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 ...
Essays on Global Economic Crisis
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Volkswagen vs Ford
Introduction Volkswagen and Ford are both family businesses working in the global automotive industry. In 2015 worldwide 73.9 million of passenger cars were sold in the global automobile markets along with the 86.56 cars produced. The biggest automotive markets can be found in China and in the United States. The biggest automotive suppliers in the industry are from Asia and Europe and include Bosch with steering systems, Continental in the area of tire manufacturing, Denso and Magna. The size of automotive supplier market worldwide is estimated at €620bn (The Statistics Portal, 2016). Those suppliers are currently faced with the ...
Abstract
This study used Al Ahli Bank of Kuwait to complete research on the effects of the global economic crisis on the financial performance of conventional banks in Kuwait over the period from 2000-2015. The study results show that the global economic crisis does not have a statistically significant impact on the financial performance of conventional banks in Kuwait. However, the study finds out that some macroeconomic conditions such as equity and bank size are very crucial to traditional banks’ profitability. Increasing the owner's equity was found to decrease the impact of the financial crisis on the conventional banks in ...
Introduction
In the contemporary world, the rise of travel and tourism industries has shown a tremendous resilience, which has been among the main contributors to the growth of hotels real estate in various countries. Thailand is among the countries that have been significantly affected by the geopolitical tensions and economic instability. In 2008, Thailand experience violent clashes that resulted in approximately 9 percent decline in average tourist spending. This also resulted in the closure of the international airports, which consequently decreased tourists and investors' confidence. However, over the past few years, the country has experienced tremendous growth in the tourism ...
Israel Capital Market
- The Banking Sector - General Description The banking sector in Israel is unique in nature comprising of high concentration and less competition. According to a report by the Bank of Israel increase in concentration in the banking sector in the country is a trend that commenced from 2011 after a period of reduced concentration between 2004 and 2011 (Aizescu, 2012). The high concentration levels in the Israeli banking sector is classified under “large monopolies”. This is because a significant proportion of the sectors in lie in between monopoly and free competition. This is the situation in Israel ...
Profit/loss analysis of year 200o-2012 of Delta airways and U.S. airways
In 2000, Delta airways made a profit of $ 1,459,357. In 2001, they made subsequent loses because of the effect of the 9/11 September attack. Because of the fear of terrorism and the fear of passengers getting bombed, many clients freaked from using air transportation. This is the same reason that also led to losses been incurred in 2001 by U.S airways. Delta airways recorded subsequent loses from 2002 to 2005 because of the issues of bankruptcy and failure to have money to conduct some of its ...
QUESTION 1: Why does Microsoft’s traditional strategy of “one-size-fits-all” not work well in emerging markets like India? What is different about these markets? How do customers differ both in their characteristics and in the way they use technology?
Microsoft employs a globalization strategy which entails the standardization of all products despite the market that it is targeting thus the “one-size-fits-all” tag, this strategy works on the premise that all markets have the same requirements thus the standardization.
However emerging markets such as India, China and Brazil have certain peculiarities that companies need to take into account before ...
Executive Summary
This paper provides background information on Indonesia, which is a prospective location for the expansion of Foxconn's operations, particularly for the establishment of its manufacturing facility.
Economic climate
- Indonesia incurred an economic growth of 6.1% and 6.4% in 2010 and 2011, respectively (CIA, n.d.). - The new government administration has introduced various financial reforms that further aid economic development. - It has managed to achieve growth even during the global economic crisis. - It is able to maintain low levels of debt. - Its credit rating has been upgraded to the investment grade in ...
Introduction
Globalization, also referred to as the process through which the world has become one single village has numerous effects (Gillespie & Hennessey, 2011, p. 16). The most notable effect of globalization is increased competition because all companies are in a position to access similar clientele. This poses a significant challenge many companies which are multinational in nature. This is because they have to devise new and better methods of attracting and retaining customers. The act of attracting and retaining customers is referred to as marketing (Chartier & Johnson, 2011, p. 211). Firms that operate globally engages in international strategic marketing, that is, marketing ...
