...Moreover, the tourism market is changing everyday in different season; therefore, the price can be difference depend on the demand. I am going to discuss the effect respectively. Recession During 2008 and 2009, the global faced a difficult situation- the economic recession. However, did that really impact the economy in Switzerland? There is one survey, SWITZERLAND: ECONOMIC EXPANSION ALMOST CAME TO A STANDSTILL IN Q4 2011 (2012), Lambert conducted that the Swiss GDP growth rate was affected by the recession in 2009. Besides, from the chart of Swiss GDP, I can certainly see in 2009, the Swiss GPD growth rate did not grow up instead of decreasing. (Lambert, 2012) However, on the other research, SWITZERLAND: ECONOMIC GROWTH, GDP CONTRACTED Q-O-Q IN Q2 (2012), Pictet argued that the Swiss economy was not in recession because the Swiss real GDP growth was still higher than entire Europe area. From the chart of the real GDP growth, it shows that although the GDP growth rate decreased, the Swiss...
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...SWISS WATCHES - Industry Analysis - Student: Calin Mihai - Daniel Master: MBAE AIA E Course Title: Strategic Management Course Instructor: Popescu Cristian Introduction Country Economic Overview Switzerland is a standout amongst the most well off, macroeconomically steady and exceedingly aggressive nations on the planet. The nation has accomplished its aggressiveness in spite of a landlocked area, absence of normal assets and a little residential business sector. Stable political establishments, gradualist strategy changes and financial mix with the EU27 are at the center of Swiss macroeconomic aggressiveness. Swiss microeconomic intensity is driven by an exceptionally solid national business environment over the jewel, and 4 very creative, send out orientated, co-found bunches: Financial Services, Precision Engineering (counting watchmaking), Biopharmaceuticals, and Medical Technology. These bunches have however created notwithstanding a nonattendance of deliberate government group arrangements. To support and update its national intensity, we prescribe the Swiss government execute an incorporated bunch procedure, facilitate its scattered monetary policymakers around an arrangement of national financial destinations, lessen non-duty boundaries to exchange, establish changes to make beginning up and slowing down organizations less demanding, and fit business, assessment and speculator insurance direction...
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...dependent on a steady tide of foreign investment. Because of the country's small size and high labor specialization, industry and trade are the keys to Switzerland's economic livelihood. Switzerland has achieved one of the highest per capita incomes in the world with low unemployment rates and a balanced budget. The service sector has also come to play a significant economic role. Its industrial sector began to grow in the mid-19th century, and had become the largest in Europe by the beginning of the 20th century. In October 2011, Switzerland had the highest average wealth per adult at US$540,000, making Swiss residents the richest in the world. Switzerland was the only country that had exceeded US$500,000.[15] This is said to have been because of the rising value of the swiss franc which has increased the wealth value of Swiss residents.[16] Economic sectors : The Swiss economy follows the typical First World model with respect to the economic sectors. Only a small minority of the workers are involved in the Primary or Agricultural sector (3.8% of the population, in 2006[update]) while a larger minority is involved in the Secondary or Manufacturing sector (23% in 2006[update]). The majority of the working population are involved in the Tertiary or Services sector of the economy (73.2% in 2006[update]).[19] Industrial Switzerland has an extensive industrial sector, it is not very well known around the world but present with companies in different industrial sectors such...
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...distribution of wealth. Switzerland has a higher rates of GDP per capita, electricity usage and life expectancy comparing to India. Switzerland is located in the northern hemisphere, in the continent of Europe. It is surrounded by countries such as France, Italy, Germany, etc. India is also located in the northern hemisphere in the continent of Asia. It is surrounded by countries such as Bangladesh, Sri Lanka, etc. The life expectancy of Switzerland is 82 years and the life expectancy of India is 65 years. In Switzerland, the GDP per capita is $37,942 whereas the GDP per capita in India is $3163. This shows a positive correlation between the life expectancy and the GDP per capita as the life expectancy is directly proportional to the GDP per capita; the higher the life expectancy, the higher the GDP per capita of the country. When a country is wealthier, they will have more money to provide good health and medical care services. Switzerland has a high GDP per capita, which shows that most of the citizens are wealthy and have enough money to provide more than enough needs such as food, a shelter and medical care to their family. It also shows that the people in Switzerland is financially stable and they don’t have to stress about not having enough money to take care of themselves or their families. It is proven that when a person has less stress, they will usually be healthier and can live longer. However, India has a very low GDP per capita and a low life expectancy comparing to...
