...China's Xiaomi. It uses a similar supply chain, but slightly fewer parts are imported: the growing sophistication of Chinese manufacturers means that more components are being made at home. The rapid spread and subsequent slight retreat of such far-flung supply chains provides one possible explanation to a puzzle that is troubling policymakers: why international trade has been growing no faster than global GDP in the past few years. The notion of "peak trade" is being taken increasingly seriously. The composition of global demand could yet move back towards greater trade intensity, for several reasons. Whether trade is declining relative to GDP and why may not be clear for years. Yet one thing is: were more barriers to be lifted, especially in areas like services and farming where many still remain, it would probably lead to a new spurt in the evolution of supply chains that would lift trade far above today's "peak". Fears are growing that trade's share of the world's GDP has peaked. But that is far from certain WHEN Apple launched the iPhone in 2007, it deployed a state-of-the-art global supply chain. Although the pioneering smartphone was designed in America, and sold first to consumers there, it arrived in stores from Shenzhen, China. It had been assembled there by Foxconn International from parts made by two firms in Singapore, six in Taiwan and two in America. Since then, competition in smartphones has intensified thanks to lower-cost rivals such as China's Xiaomi. It uses...
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...BACHELOR IN BUSINESS MARKETING GLOBAL MARKETING MKTG 1064 MACRO-ENVIRONMENTAL RESEARCH PAPER ZOUK™ PREPARED BY LEE MIN XIA | S3450919 | IAN DING RENJIE | S3417607 | PEH WEI DONG | S3421052 | LEO JU JUN JOEL | S3417638 | LEE HUI PING, DIANA | S3475121 | JESSICA AW JIE QI | S3475095 | PREPARED FOR NG LEE CHER WORD COUNT 2092 WORDS Zouk ™ MACRO-ENVIRONMENTAL RESEARCH PAPER Executive Summary Zouk™ has withstood the test of time in the dynamic party scene in Singapore since 1991. With its distinctive sound and global recognition, Zouk™ has become a mecca for local club-goers and even tourists. Over the years, Zouk™ also has a tradition to hold a mega annual music dance event, ZoukOut, successfully attracting attendees from all over the world since 2000. Currently, Zouk™ only has one expansion outside of Singapore, located in Kuala Lumpur, Malaysia. The fast emerging economy in China makes it a highly opportunistic and viable country for Zouk™ to expand into. China is a highly populous country with a positively progressive economy. This report will have a detailed macro analysis of China, delving deeper in Shanghai. China is actively reviewing and introducing policies to improve on their economy. The Open Door policy and the ‘Third Plenum’ are policies that are advantageous for foreign companies. These policies encourage trade between China and the world, and have greatly contributed to the boost in the economy. However, investors have to ensure that they abide strictly...
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...Bigger, Stronger, Faster For quite some time now, people have wanted to become a physically stronger person. Most people whether they just want to gain muscle mass or become a stronger athlete, would go to the gym and put in hours on end doing whatever it takes to reach their goals. When people push their body to limits to finally reach their goals, they feel like they can accomplish anything they want, so they figure they can push it even further to surpass their goals. People who think have this mindset will start supplementing to push their bodies even further than before. When they have reached their max, they still have that mindset of exceeding their goals and resort to a drug that has been around the 50s. When steroids first became available in the public market, the drug was unregulated and anyone could buy and use it for whatever they wanted. It took about forty years for it become regulated, regulations put steroids as a schedule 3 under the controlled substance act making its possession illegal without a prescription. Steroids are one of the most controversial substances to ever be made and are still common today. There are mainly two uses of steroids, medicinal and performance enhancing. Medicinally used steroids can be used to treat anything from a rash to asthma. There are about three names for steroids; corticosteroids, used medically, and anabolic steroids or HGH which in the athletic world is used to boost performance or in the medical field to replace sex...