Since the early civilizations, man has desired to establish his dominance to the world and find alternative means to improve living and sustain progress. The struggle to progress had been difficult and marred with conflict and mortalities despite the advent of technology and international politics. However, progress cannot be attained without consequences as several nations are now experiencing cases of extreme poverty and hunger, mortality and inequality even in developed Many proposals have been given by world leaders, especially on the issue of poverty, hunger, and child mortality, but none had been extensive as compared to the United Nations ...
The global economic crisis overview
The global economic crisis has been recorded as the most severe financial and economic crisis experienced across the world. Up to date, its aftermath is still being felt. This global crisis is known to have heard unprecedented effect on capital and credit. It took offshoot from financial markets in the United States. The contagion and impact ended up spreading unevenly all over the world. In this paper, I am going to discuss the effect and aftermath of the global economic crisis on the VLCC market in Nigeria, basing my argument on variables such as flight rate, other books, new ...
Introduction
Present document aims to enact the research of academic and business literature, related to the history, evolution and current organizational profiles of two organizations – Eastman Kodak and Fujifilm. Both companies are well-recognized and considered pioneers in image innovation and continue improvement practices. The analysis will look at the leadership and management approaches to innovation and draw parallels between two organizations under review. Additional research will touch upon other critical success factors that brought the companies to the current situation and the impact of corporate Social Responsibility (CS) practices on the profitability and productive capacity of the organizations. The culmination ...
Problem Statement
The Eleganzia Group is experiencing a significant decline in room occupancy, stiff competition from renowned group of hotels, decrease in revenues and regular changes in ownership rights. The global economic crisis is evident and Eleganzia Group must make a decision on how to circumvent this crisis. Should Eleganzia Group reduce their rates?
Objectives
The Eleganzia must continue being competitive in the hotel industry while offering quality service to its customers. Specific objectives include upholding customer value, extensive marketing strategy and continuous innovations.
Alternatives
- Include extras in the Half Board package - Move to Semi-Inclusive package instead of Half-Board room rate and ...
Report: Health – Politics, Policy, and Planning
Report: Health – Politics, Policy, and Planning 3 Executive Summary 3 Introduction 4
Links between Health Policies and Politics 5 Health Systems in the European Union (EU) 6 Health Policy Responses to the Financial Crisis in Europe 7 The Importance of Healthcare Planning 8 Conclusions 8 Recommendations 8
References: 9
Report: Health – Politics, Policy, and Planning Executive Summary This report discusses the concept of Universal Health Coverage (UHC), the links between healthcare and politics, the different types of health systems adopted by the nations of the European Union (EU) and the responses by ...
Report: Health – Politics, Policy, and Planning
Report: Health – Politics, Policy, and Planning 3 Executive Summary 3 Introduction 4
Links between Health Policies and Politics 5 Health Systems in the European Union (EU) 6 Health Policy Responses to the Financial Crisis in Europe 7 The Importance of Healthcare Planning 8 Conclusions 8 Recommendations 8
References: 9
Report: Health – Politics, Policy, and Planning Executive Summary This report discusses the concept of Universal Health Coverage (UHC), the links between healthcare and politics, the different types of health systems adopted by the nations of the European Union (EU) and the responses by ...
INDIVIDUAL STUDENT ESSAY
(Global Marketing)
Module Code: MC5057
List of figures II 1 Introduction 5 2 Decision to Internationalise 7 2.1 Nine Strategic Windows 8 2.2 SWOT Analysis 9 3 Decision-Making for Entering a Foreign Market 13 3.1 Canada13 3.1.1 Gross Domestic Product13 3.1.2 Restrictions for Saccharin14 3.2 Ukraine14 3.3.1 Gross Domestic Product14 3.3.2 Restrictions for Saccharin15 3.3.3. Inflation Rate15 3.3.4 Political Stability15 3.3 United States of America16 3.3.1 Gross Domestic Product16 3.3.2 Restrictions for Saccharin16 3.3.3 Inflation Rate16 3.3.4 Political Stability16 3.4 Germany16 3.4.1 Gross ...
