic Crises 3 4.0 The Start and Progression of the European Debt Crisis 5 5.1 Greece 6 5.2 Portugal 6 5.3 Italy 7 5.4 Spain 7 5.5 Ireland 8 5.6 Iceland 9 5.0 Measures Taken (so far) to Combat the Debt Crisis (European Level) 10 6.7 European Financial Stability Facility (EFSF). 10 6.8 European Financial Stabilization Mechanism (EFSM). 10 6.9 ECB interventions. 10 6.10 Brussels Agreement. 11 6.0 Implications of the European Debt Crisis: For the European Union 12 7.0 Implications of the European Debt Crisis: For the Global Economy 13 8.0 Implications of the European Debt Crisis: For Global Politics 14 9.0 Implications of the European Debt Crisis: For Pakistan 15 10.0 Implications of the European Debt Crisis: For the Welfare State 16 11.0 Solutions for the European Debt Crisis 16 12.11 Eurobonds. 16 12.12 Restructuring of Eurozone. 18 1.0 Overview: With a nominal GDP of $16,242 Billion in 2010 (20% of global GDP), the European monetary union is not only the world’s largest economic block, but also the foremost integrated economic and political association of nations in history...
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...guide future business decisions. ANS: T DIF: LL1 REF: Page 15 OBJ: 1 5. Economists forecast business needs based on a deep understanding of past choices. ANS: T DIF: LL1 REF: Page 15 OBJ: 1 6. Microeconomics is the study of broad, economy-wide issues such as the unemployment rate, gross domestic product, and inflation. ANS: F DIF: LL2 REF: Page 15 OBJ: 1 7. Macroeconomic conditions impact day-to-day life by influencing variables such as the availability of jobs, the amount of take-home pay households have available after paying taxes, and the buying power of those incomes. ANS: T DIF: LL2 REF: Page 15 OBJ: 1 8. Luke is taking an economics class that focuses on decisions made by individual business firms and consumers. Luke’s class is concerned with microeconomic issues. ANS: T DIF: LL2 REF: Page 15 OBJ: 1 9.. Capitalism is based on private ownership, economic freedom, and fair competition. ANS: T DIF: LL2 REF: Page 16 OBJ: 2 10. Capitalism places paramount importance on the need for the government to intervene in the economy to ensure a fair and equitable distribution of income. ANS: F DIF: LL2 REF: Page 16 OBJ: 2 11. Market equilibrium is the point at which the supply curve intersects the demand curve. ANS: T DIF: LL2 REF: Page 20 OBJ: 2 12. Federal law has made all types of...
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