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...the success story that it is today; in the late nineteenth century Switzerland was a poor nation and its major exports were mercenaries and emigrating citizens. By the early period of the twentieth century, Switzerland had emerged as an industrial nation of importance despite its small size. Switzerland was one of the richest nations in the postwar period and by the 1960 using some measures, Swiss per capita income was the highest in the world. The wealth of Switzerland is the outcome of national competitive advantage where there are shockingly numerous competitors in a wide range of advanced manufacturing and service industries and Switzerland a small nation was able to establish their competitive advantage over large nations and their competitors. The industrial success has allowed Swiss citizens to be employed at high wages and for many years the unemployment has affected less than two hundred people. Swiss companies include amongst them Nestle, Hoffman-Laroche, Sandoz, Ciba-Geigy, Schindler, Landis and Gyr, and Lindt and Sprungli, are the most global of any nation. The top Swiss multinationals employ more people outside of the country than in Switzerland. Being a small nation without a large home market for example as in Japan or the U.S. one can still be...
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...estimation of the country's Gross Domestic Product (GDP) because it is neither detected by the authorities nor is declared by its creators. Key words: Black money, Parallel Economy, Income and Wealth, Tax system, GDP INTRODUCTION Black money in economic terms means 'unrecorded gains'. Black money refers to funds earned on the black market, on which income and other taxes have not been paid. This underground, unrecorded and irregular hoarding of wealth in any form is what is said to be running a shadow economy or Black money in a country. In other words, it is income which has escaped taxation. Government does not know about this money. According to the Wanchoo Committee Report, “Black money denotes not only unaccounted currency which is either hoarded or is in circulation outside disclosed trading channels but also its investment in gold, jewellery and even precious stones made secretly, and in land and buildings and business assets over and above the amounts shown in the books” There is no reliable source for estimating the black economy generated in India or held outside. Raja Chelliah has estimated that black money is generated at the rate of 20 percent of the country’s GDP. National Institute for Public Finance and Policy which was commissioned by the UPA government estimated that there is a parallel Black economy functioning, though the size is nearly 75 percent of the 2013 GDP. Foreign banks especially the Swiss Banks which do not disclose the particulars of the account...
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...Balance of Payment Switzerland 2011 I/ Introduction II/ Swiss economy III /BOP a) Goods and services b) Labour and investment income c) International Investment a. Swiss direct investment abroad b. Foreign direct investment in Switzerland IV/ Trade between Swiss and china V/ Conclusion I/ Introduction Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285 km2 , The Swiss population of approximately 8 million people is concentrated mostly on the Plateau The Swiss Confederation has a long history of armed neutrality—it has not been in a state of war internationally since 1815—and did not join the United Nations until 2002. Switzerland comprises three main linguistic and cultural regions: German, French, and Italian. The strong sense of belonging to the country is founded on the common historical background, shared values (federalism and direct democracy) and Alpine symbolism II/ Switzerland Economy Switzerland is one of the richest countries in the world by per capita gross domestic product, and has the highest wealth per adult (financial and non-financial assets) of any country in the world. Zurich and Geneva have respectively been ranked as the cities with the second and eighth highest quality of life in the world It has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity. It is...
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...Essay Assignment Cover Sheet Assignment Topic: Pegging HKD to USD vs. pegging HKD to CNY Course: Course Code: Instructor: International Financial Management EF 5143 Dr. Du Du Student Name and SID: Li Xing, 53680125 Lin Lin, 53834131 Chen Shu, 53684900 Zhang Rui, 95651546 Abstract The dollar- linked exchange rate system in HK was put into operation in 1983 and was always regarded as the footstone of stabilizing HK economy since then. However, 30 years later, great changes both inside and outside have taken place in Hong Kong. Now, a series of economic and social problems associated emerge with the Hong Kong's present exchange rate arrangement- linking HKD to USD. Is the dollar-linked exchange rate system still suitable for HK? Will the Hong Kong monetary authority have other better choices? In order to resolve the above questions, our report was divided into four main parts to analyze and discuss this issue. First, we discussed the reasons for choosing dollar- linked and also the disadvantages of linking HKD to USD that we assessed both in theory and fact. Then, we focused on the potential benefits of HKD linked with CNY before we analyzed the disadvantages. Later, we talked about a larger issue – dollarization and compared HK with Switzerland and Singapore before we came to our conclusions that HK should give up existed linking exchange rate system and adopt managed floating arrangement. Keywords: Linked exchange rate system, Hong Kong dollar, United State...
