The 1920 – WWII The United States has the economic power in the world according to researchers. Japan, Germany, China, ext. all try to catch up to the United States but aren’t able too. They might have slightly higher standards of living but will never compare to the U.S. economically. The U.S. produces almost double than what japan produces.
1 Devdatta Bhattacharya, Section B Nucor at a crossroads Arena: Nucor has been very successful with its existing steel minimills, achieving consistent profits and maintaining worker productivity The steel industry is suffering from significant overcapacity; while total US capacity alone stands at about 133 million tons of production per year, the market consumed only 70 million tons of steel in 1986, leaving over 60 million tons of idled capacity The low-end structural products market is saturated with numerous small minimills competing against each other in a stagnant or shrinking market Nucor's only option for continued growth is to invest in new technology, an unproven thin-slab cast plant that would allow it to enter the market for flat sheet steel with a low minimum efficient scale and marginal cost of production Cost Advantage: Exhibits 12A and 12B of the case present information on costs and profitability for the production of hot and cold rolled sheet as produced by the proposed thin-slab minimill and by the integrated mills, the only current producers of flat-rolls. Table 1: Construction Costs for Flat-Rolled Product Plants Type of sheet Hot-rolled Cold-rolled Thin-slab Minimill $236 $450 Modernized Integrated: $451 $675 % Savings with Minimill: 48% 33% Table 2: Comparative Operating Data for Flat-Rolled Product Plants Thin-slab Minimill Cost per ton Revenue per ton Profit contribution per ton HR $225.00 $306.50 $81.50 CR $283.00 $390.50 $107.50 Modernized Integrated HR $261.50 $326.00 $64.50 CR $349 00 $454.50 $105.50 lJnmodernized Integrated HR $300.00 $325.00 $25.00 CR $403.00 $453.00 $50.00 So, the costs of introducing new capacity in the form of thin-slab minimills is significantly lower than in form of an integrated mill with savings of 48% or 33%, depending on the type of sheet (hot-rolled or cold-rolled) Advantage of
Have we ever had a middle class or poor president? It turns out we have, and some that have even gone bankrupt. After adjusting for inflation, the two wealthiest presidents in American history where George Washington and John F. Kennedy. Washington was worth over a half a billion dollars in today`s money. And his presidential salary was much higher than later presidents, totaling 2 percent of the U.S. budget for 1789.
During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913. The First and Second World Wars that occurred during the British Imperial Era may explain the decline of Britain as an economic power by 1950. During these wars, Britain had to invest heavily in munitions and equipment, borrowing heavily from the US to help fund its expenditure. With Britain indebted to America, and struggling to maintain an empire after the economic impact of the Second World War, it is unsurprising to see a decline in Britain's economic strength, with an increase in American economic influence. During the Cold War era, the USA's economic position may have been strengthened due to its increasing political influence as one of the world's leading powers alongside The USSR, which had a GDP that made up 10% of the world's economy in 1950.
When Ross Perot ran for president as a third party candidate in 1992, he argued that free trade with Mexico would result in massive job losses in the United States because Mexican wages were so low. Which of the following is the best explanation for why few economists agreed with Perot? 15. If MR < MC, a monopolist should: 16. Refer to the graph shown.
According to Exhibit 7a, Samsung’s prices per chip are on average higher by $0.72 than those of its competitors, or by 14.5%. Samsung has done to achieve like organizational and production. Organizational: - Recruiting: As the largest and one of the most prestigious companies in South Korea, Samsung can hire some of the most talented people in the country and elsewhere in Asia. Moreover, it pays for that (compare $44,000 average salary at Samsung vs. $24600 at Hynix, the other leading Korean firm). However, chances are that given the scarce use of incentives in Asia in the past and even at present, a more meritocratic company such as Samsung can attract talented people without overpaying them.
As America became an industrial giant she was in many ways still a small nation. America's international influence was minimal, in large part due to precedent set down by Washington and other early Presidents. In reality, though, America was not a powerful nation militarily and the level of business conducted internationally by American concerns was relatively small. The rapid growth of American industry forced business to look elsewhere and the government was obliged to help find markets for these products. The influence of industrialists and Social Darwinism is evident in the motivations for American expansion.
• Europe headquarters in Switzerland has $200 million in cash, which can gainfully be used to set up the manufacturing facility. • Europe has the edge in local suppliers and technical people, even though the wages are slightly lower in Ireland. Tools / Techniques/ Approaches for Analysis: SWOT Analysis Return on Assets Break-even
However Qwest was a company deep in debt and there were speculations that Qwest wanted this merger to materialize simply to boost its extremely weak balance sheet. Strengths and Weaknesses of MCI: Had a global customer base and provided products and services in 200 countries. It operated one of the most extensive communication networks in the world which comprised of over 100,000 route miles of network connections. Despite its customer base including 65% of fortune 1000 companies, MCI posted losses in year 2004. Although the communications sector had been badly hit after the 2001 terrorist attack, MCI suffered largely because of Technological Obsolescence.
Before the year of 2007, decades of impressive growth makes Iceland one of the most prosperous country in the world with GDP per capita (PPP-adjusted) growth of 2.8% (1950 – 1970); 5,2% (1970 – 1980); 0.8% (1980 -1995); 3.2% (1995 – 2005). Iceland was ranked 13th in its Business Competitive Index in the 2006 Global Competitive Report (GCR) and 12th in the World’s Bank “Doing Business” ranking. The country was enjoying high growth, low unemployment, high wage growth and low personal and corporate tax. Their workforce was well-skilled and the country was generally seen as an example of low corruption and limited bureaucracy. In reality, trade and financial policies implemented since 1944 and economic situation of other countries moved Iceland economy into recession in late 80s until mid 1990s.