Introduction
The term financial crisis has been used broadly to several situations whereby some financial institutions or assets face a sudden loss in a huge part of their value. The 19th and 20th centuries have encountered bank panics and recessions (Kindleberger & Aliber, 2005). Other situations related to financial crises include stock market crashes as earlier witnessed in the United States and bursting of financial bubbles, sovereign defaults and currency crises. What has been considered as the global financial crisis began in the United Kingdom and the United States of America following a significant standstill in the global credit market in July 2007. However, ...
Before the global financial crisis that rocked the entire globe, Japan had put in place a very robust financial system that according to economic experts was to insulate Japan from the pangs of global financial collapse. However, despite this, Japan was hardly hit by the global financial crisis significantly shrinking its economy (Zheng, 46). In the year 2007 before the peak of the economic recession lead economists pointed out that Japan was immune, the impacts of the US subprime loan problem, owing to the fact that Japan had limited exposure to “toxic” assets. In fact, the Japanese banking sector was ...
Hospitality management
Introduction One of the economic activities with a global aspect is tourism and hospitality. Tourism and hospitality take place in every part of the globe ranging from the world biggest capital cities to poor villages in the rural areas. The economic contribution of tourism in different countries has led to increased focus through increased funding. Hospitality and tourism are among the leading and the largest industries in the world. It is among the major sectors of the country's economy that contributes millions of dollars into the economies of the world annually (Harris Griffin & Williams 2002, p. 82). Tourism and ...
The Global Financial Crisis (‘GFC’) had a very dramatic impact on the domestic economies of a number of global nations, in a plethora of ways, typically replicating the fiscal and financial health of such nations. United Arab Emirates (UAE) was one such nation that had a serious impact of the GFC and since then the myriad challenges posed by the capital markets has been an interesting area of focus for the Middle East. UAE is one of the oil rich economies of the Middle East. During the initial and developing years of the last century UAE discovered new abundance and wealth from its ...
After the economic recession which started in 2007-2008, attempts have been made to recover from that crisis by various players both in the public and private sector. However, this recovery process has not been very successful, and there remain major economic challenges facing the global economy today.
Energy
The global cost of energy has been rising steadily since 2005, and the global economic crisis has not helped matters. The high cost of energy has been blamed for stagflation which continues to afflict many of the major world economies. With some economies like China and India showing a considerable thirst for oil, ...
Background information
Commonly known for its position as the world’s largest private employer, Wal-Mart Stores Inc has two million employees across the world. The organization, which is a retail business with well over 8500 stores under fifty names, operates in fifteen countries. According to Fortune 500, Wal-Mart Stores Inc was the third largest corporation in the world in the year 2012. The multinational retailer is headquartered in Benton Ville, Arkansas. The organization is best known for the way in which it treats its employees. The members of staff at Wal-Mart Stores Inc are referred to as associates. This is a unique strategy ...
In the current competitive global economy with increased globalization, international trade continues to play an imperative role in the US, as well as other global economies. The US has the most diverse and productive economy globally due to its engagement in the international trade. Although the majority of the US citizenry does not recognize the importance of international trade due lack of direct impact on their daily lives, it plays an essential role in the economy. For example, it is estimated that a combination of foreign direct investments and international trade comprise a third of US economy. International trade plays an ...
Introduction: Ford and GM History
The automobile industry is one of the largest job creators in the US. Most automakers are headquartered in Detroit, Michigan and they employ hundreds of thousands of workers. The ongoing recession has dented the prospects of the automakers like Ford and General Motors who have seen their sales dip and their volumes hit by the crisis. Indeed, the situation is so severe that GM had to be bailed out by the government. In this context, the history of the automakers like Ford and GM offers insights into how they work and how they intend to perform in the future. ...
The World Bank Organization accounted for foreign direct investment or FDI in Malaysia as the net inflows of investment, i.e., new investment inflows minus disinvestment, in Malaysia made by foreign investors. FDI has been viewedas an important factor that promotes economic growth since it is a source of financing and development, and contributes to productivity gains by creating new investment, better technology, management expertise and export markets (Roy &Mandal, 2012). In particular, empirical studies on the impact of FDI on developing countries revealed that it has favorable impact on productivity and growth (Rodan, 1961; Chenery& Stout, 1966), induces increasing returns ...
