miércoles, 25 de mayo de 2011
domingo, 15 de mayo de 2011
China outsourcing
China is a market offering that has a competitive advantage in production costs, especially labor-intensive processes work, with excellent quality - price.
Has occurred in recent years an increase in the value of exports from China and a substantial improvement in the quality of processes and products, maintaining a low wage level for the development of inland areas.
Thus it has become an attractive destination for companies looking to improve the efficiency of its supply chain and local outsourcing of certain product lines to improve their global market position.
Shown in the table below a comparison of the range of savings in production in China, according to a study by Boston Consulting Group in 2007, still reflects the current state of production in 2010.
On the other hand, China is becoming a prime market for medium and large companies that are being introduced and establishing global purchasing power.Local suppliers are not adapted to this situation have few options to compete withcompetitors of the new networks.
China plays a leading role and must be present in the strategic thinking of the Western companies. The Chinese government is supporting the internationalizationof Chinese enterprises, competition from China is very aggressive in international markets and are creating business opportunities by increased domestic consumption.
viernes, 22 de abril de 2011
domingo, 3 de abril de 2011
lunes, 28 de marzo de 2011
viernes, 25 de marzo de 2011
domingo, 13 de marzo de 2011
Summary of International Trade Teory
What it is? Is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance has been on the rise in recent centuries.
The senior trade commissioners working in the Canadian embassies and consulates are very helpful because the Canadian exporters but when you ask them for advice importing from another country there is not the same level of assistance.
Adam Smith said about the each nation should specialize in producing things it has an "absolute advantage" what refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources. Adam Smith first described the principle of absolute advantage in the context of international trade, using labor as the only input.
In my opinion the New Trade Theory tries to explain empirical elements of trade that comparative advantage-based models above have difficulty with. These include the fact that most trade is between countries with similar factor endowment and productivity levels, and the large amount of multinational production (i.e. foreign direct investment) which exists. New Trade theories are often based on assumptions like monopolistic competition and increasing returns to scale. One result of these theories is the home-market effect, which asserts that, if an industry tends to cluster in one location because of returns to scale and if that industry has high transportation costs, the industry will be located in the country with most of its demand to minimize.
The senior trade commissioners working in the Canadian embassies and consulates are very helpful because the Canadian exporters but when you ask them for advice importing from another country there is not the same level of assistance.
Adam Smith said about the each nation should specialize in producing things it has an "absolute advantage" what refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources. Adam Smith first described the principle of absolute advantage in the context of international trade, using labor as the only input.
In my opinion the New Trade Theory tries to explain empirical elements of trade that comparative advantage-based models above have difficulty with. These include the fact that most trade is between countries with similar factor endowment and productivity levels, and the large amount of multinational production (i.e. foreign direct investment) which exists. New Trade theories are often based on assumptions like monopolistic competition and increasing returns to scale. One result of these theories is the home-market effect, which asserts that, if an industry tends to cluster in one location because of returns to scale and if that industry has high transportation costs, the industry will be located in the country with most of its demand to minimize.
The mind map
International economics is concerned with the effects upon economic activity of international differences in productive resources and consumer preferences and the institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and migration.economies of scale are benefits from bulk buying:
- International trade: studies goods-and-services flows across international boundaries from supply-and-demand factors, economic integration, and policy variables such as tariff rates and trade quotas.
- International finance: studies the flow of capital across international financial markets, and the effects of these movements on exchange rates.
- International monetary economics and macroeconomics: studies money and macro flows across countries.
TYPES OF INVESTMENT
Investment is putting money into something with the expectation of profit. More specifically, investment is the commitment of money or capital to the purchase of financial instruments or other assets so as to gain profitable returns in the form of interest, dividends, or appreciation of the value of the instrument (capital gains). It is related to saving or deferring consumption. Investment is involved in many areas of the economy, such as business management and finance no matter for households, firms, or governments.
In the case of investment, rather than store the good produced or its money equivalent, the investor chooses to use that good either to create a durable consumer or producer good, or to lend the original saved good to another in exchange for either interest or a share of the profits. In the first case, the individual creates durable consumer goods, hoping the services from the good will make his life better. In the second, the individual becomes an entrepreneur using the resource to produce goods and services for others in the hope of a profitable sale. The third case describes a lender, and the fourth describes an investor in a share of the business. In each case, the consumer obtains a durable asset or investment, and accounts for that asset by recording an equivalent liability. As time passes, and both prices and interest rates change, the value of the asset and liability also change.
CAUSES OF INFLATION
- The demand-pull inflation: Inflation occurs when aggregate demand increases more rapidly than reduction. This increase may have different origins: an increase in household consumption, increased public spending or spending on business investment.
- The cost-inflation: Inflation would by increasing production cost. Maybe motivated by the rising cost of asic natural resources, or the cost borrowing or interest rate.