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...spend generously on R&D, intellectual property protection is generally strong and the country’s public institutions are transparent and stable. Switzerland's major industries include tourism, the provision of banking, insurance and financial services, watch-making, precision instrument manufacturing and chemical manufacturing. The service sector contributes more than 70% of Switzerland's economy, and much of that is financial services. Over 200 thousand Swiss jobs are in banking, which represents~ 5% of the whole Swiss workforce, and they are not the worst paid ones. Switzerland is said to be the world's biggest center of private banking, with more than a third of all private wealth based there. Economic Indictors Switzerland hosts approximately eight million citizens with a GDP country rank of 37 out of 192 countries as of 2013. GDP Per Capita PPP steadily increased over the past five years from $47,317 in 2009 to $53,750, an average increase per year of 3%. The country’s economy experienced significant growth with a GDP Grow Rate of -1.94% in 2009 increased to 2.95% in 2010 and slightly decreasing to 2% in 2013. Switzerland also has experienced a low level unemployment rates and inflation rates over the past few years. Unemployment rates have ranged from 4% to 4.6% during years 2009-2012 (4.2%) and inflation rates have ranged from -.67% to .07% (-.67% in 2012)during the same period; both indicators are significantly lower than United States with an...
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...position and risks of launch products in the new market. Then, it will provide a Swiss environment analysis and Swiss market analysis. After that, this research will offer the SWOT analysis and sales forecast of Jack-up Switzerland Company. Finally, the article will discuss the advertising and promotion strategies that Jack-up will utilize. Introduction Jack-up is a leading beverage company in the United States. The company owns over 10 plants in the U.S. engaged in the production of soft drinks such as bottled water, carbonates, concentrates, vegetable juice, fruit juice, coffee, and Tea. In order to expand its business in European market, the company plan to launch products in Switzerland. Totally, Jack-up will launch 5 categories of soft beverages which include bottled water, concentrates, vegetable/ fruit juice, coffee, and Tea. The company will launch carbonated drinks because of lacking ability to compete with the strong competitor Coca-Cola at the beginning of stepping into Swiss market. Since Jack-up has a good reputation in USA, the company will keep using “Jack up” as the brand name and company name in the new market. For packaging, Jack-up will use PET bottles because it is light and recyclable. This packaging is not only easy to carry but also good for environment. Also, PET bottles are the most popular packages in Switzerland. According to the recent survey, 90 percent of Swiss soft beverages are using PET bottles as packages (Soft drinks packaging in...
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...complex and detailed information required for decision-making in relation to investments. This publication incorporates the regulations effective as of 31 August 2013. For our latest publications please browse our web site; www.kpmg.com.pk. © 2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Glossary BOI CY FCY FDI FY GDP GoP KSE PKR SBP SECP USD Board of Investment Calendar year Foreign Currency Foreign Direct Investment Fiscal year ended 30 June Gross Domestic Product Government of Pakistan Karachi Stock Exchange Pakistan Rupee State Bank of Pakistan Securities & Exchange Commission of Pakistan United States Dollar © 2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Contents Overview of the Economy Sector Outlook Regulatory Framework for Investors in Pakistan Mergers, Acquisitions & Reorganization Foreign...