In recent news, the Greek Debt Crisis continues to escalate further given Greece’s continues debt despite the bailout funds provided by the EU, IMF, and the World Bank. Considered as one of the primary reasons for the on-going Eurozone crisis, the Greek Debt Crisis showcases not just the Greek government’s incapacities to improve its economic status but also the impact of an unstable economy to the remaining members of the Eurozone. Prior to the announcement of the Greek debt crisis, experts had already seen Greece’s economic instability that would prove fatal in the long-run and led ...
Introduction
The Philippines is a small country located in Asia’s South East Asian region. To its north lies Taiwan, China, and Korea; to the east lies the Pacific Ocean, to the west, Vietnam and its nearby countries; and to the south lies Malaysia and its nearby countries. The Philippines has a rich and long international history that dates back to the three hundred years of Spanish Occupation, which actually lead to a series of violent wars of revolution, in the 17th century. The objective of this paper is to present a comprehensive discussion of this country, focusing on political system and structural issues ...
Introduction
The following report represents an attempt to present a PESTEL analysis of the current world affairs. The report is divided into two sections, whereas the first section briefly describes ideas taken from literature, while the second is an analysis of the former, attended to evaluate the most important of these ideas.
PESTEL analysis of world affairs
The PESTEL analysis enables the forming of a realistic image of the situation in a certain area, as it takes into consideration all the aspects and concerns of modern life. However, due to many changes and occurrences in various parts of the world, performing such an analysis on a global scale is ...
Dubai and other countries found in the gulf region are among the countries that were affected by the global financial crises that took place in the year 2008(Zaki, 2012). According to Zaki, Dubai is one of the countries that have managed to eliminate the negative effects of the word recession. This can be confirmed from the fact that recovery in the real estate investment has been witnessed. Many people have started investing in real estate’s as before. The demand for houses in Dubai has increased and this is what has facilitated the motivation to engage in investment ...
Abstract
Since 2007, the European markets continued to experience a decline as several European nations had felt the consequences of applying the unstable Euro into their countries that had influenced the nation’s economic instability as seen in the case of Greece, Ireland, Italy, Spain, and Portugal. In recent news, the European debt crisis continues to prevail as the Eurozone reaches its all-time low for the past5 years as both strong and weak European markets now enter a state of recession that affects the entire world market. With the current European Debt Crisis continuing to influence the European markets, the United States may ...
A Study
The US Subprime crisis and its impact Introduction The United States subprime mortgage crisis was a chain of events in the country that led to a financial crisis that was one of the biggest in the world since the era of great depression of the 1928 -1933. It began in the late 2000’s and the effects of it are still being felt in 2012. The subprime mortgage crisis originated due to a number of factors. Those included a boom and the bust in the housing market, the house-owners speculation, improper and high risk mortgage loans and lending/borrowing practices adopted by ...
Table of content
Introduction 2
GDP per capita 3 GDP by sector 3 Important role of oil industry in GDP 3 Employment (foreign labor force in Saudi Arabia) 3 Inflation 4 Inward FDI 5 Effort of the government to increase economic development 7 Conclusion 8
Saudi Arabia is one of the world’s fast growing economies with much of its revenue being sustained by oil. The production of oil has been on the rise while taking into account oil prices in the international ...
Impact of sovereign debt on the performance of international equity markets
Introduction This essay analyses how sovereign debt problems initially faced by a few relatively small economies could trigger a wide impact on financial markets. The impact of the spill-over effect of sovereign debt is examined by using Greece as an example, whose economic GDP is only about 2% of the Euro Zone economy but its debt crisis has had a damaging impact on the financial markets across Europe and other parts of the world as well. The essay specifically examines the international performance of the bond market, thus analysing the extent to which the poor bond performance of one country ...
How has the current economic environment and the financial crisis of 2008 affected the real estate market in Dubai
It is now beyond doubt that Dubai and the entire Gulf region were affected by the global financial crisis of 2008. However Dubai has now managed to come back from the negative impact of the recession. This has translated into a recovery of the real estate market beginning the year 2010. Demand for properties has been on the rise as the economy began reviving and more employment opportunities being created. The point of concern in this paper is to review several literature materials in relation to the extent in which the market has been affected by the recent economic situation ...