- The structural-inflation: Is an existence of imperfect markets, which set prices at levels higher than those of free competition, conflict between economic agents, the existence of administered prices to project or benefit certain social sector.
jueves, 24 de febrero de 2011
Sinopsys of Theodore Levitt
Theodore's life
Levitt was born in 1925 in Vollmerz. A decade later his family moved to Dayton, Ohio. He served in World War II, received his high school diploma through correspondence school and then earned a bachelor's at Antioch College and a Ph.D. in economics at Ohio State University. His first teaching job was at the University of North Dakota.
In 1959 he joined the faculty of the Harvard Business School. Later that year, he became world renowned after publishing Marketing Myopia in Harvard Business Review where he asks "What business are you in?", a phrase that demands one account for the significance of the job one does.
He is a four-time winner of the McKinsey Awards competitions for best annual article in the Harvard Business Review; winner of Academy of Management Award for the outstanding business books of 1962 for Innovation in Marketing; winner of John Hancock Award for Excellence in Business Journalism in 1969; recipient of the Charles Coolidge Parlin Award as "Marketing Man of the Year," 1970; recipient of the George Gallup Award for Marketing Excellence, 1976; recipient of the 1978 Paul D. Converse Award of the American Marketing Association for major contributions to marketing and recipient of the 1989 William M. McFeely Award of the International Management Council for major contributions to management.
Financie Glossary
- Joint action: Title value that represents the economic rights of an investor in a company's share capital. Each common share entitles all their holders equal rights.
- Shares outstanding: subscribers and paid shares that are held by investors.
- Preferred shares: title property value that takes precedence over the common shares in connection with the payment of dividends. These actions dividend rate is fixed at the time of issue and can be fixed or variable.
- Bank acceptance: order written and accepted by a bank to pay a sum determined at a future date.
- Current assets: set of accounts of a company's assets that anticipate its conversion into cash within less than a year. They are usually constituted by box and banks, accounts receivable, inventories, etc.
- Fixed assets: permanent assets that are typically required for carrying out the usual turn of a company. They are usually constituted by machinery, equipment, buildings, land, etc.
- Financial assets: assets that generate financial returns.
- Intangible assets: intangible, type such as patent assets.
- Ad valóren: tariff established as a percentage of the value of the invoice for the goods.
- Depreciation: Partial or full payment of the principal of a loan.
- Linear depreciation: depreciation in which each method is deducted a fixed amount of the obligation.
- Regression analysis: statistical method for estimating the behavior of a variable based on the record of other variables.
- Sensitivity analysis: simulations of scenarios through which seeks to observe the changes in the model results based on variations of your main variables.
- Anti-dumping: Legal action to protect domestic markets from unfair competition from abroad, for the use of prices that do not cover production costs.
- Annuity: Stream regular funds and the same amount during a certain number of periods.
- Financial leverage: Ratio of total debt to total assets. Proportion of the total assets has been financed with loans.
- Exchange rate appreciation: movement toward the low exchange rate expressed as a number of national currency per unit of foreign currency. Also known as exchange rate revaluation.
- Tariff: Tariff of tax that a tax on the import or export of goods and services.
- Arbitration: Process by which can be very short term gains for the simultaneous existence of different prices for the same product, in the same or in different markets.
- Leasing: financing mechanism for the acquisition of fixed assets through a contract of lease with purchase option. Provides regular contributions that can cause major tax incentives that finance the purchase of the asset by debt.
- Operating lease – rental of goods where the contract not stipulates terms of purchase option at lease end. Not exieste the intention of buying good but its temporary use.
- Risk aversion: term referring to the situation in which an investor, exposed to alternatives with different levels of risk, prefers one with the lowest risk level.
- Balance of payments: accounting expression which reflects transactions of a country with the rest of the world, as also the accumulation of international currency reserves over a given period.
- Balance of trade: State of the activity of international transactions of goods from a country - balance between exports and imports over a period of time which is usually a calendar year.
- Bankruptcy: State of insolvency of an individual or a company in which there is no ability to pay its obligations as they were originally agreed.
- Corporate Banking: Set of financing and other services that a bank offers companies.
- Personal Banking: Financing activities and services of a bank to meet the needs of the individual.
- Central Bank: Official institution of the national management of liquidity and the means of payment in the economy.
- Second floor Bank: Bank that channels e financing operations
Exercise week 2 - Describe 3 products of the bank
The products of the bank are there:
Internet Services
The Internet is a global system of interconnected computer networks that use the standard Internet Protocol Suite (TCP/IP) to serve billions of users worldwide. It is a network of networks that consists of millions of private, public, academic, business, and government networks, of local to global scope, that are linked by a broad array of electronic, wireless and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents of the World Wide Web (WWW) and the infrastructure to support electronic mail.
Credit Card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
A credit card is different from a charge card: a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. Most credit cards are issued by banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
miércoles, 23 de febrero de 2011
lunes, 21 de febrero de 2011
lunes, 31 de enero de 2011
Suscribirse a:
Entradas (Atom)