Introduction Caterpillar Inc., probably better known as “CAT” throughout the world, headquartered in Peoria, Illinois, is a world leader in the manufacture of construction and mining equipment to include diesel and natural gas engines. It also has a financial services branch, Caterpillar Financial Services, earning approximately 7% of Caterpillar’s revenue by providing financing to many of Caterpillar’s customers who purchase its construction and mining equipment (Caterpillar, Inc., 2012).
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significant contributor to Australian economy (Maddock and McLean 1987) determines its need to pay close attention to the opportunities and threats posed by the global economic environment (Blainey 2003). For example, slowdown in China's economic growth and recent European economic recession have impact on Australia's resource exports (Stevens 2012). The Australian mining industry which has once benefited from the surge in demand driven by the rapid growth of emerging economies in Asia since 2003 and the
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The strongest FDI growth rates are expected for India, followed by Brazil, Russia and China. The China’s slower growth is strong basis it is already has today. The India catches up to china, it around 70% of china’s FDI inflows as early as 2014. Consideration for implications to global business environment: The session for first sub-theme considered the issues of improved global governance as way of addressing
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overview and macro analysis of some key trends in globalization is changing or will change America and the rest of world. Firstly, America great again, he argued that America's economy has experienced the least impacts of globalization comparing to other economies around the world. As an example, the percent of Gross National Product (GNP), exports account sequentially 52 percent, 32 percent, 27 percent for Germany's, UK's, China's economy and only 14 percent of America's economy. For this lesser
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Chinese companies are winning over European multinationals in Africa - Why have Chinese companies found the emerging markets of Africa less risky and a more attractive proposition than western multinationals? - MSc BD7 Ping SUI Introduction: As an important global player and the main drive for economical growth, China’s massive investment in Africa has drawn the world’s attention. People can see European multinationals everywhere in Africa in the 80s, while now Chinese companies seem
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lower net worth (Bianco, 2008). Due to the interconnected economies, the impact of the crisis spread beyond the US and resulted in a global financial crisis. | | | 1. | | | 2. | | | 3. | | | 4. | | | 5. | | | | | | | | | | 1. | | | | | | | 1. | | | 2. | | | 3. | | | | | | GDP: GDP growth (%): Considering that China’s GDP was only a third of the USA’s, its fiscal stimulus package
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negotiate their way to the top (Narlikar, 2010). This analysis seeks to answer the following question: will rising powers integrate into today’s world trade order? This analysis will begin by discussing how the emergence of the developing world within the WTO has affected the institution, followed by a discussion on the resistance shown by developed nations in welcoming emerging economies into the international arena. The emergence of developing economies has had positive and negative impacts on the effectiveness
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global strategy plan. It is thus essential that the interaction among independent variables is considered in the determination of global expansion strategy. This paper suggests that in comparative application of China´s economy of internationalization process to most of other
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International Business Introduction Although the World Trade Organization (WTO) was formed in 1995, its predecessor, General Agreement on Tariffs and Trade (GATT) was formed in the 1947. The occurrence of the World War II proved the failure of the World War I’s Versailles Treaty. This made the finance ministers at the Bretton Woods Conference to create a new international monetary system that would be a backing in implementing the post-war reconstructions, stabilizing the economic condition and
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authorities are both fuelling this travel boom. China has become one of the world’s most-watched and hottest inbound and outbound tourist markets. The world is on the cusp of a sustained Chinese tourism boom. ( Factbox- Basic Facts about China`s economy). China is the third most visited country in the world. The number of overseas tourists was 55.98 million in 2010. Foreign exchange income was 45.8 billion U.S. dollars, the world's fourth largest in 2010. The number of domestic tourist visits
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