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...complex and detailed information required for decision-making in relation to investments. This publication incorporates the regulations effective as of 31 August 2013. For our latest publications please browse our web site; www.kpmg.com.pk. © 2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Glossary BOI CY FCY FDI FY GDP GoP KSE PKR SBP SECP USD Board of Investment Calendar year Foreign Currency Foreign Direct Investment Fiscal year ended 30 June Gross Domestic Product Government of Pakistan Karachi Stock Exchange Pakistan Rupee State Bank of Pakistan Securities & Exchange Commission of Pakistan United States Dollar © 2013 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Contents Overview of the Economy Sector Outlook Regulatory Framework for Investors in Pakistan Mergers, Acquisitions & Reorganization Foreign...
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...2: Why have the unfavorable foreign exchange movements made the Swiss franc a “currency from hell,” according to a lot of Swiss firms, managers and employees? Since 2008, the Swiss franc has significantly begun in the appreciation of its currency against the Euro and some other major currencies. Though Swiss franc is being one of a safe haven currency, but this appreciation of unfavorable currency exchange movement can challengingly affect to the firms, managers and employees as a whole. The currency of Swiss franc was considered to be massively appreciated since a debt crisis and subsequent global recession broke out in peripheral euro countries which result in the weakness in the euro. It threatens the development of the country and financial stability in the whole of Europe. According to the Swiss Federal Department of Finance (FDF) report, the Swiss franc significantly appreciated by approximately 48% against the euro between the start of August 2009 and the start of August 2011, and also against other major currencies such as the US dollar. Another main reason for this Swiss franc appreciation is the fact that investors increasingly seek secure investments during times of crisis. As the Swiss franc is seen as extremely safe haven, many investors take refuge in this currency, therefore increasing in demand and thus creating upward pressure (Federal Department of Finance, 2011). This rapid Swiss franc appreciation directly impacts on a large scale of country’s economy...
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...I. Cultural Analysis Introduction : Switzerland is a landlocked country geographically divided between the Alps, the Central Plateau and the Jura. Its area is 41,285 km2 (15,940 sq mi). The Swiss population of approximately 7.8 million people concentrates mostly on the Plateau, where the largest cities are to be found. Among them are the two global cities and economic centers of Zürich and Geneva. Switzerland is one of the richest countries in the world by per capita gross domestic product, with a nominal per capita GDP of $67,384. Switzerland also has one of the world's largest account balances as a percentage of GDP, only placing behind a few oil producing countries. Zürich and Geneva have respectively been ranked as the cities with the second and third highest quality of life in the world. In 2010, World Economic Forum deemed Switzerland the world's most competitive country. II. Brief discussion of the country’s relevant history Switzerland’s geographical position with its transit routes over the Alps made it a desirable possession for European great powers through the ages. Switzerland developed slowly over many centuries, as more and more regions came together to form a loose confederation whose members gave each other mutual support. At times their different interests stretched the bonds between them almost to breaking point. It was only in 1848 that Switzerland became a more centralized federal state. This favored its economic development and ended any possibility...
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...International Marketing MKT 466- Country Paper Switzerland Including Sunglass Campaign Presented by: Eileen D. Klingsiek Fall Semester 2009/2010 International Marketing MKT466 Country Paper- Switzerland 1.0 Introduction 2.0 Background 2.1 History 2.2 Geography 2.2.1 The three main regions 2.3 Climate 2.4 Demographics 2.5 Religion 2.6 Culture 2.7 Infrastructure and Environment 2.8 Education 2.9 Politics 2.10 Foreign Relations and International Institutions 3.0 Hofstede’s Cultural Model 3.1 Individualism/ Collectivism 3.2 Uncertainty Avoidance 3.3 Power Distance 3.4 Masculinity/ Femininity 4.0 Sunglass Campaign 4.1 4.2 Lifestyle & Leisure 4.3 Climate 4.4 Infrastructure 4.5 Product Price Range 4.6 Product Positioning 4.7 ` Potential Market/ Target Market Media Strategy 5.0 Conclusion 6.0 Personal Reflection 7.0 Work 2|Page International Marketing MKT466 Country Paper- Switzerland Introduction Every Marketing campaign starts with devising the “4 – Ps,” price, product, promotion and distribution. Being successful in business in the international sector understands and adapts to one individual idea: culture. Culture is the most influential uncontrollable environmental force in international marketing (Cateora and Graham, 2007). Due to the fact that the world is ethnically diverse and each ethnicity holds their own traditions, a...
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