COURSE: Global Economics Professor: Dr. Coetzer Student Name: Bordun Illia Program: MBA Date of submission: 23.02.2015 Academic Year 2014-2015 The BRICS in the Emerging Global Economic Architecture The article of Biswajit Dhara‚ who is the Director General of Research and Information System for Developing Countries in New Delhi‚ India‚ is a scientific outlook on BRICS countries‚ on spheres of their cooperation and on their future value in the 21 century in global processes
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The Global Pharmaceutical Industry In the pharmaceutical industry market segments can be found depending on the criteria used. For example‚ geographically there are three main market segments (the Triad accounting for 80% and with the strongest growth): The United States of America‚ Europe and Japan with the main future segment being the least developed countries. Another way of classifying the market segments that the pharmaceutical industries face is by those products directed to primary care
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Global Strategic Management Mini Cases Series The Global Cement Industry Cement is a basic ingredient for the construction industry. Cement is made out of limestone‚ shell‚ clay mined out of a quarry close to the plant. The raw material is crushed‚ and then heated at temperature in excess of 1000 ºC in rotating kiln to become clinker. Clinker is then mixed with gypsum and ground to a fine powder to produce final grade of cement. The technology is a continuous process and is highly energy
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Chief Characteristics Of Managerial Economics It would be useful to point out certain chief characteristics of Managerial Economics‚ inasmuch it’s they throw further light on the nature of the subject matter and help in a clearer understanding thereof. 1. Managerial Economics micro-economic in character. 2. Managerial Economics largely uses that body of economic concepts and principles‚ which is known as ‘Theory of the firm’ or ‘Economics of the firm’. In addition‚ it also seeks to apply
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THE PRACTICAL SIGNIFICANCE OF DIFFERENT COSTS 2.2 THE FACTORS INFLUENCING OPTIMUM SIZE AND THE SIGNIFICANCE OF DEMAND AND SUPPLY RELATIONSHIPS 2.3 UNDERSTANDING OF THE RELEVANCE AND LIMITATIONS OF ECONOMIC THEORY TO MANAGE DECISIONS 3. CONCLUSION 1. INTRODUCTION: From the economic perspective‚ there are a full range of wants from individuals‚ firms and government but there is only a few number of resources or factors of production such as land‚ labour‚ capital and enterprise. The
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Traditionally‚ national retailers outsource apparel production‚ via global brokers‚ to thousands of small apparel makers. The typical apparel manufacturer‚ usually located in a low-wage country‚ is a small-scale operation that employs a few to a few dozen workers. In a labor-intensive process‚ workers make specific pieces of clothing‚ often in a narrow range of sizes and colors. These pieces are then integrated with the output of hundreds of other such companies spread across dozens of countries
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Asia’s large economic disparities are a source of major continuing tension in the region. While global economic powers China‚ Japan‚ India‚ and South Korea continue powering through‚ and Indonesia‚ Malaysia‚ Philippines‚ Thailand‚ Vietnam and Sri Lanka have entered the path to long-term growth‚ regions right next to these countries are in severe need of assistance. Given the large‚ cheap and amply available labor in the region‚ particularly in China and India‚ where large workforces provide an economical
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terms of business‚ economic and management concepts. One of the most important and influential elements of the business environment is the structure of the industry. How a firm performs depends on the state of its particular industry and the amount of competition it faces. (Book) To describe the characteristics of the modern construction industry we should look at the nature of demand for industry’s products which is related to wants. In this case there are some particular characteristics; demand
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NMIMS Global Access School for Continuing Education (NGA-SCE) Course: Business Economics SEM – I 1. Calculate Elasticity in the following cases: a) Assume that a business firm sells a product at the price of Rs 500. The firm has decided to reduce the price of the product to Rs 400. Consequently‚ the demand for the product is raised from 20‚000 units to 25‚000 units. Calculate the price elasticity of demand. ANSWER A: PRICE ELASTICITY OF DEMAND: MEANING: Price elasticity of demand
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Domestic Business Environment [pic] Introduction India’s business environment has improved considerably after the initiation of economic reforms in early 1990s. Domestic and foreign investors are finding it easier to do business after the reforms‚ which are aimed at reorientation of the centrally-controlled economy to a market-oriented one in order to foster greater efficiency and growth. This is being done by introducing greater competition in the economy through progressive internal deregulation
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