These reforms led to China’s integration into the global economy, which promoted growth and development. Since the integration of China to the global economy, its annual growth of real GDP has averaged 10% between 2004 and 2008, which is very high. However, due to the Global Financial Crisis (GFC), this rate of growth in real GDP slowed down to 8.7% in 2009. China’s government, suspecting this, implemented a US$586b fiscal stimulus package in November 2008 to maintain a growth of 8% between 2009 and 2012. This stimulus package did greatly for China’s growth as its real GDP was at 10% in 2010 and 9.2% in 2011.
Assignment: #4 Case #10 Nucor Corporation BUS 599 Discuss the trends in the steel industry and how it may impact Nucor’s strategy. After the 2008 financial and economic crisis, the world steel industry’s recovery has been uneven, but it is recovering faster than expected. The global steel production declined from 129 million metric tons (mmt) in March 2011 to 127 million metric tons in April 2011. However, production increased 5 percent from April 2010. As of the April 2011 first quarter reporting, the United States has produced 28.3 mmt, which is up 6.8% from the same period last year [ (Leybovich, 2011) ].
Growth prospects and earnings 3. Qualitative analysis of industry and competitive position 4. Management track record and competency The purpose of this report is to analyze and select an investment, while placing an emphasis on conservative and consistent accounting policies. Industry The Canadian retail industry has been greatly impacted by the recent recession, leading to greater price consciousness amongst consumers. Specifically, the home improvement industry has contracted by 1.2% in 2009.
1. UST: profile and risks The U.S. smokeless tobacco industry generated revenue of $2 billion in 1998 with moist smokeless tobacco contributing for 50% of the total. UST was the leading company in moist smokeless tobacco industry with a control of about 77% of the market. Moist smokeless tobacco was the fastest growing segment in tobacco industry with an annual growth rate of 3.7% compared to the annual decline of 2% in cigarettes volume in the period from 1980 to 2000. Main factors that contributed to this trend are the increased smoking bans and consumers’ perception of moist smokeless tobacco as less risky than cigarettes for health.
Fuel expenses grew at a faster rate than sales, fuel costs although seeing a fall off in 2009 by 20.52% rose by 29% in 2010. These costs continue to a major challenge for the company as referenced in the 2010’s annual report. Likewise, generation expenses will also increase when fuel increases as oil is the largest expense in that process. Due to efficiencies in the generating plant, the increases in costs were lower than that of fuel. Distribution expenses rose significantly in 2010 by 10.12% from 1.18% in 2009.This was as a result of Hurricane Tomas in 2010 as the distribution network was significantly impacted when several power lies were damaged.
United States role in the Global Economy 999 071 244 ECN 607 Teresa Fung 4/13/2011 Jane Svirski The United States is the largest economy in the world. This essay outlines its role in the world economy and how the problems of its external and fiscal imbalances affect growth in other parts of the world. The United States of America (U.S. or USA) is the largest economy in the world. It has enjoyed this role since World War II. In 2010 USAs estimated GDP per capita was $47,400, with PPP of $14.72 trillion.
Shell’s net income also rose to $6.98 billion in the 3rd quarter of 2011, an increase of 100% from the previous year. Does it even seem possible that these companies have posted such high earnings while the rest of the world is in a recession? While oil prices rose due to instability in the Middle East, specifically Libya, oil production was completely halted. How is that feasible in a highly regulated industry? To effectively delve into this topic, we need to examine this from two standpoints: ethical and legal.
The 2012 net income of $44.88B reported showed a 9.30% growth of $3.82B compared to the $41.06B in net income reported in 2011 (ExxonMobil Corporation, 2013). While the amount of growth is substantial when standing alone, it was modest when comparing the 2010 and 2011 reporting periods. That time frame saw a 34.80% growth which equaled $10.60B (ExxonMobil Corporation, 2012). When considering ExxonMobil’s cash flow, one finds that cash flow for 2012 was a negative $3.08B. The company’s cash and cash equivalents started the year with $12.66B and ended with $9.58B, a 24.83% drop during the year.
Paul Geary 10109099 Project A: Okun’s Law United States 4th March 2011 Above we see the Business Cycle for the United States displaying both the Unemployment rates and the Real Growth GDP in percentage change over the last 30 years. There are clear indicators that the US economy has had clear stages of economic over-cooling and over-heating during the last 30 years. Between 1981-1985 the US economy expanded greatly except for a 4% drop in 1983. This rapid expansion was clearly unsustainable, as we see with the gradual contraction in the size of the economy from 1986 to1992 where GDP was barely 1% and unemployment reached 7%. We see this again from 2004 all the way to 2010 with unemployment increasing to 10%.
Despite a terrible current account deficit (USD800), the USD is heading towards a 140 JPY/USD level. There are 2 main reasons to explain the USD level in 2005. The first one is that thanks to a rising interest rates policy led by the FED (4.75%), the USD rose. Indeed high interest rates attracted Foreign Direct Investments (FDI), for example when the oil price increase a lot of oil exporting countries received a surplus in dollars and invested this surplus in US treasury bonds, and it helped to keep a strong USD. In the same time, the bank of Japan (BoJ) kept its interest rate close to zero.