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...University of Nottingham Ningbo China Business School Academic Year 2013/14 Autumn Semester Entrepreneurship and Business Maris Farquharson Discuss the relationship between entrepreneurship, innovation and economic development. Yasong Zhao Student ID: 6511938 Word Count:1994 1. Introduction Over the past decade or so, the term entrepreneurship has become a fashionable way to describing the attempts at large-scale change by individuals and organizations. During this procedure, Innovation as the most important component of entrepreneurship is at a leading place, whereas, the combination of the two is vital to economic growth and sustainability in today’s dynamic and changing business environment. As a result, exploring the synergy relationship (either conceptual or practical) between entrepreneurship, innovation and economic development is gaining significance. They are complementary and related to each other, not at an initial stage of a new venture; rather they are dynamic and holistic processes. This integrative interaction between the three has had a positive and comprehensive impact to the whole society. Therefore, the role of sustainability is highlighted as the guidance to entrepreneurial and innovative decision making in the organisations or by individuals. This paper will first look into the relationship of the three by discussing each two of them, and then focus on the importance of sustainability from ecology, economy and social levels. 2. Relationship between...
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...starvation. The sectors of banking which comprises Insurance and Micro-credit industries are not open to foreign investors, though Ethiopia had huge inflows of investment in other commercial agricultural sectors like leather and textile. The graph shows Ethiopian economy’s sector-wise performance from the year 2004 to 2010. The agricultural sector has seen constant decline from 65% to 30% chiefly due to minimal rainfall. Soil is not fertile for the harvesting, so the crops were not growing properly. In industry sector emerging as it can be seen from growth up to 60% in 2010 as compare to 20% in 2004. The service sector has shown no sign of improvement as it remains constant at 10%. The Ethiopian constitution grants the ownership titles of lands to the government which in turn provides it to the tenants on long-term leases. More recognizable rights are granted to the tenants with continued occupancy . While the Ethiopian GDP growth has continued to remain high, their income...
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...INTRODUCTION 2 2. THE IMPACT OF SERVICE SECTOR IN CHINA 2 3. DIFFERENCES AND GAPS 4 4. OBSTACLES AND RESTRICTIONS 6 5. RECOMMANDATIONS AND CONCLUSION 10 REFERENCES 12 1. INTRODUCTION The result of the market-oriented reforms in China along with its opening up to the outside world were rapid industrialization and integration in international trade. The service sector has perceived a fast, continued development and has made huge contributions to the overall economy in terms of its share of gross domestic product (GDP) and employment. The increasing of the service sector has caught up with the manufacturing sector, which indicates that China is moving into a new stage of development with both sectors driving economic growth. As China is a developing country with a middle-income status, the development of the service sector has been inadequate and has lagged behind its overall stage of development according to international norms. The gap in the development of the service sector between China and the developed countries and also some...
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...Entrepreneurship is usually thought to be of the simple action of starting your own business and running it. However, the true meaning of being an entrepreneur is much deeper than that. The must justifiable definition of entrepreneurship is a process through which individuals identify opportunities, allocate resources, and create value. This creation of value is often through the identification of unmet needs or through the identification of opportunities for change. Entrepreneurs see “problems” as “opportunities” then take action to identify the solutions to those problems and the customers who will pay to have those problems solved. One can judge entrepreneurial success of an entrepreneur as his ability to see opportunities in the marketplace, initiate change or take advantage of change and create value through solutions. “Innovation” as a word is often as a word under the context of simply a “new” product; however the true meaning of the word innovation is way more complex than just coming up with a new product. A business or an entrepreneur is not REALLY innovative if a random idea is turned into a reality. Innovation truly occurs when “change” is what the new product brings. In essence, there was a certain way people used to do things and with this “innovative” product, there is a new, different, probably easier way in which they do same things. Product offering, service, business model or operations: These areas widen the scope of innovation beyond the popular culture sense...