Question 1
PEST analysis is used to describe components of the macro environment for strategic planning. It considers the political, economic, social, and technological factors of the external business environment. In context of the paper, several political, economic, social, and technological factors affect Aldi within the retail market. 1. Political Politically, different governments have different political stability, trade tariffs, trade restrictions, environmental laws, labor laws, and tax policies. Aldi supermarket has presence in three continents, North America, Europe, and Asian Pacific. Government interventions in these regions will affect how it conducts business in the local markets. The interventions within ...
Question 5
International Tax Systems: Approaches to Transfer Pricing Globalization is the new trend as companies are increasingly expanding beyond their domestic borders. Globalization is motivated by the need to seek new markets, diversify operations internationally, take advantage of differing tax laws among a myriad of other reasons. In order to take advantage of differing tax laws, multinational companies use transfer pricing. This paper discusses transfer pricing and the various approaches to transfer pricing. This paper will also discuss the recent developments in transfer pricing. Transfer pricing refers to the determination of prices for transfer of goods between subsidiaries both ...
The global economic crisis of 2007-2012 is described as the most serious economic, global crisis since the great depression. The signs of a global crisis started showing in mid 2007 and into 2008. According to Elliot (2011), the global financial crisis took place in five stages with the first phase of the global crisis began in around July/August 2007 with the apprehension in the banking system. The BNP Paribas announced it was bringing to an end its activities in three hedge funds that were particular to the US mortgage debt. This led to distrust among banks, they stopped doing business ...
Scientific Method is a process which researchers utilize in exploring observing and carrying out the necessary experiments in a bid to ascertain the reliability of collected information relating to a specific phenomenon. Accordingly, the methodology usually entails four major steps. These steps include observation, hypothesis, predicting and experimenting. Observation is basically the studying and describing a particular trend while the second step involves the formulation of a theory that seeks to explain the experience.
Observation may, in most cases, take into consideration previous studies. Consequently, the prediction phase relate to using the hypothesis formulated to make a prediction with reference to the observable facts. The ...
Questions on Seen Case Study
Question one:
Discuss how the changing technological environment present threats and opportunities to the outsourcing of production from any single country of your choice.
In the present day business environment outsourcing has served as one of the most popular tools for management in almost every organization. Many companies both private and public continue to increase their business operations through outsourcing some of their services to outside vendors. There is an increasing debate among company managers regarding what to outsource and what to produce internally (Eliot, 1998). The high rate of change in technology is posing a lot of threats to ...
In the year 2008, the entire world was plunged into financial crisis, Brazil were part of the crisis. The economy of Brazil was tremendously hit by the global economic crisis. In fact, in the early stages of the crisis, authorities and majority of the economic agents were comfortable; this was because some macroeconomic components in the economy were very stable. However, despite the expectation, brazilin was hit by the crisis after Lehman Brothers became bankrupt (Baer, 2008). Perhaps, the most felt crisis in Brazilian economy was by credit markets and external accounts. Certainly, what matters more in the 2008 ...
The recent global economic crisis exposed most of the world economies to recessionary pressures, stemming from the collapse of the subprime mortgage markets in the US in 2007, which reverberated across the world owing to the international reach and interdependence of financial markets. The UK’s economic suffered the pressures with the near collapse of Northern Rock, coupled with the faltering profitability of some its businesses. The UK grew by 0.5% in 2010 far below the country’s historical average of over 5%. The modest growth is however, a remarkable increase over the performance in 2010, which posted a 1.2% fall ...
Introduction
The success of a given economy in international trade greatly depends on the status of its currency as well as the decisions or rather policies that are put into place as far this issue is concerned. The United Kingdom is one of the countries or rather economies that has been said to be successive in international market, despite of the recent economic crisis that has been experienced worldwide in general and specifically, in America and Europe. The success of UK in the global economy is evident from the gradual increase of the number of exporters in the country. It is a ...