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...Economic growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms, i.e. Inflation-adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods produced. ( Wikipedia, 10th december 2012) Executive summary- Economic growth is the growth what every economy and country are desperate to achieve for the sake of the country’s population. The aim is produce more and goods in order to increase the standard of living simply by increasing the wages of mass population. Increasing standard of living is to provide quality food, better and better service and education, latest technology in order to ease everyday’s life. The expectation in order to achieve faster growth are usually are on the rise in the hope of building better and prosperous country. Economic growth is considered to be a positive to be a positive side of an economy but at what extent? A countries economic growth is visible by its infrastructure, urban development, globalization, higher education rate; create employment and higher wages for poor worker and many other positive changes. When the demand of economic growth there are a few who thinks of the negative effect it might have. There are many negative concerns about faster economic growth and this is environmental issues, sometimes...
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...Economic Growth * Aggregate production function relates the aggregate output (Y) to: (a) Physical capital (b) Labor (c) Index of aggregate productive efficiency Y = F(AL, K) * Y is a flow variable because it measures GDP in a given period * K and L are stock variables, can measure at a given point in time * Y measures the services produced by K and L in period or instant t (e.g. hours of computation and hour of labors affects output, not just number of computers) * Y = 100K + 40L * One computer works 100 hours per week; each labor works 40 hours a week. If there are 2 worker then L=2; computer = 4 then K=4 * Assume economy is working at full potential * Capital is depreciated at constant proportionate rate, * L is assumed to be homogenous (everyone has same skill, education, productivity) and it grows at rate n. * If n>0 growing exponentially, n<0 declining exponentially, n=0 stagnant * Growth of labour is due to growth of population * A is defined as costless labour-augmenting technological progress * A multiplies the labour input, while leaving capital unchanged (e.g.: new organization routines, rearrangement of the flow of material in a factory, better management of inventory, other changes that do not require knowledge to be embodied in new equipment) * A is also known as index of productive efficiency or index of productivity or level of technology * A grows at an exponential rate of g;...
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...Introduction : The strategy can be defining as " the direction and scope of an organization over the long term" .So many companies only have been small or large should be to have an effective and successful strategy to achieve its growth goals in the market. Where to put effective strategies to help it's to enter the competition in the local or international markets. And strategic planning includes the ability to predict the capacity and compatibility between self-organization capabilities and opportunities or threats from the external environment. In addition , it helps to increase the ability of companies to confrontation highly competitive in the market and also able to make effective use of resources. This assignment will discuss the various factors that relate to "Tesco's" business in the US market. The importance and impact of environment Analysis for an Organization : Analysis of the environment plays an important role in the organizations or companies where it has many benefits which the existence of factors help in identifying opportunities or threats current or potential exposed in competitive markets or its external environment, such as: political factors, economic, social and technical, where it plays each of these factors an important role in the analysis of the environment, whether in the local or global market and can be affected directly or indirectly. Also, the analysis of the environment helps to develop a strategy of any organization and that by different...
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...Mexico has not sustained higher rates of economic development, by a malfunction of the credit markets and distortions in the input source is not traded, and perverse incentives that cause lack of formality and create a drag on productivity growth. “Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment, achieving fiscal discipline, and privatizing state owned enterprises. Despite these efforts, the country’s economic growth has been lackluster, trailing that of many other developing nations.” There are a lot of reasons why Mexico isn’t rich but in the paper the author describe four as the principal reasons: 1. The failures in the provision of credit. 2. Informality and its link with social policy. 3. The lack of regulation and the unequal concentration of power in monopolies. 4. Vulnerability to foreign trade, particularly the export growth of China. The granting of credit is critical to the economic development process. Without mechanisms to move savings from lenders to borrowers, the country is unlikely to seize opportunities for productive investment. one possibility is that Mexican law makes it particularly difficult for banks repossessed the defaulters and is linked to the other possible explanation is that lenders will not lend to people who perceive themselves as poor criteria or risky, due to the weakness of the law enforcement if they do not...
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...economic improvement in foreign and international trade area, whereas, it also has brought some problems underlying the surface economy boom. And as some experts’ sayings, the disadvantages are far more than the advantages that WTO has brought along these 12 years’ development based on the analysis on the current economic environment, which has also been a challenge to China’s economy and future development from my point of view. The benefits that WTO has brought into China As some experts’ saying, China’s accession would definitely have a tremendous impact on the economic environment as well as international trade because China is a big country in the world. Firstly, it had already brought about an obvious economic growth in China. China has achieved big economic growth since the opening-up policy implemented in 1978. For example, according to China Statistics Yearbook 2000, China’s GDP number in 1999,...
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...ASEAN IN TODAY’S WORLD 2013 The Economic Structure and Employment of the Philippines This paper is written to accomplish the requirement of ASEAN Economics Studies of ASEAN Today’s World 2013 in Ateneo de Manila University, Philippines Lecturer: Prof. Victor S. Venida, Ph.D. Written by: Nur Isnaini Masyithoh Faculty of Economics and Business Universitas Gadjah Mada 2013 I. Background Sectorial Structures of World Economies According to World Bank, one way to determine the structure of economy is by analyzing its three main sectors; agriculture, industry, and services in the country’s total output and employment. Initially, the agriculture is the main sector of developing countries. The shift comes to industrialization and post-industrialization. Industrialization assumed to increase and replace the agriculture because modernization refers to specialization of economic function, monetization of transaction, and homogenization of goods and services (Venida, 2000). The homogenization is formed by the improvement and innovation in technology enhancing the agricultural products. As the requirement of productivity and quality in agriculture increases, the innovation and function of technology has become the obstacle of the growing industry. Source: World Bank (http://www.worldbank.org/depweb/beyond/beyondco/beg_09.pdf) As the income rises, goods become immaterial. People no longer rely on materials since needs are already satisfied. Instead, they will concern about services including...
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...AFGHANISTAN Economic Freedom Score 25 Least free 0 50 75 100 free Most World Rank: Not Ranked Regional Rank: Not Ranked This economy is not graded Freedom Trend economic not be graded A fghanistan’slack of officialfreedom couldare not comprebecause of a reliable comparable data. The government’s compilations of economic data hensive, and many of the international sources relied upon for Index grading contain incomplete data on Afghanistan. This assessment is based on the limited data available from government and international sources. Over the past 10 years, Afghanistan has undergone a challenging economic transition requiring significant institutional development. Growth rates have been high but volatile. Real GDP growth, driven mainly by agriculture and construction, has averaged almost 10 percent over the past five years. Large volumes of foreign aid have yielded some improvements in such areas as health and education. Operating under difficult developmental circumstances, Afghanistan remains severely burdened by numerous systemic shortcomings worsened by ongoing security challenges. The government’s weakness, exacerbated by vested interests and corruption, has hindered politically difficult policy reforms and eroded trust. Previously implemented reform measures have not been sustained, with political uncertainties further undermining progress in economic reconstruction. BACKGROUND: President Hamid Karzai is constitutionally required to hand power...
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...The world saw a dramatic growth in real GDP per capita during the 19 and 20 century. This was the most significant advance in the history of the world. I believe that technological progress accounts for the largest parts of the sharp rise in real world GDP per capita over the last two centuries. Until the 18th century, the real world GDP per capita almost remained stable. In the 19th century, the Industrial Revolution occurred in Great Britain. The inventions such as the steam engine encouraged entrepreneurs to start new business as well as stimulated demand for capital. The profits that entrepreneurs made were allocated to savings, which in turn was invested in equipment and technology research and development. In other words, the development and innovation of technology, combined with rapid capital accumulation, accelerated the world productivity growth. The Industrial Revolution spread to Western Europe and the United States. This caused the world economy to surge exponentially. In the 20th century, the world achieved higher economic growth thorough further progressive technical innovations. At the beginning of the 20th century, the mass production method was introduced in the US and later popularized across the world. This means that the world explosively increased the supply side capacities. In addition, because of the liberalization of trade in goods and services and investment, the world economy has expanded further. In conclusion, the real world GDP per capita...
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