...factors for the relocation of AutoEdge from their current location, there is further research required by Lester Scholl to identify additional aspects regarding the economy of both respective countries, United States and South Korea. The board was appreciative of the last presentation being performed and requires additional information to achieve the decision required for the success of the facility. This information required by the organization contains facts concerning the gross domestic product (GDP), unemployment, interest rates, and inflation for both countries. They desire the information to be current within six months, so the organization can make the best decision possible for AutoEdge (CTU, 2014). Utilizing the economic factors of an organization will present the future for the organization and assist with the processes required to make the business a success. A Macroeconomics Outlook for AutoEdge Within the process of business in our current society, there are many issues one must face, especially when participating in global business expansion practices. In the case of AutoEdge, there have been issues affecting the progress and growth of the organization because of international business issues in the selected country, South Korea. As mentioned previously concerning different factors one must consider in global business activities, the major factor to contemplate and analyze is the economic factor of global country in comparison with your residing country...
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...The economy is the state of a country or region in terms of the production and consumption of goods and services and the supply of money. Economy is usually measured on a national scale and would incorporate the trade and services within a country; however this can also occur on an international scale which is known as globalisation. Transnational co-operations (TNCs) and Newly Industrialized Country (NICs) play a fundamental role in the interaction of economies worldwide (global economy). A TNC is a very large company that has offices and factories in many different countries, for example Nike. On the other hand, a NIC is a newly industrialized country such as Singapore, South Korea and Hong Kong (discovered in the 1970s/80s) and more recent NICs (discovered in the late 2000s) include China, India, Malaysia and Thailand. NICs are usually LEDCs that have undergone recent, rapid industrialisation and experience rising incomes, high growth rates and international involvement. Governments of these NICs kept close control over industrial development, and encouraged industries to export manufactured products to the more developed and richer countries abroad. The percentage of people working in the primary sector has declined as people move from jobs in rural areas to urban areas so that they can work in factories as the industrial base continues to develop. A ‘TNC’ is a company that operates in at least two countries. They often have management headquarters in their home country...
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...services. Meanwhile, the voice of anti-internationalism has been stronger with the growth of internationalism. Although many organizations seek international market expansion actively, they have been aware the risks of doing global business. Lessons and experience have been learned from the past and multinational companies are more cautious to keep a good corporate citizenship image. This essay will introduce the international process of Nike, In., one of the biggest multinational corporations in footwear and apparel industry, and steps the company has been adopted to become a not only successful but also responsible international corporation. II. About Nike, Inc. Nike, Inc. is an American multinational organization that is engaged in designing, developing and selling footwear, apparel, and other services. It is one of the biggest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment in the world. The company was founded in 1964 by Phil Knight and Bill Bowerman as an importer and distributor of Japanese specialty running shoes, which were cheap and high quality. Different with other companies, who manufactured their own shoes in high-cost countries such as United States and Germany, Knight’s company (called Blue Ribbon Sports-BLS) achieved initial success very quickly. In the early 1970s, the company partnered with Onitsuka and started to design and subcontract its own shoes. Nike, Inc. was officially established in 1978. The mission of Nike’s international...
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...Vizio and the Market for Flat panel TVs They begin as glass panels that are manufactured in high tech fabrication centers in South Korea, Taiwan, and Japan. Operating sophisticated tooling in environments that must be kept absolutely clean, these factories produce sheets of glass twice as large as king size beds to exacting specifications. From there, the glass panels travel to the Mexican plant located alongside the U.S border. There they are cut to size, combined with electronic components shipped in from Asia and the United States, assembled into finished TVs, and located onto trucks bound for retail stores in United States. It’s a huge business. U.S consumers spend over $35 billion a year on flat panel TVs. The underlying technology for flat panel displays was invented in the United States in the late 1960s by RCA. But after RCA and rivals Westinghouse and Xerox opted not to pursue the technology, the Japanese company Sharp made aggressive investments in flat panel displays. By the early 1990s Sharp was selling the first flat panel screens, but as the Japanese economy plunged into a decade-long recession, investment leadership shifted to South Korean companies such as Samsung. Then the 1997 Asian crisis hit Korea hard, and Taiwanese companies seized leadership. Today, Chinese companies are starting to elbow their way into the flat panel display manufacturing business. As production for flat panel displays migrate its way around the globe to low cost locations, there are...
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...FTA: South Korea & The EU | | | Table of Contents Executive Summary 2 Introduction 4 International Trade between South Korea & the European Union 6 A Macroeconomic Analysis of South Korea 6 The Free Trade Agreement between South Korea & the EU 6 International Trade between SK & EU 9 Other FTA Examples of South-Korea 10 World Trade Organization (WTO): Position regarding Bilateral Agreements 11 Conclusion & Recommendations 14 References / Endnotes 15 Appendices 17 Executive Summary This report analyzes trade relations between South Korea, one of the four Asian dragons, with the European Union, which has the largest nominal GDP and GDP PPP in the world. South Korea's industrialization, urbanization and GDP are rapidly growing mainly because of its comparative advantage in manufacturing and exporting of technological goods, its political centralization also supports a clear coordination and effectiveness of laws reforms. However, its aging population, low fertility rates, recent decline in FDIs and unresolved political disputes with Democratic People's Republic of Korea should be amended in order to increase consumer confidence and improve its international potential. South Korea's main partners are the United States of America and the European Union. The EU-South Korea Free Trade Agreement (2011) offers, among other things, preferential import duties and liberalization in trade of services via provisions for intellectual...
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...Impact of the Asia Crisis on U.S. Industry: An Almost-Free Lunch? • The large devaluations experienced by Korea, Malaysia, Thailand, and Indonesia beginning in the summer of 1997 raised concerns that imports from these countries would soar while demand for U.S. exports weakened, causing U.S. industries to suffer. W • As it turned out, manufactured imports from the four countries rose only slightly, and the decline in U.S. exports was not large enough to have a significant effect on trend output for most industries. • The one exception to this pattern was the steel industry: there, sharply rising imports and falling exports led to a drop in output and prices. • Overall, the United States enjoyed an “almost-free lunch” in the wake of the Asia crisis. Cheaper imports benefited consumers, and domestic production and employment were largely unhurt. hen the Asia crisis erupted in the summer of 1997, many forecasters predicted that one effect would be an end to the economic boom in the United States. Surely, it was argued, the drop in demand for U.S. exports combined with surging import volumes would finally be enough to slow the U.S. economy. It did not happen. Indeed, the Asia crisis’ overall effects on the United States were small.1 In terms of trade flows, total manufactured imports from the Asian countries affected by a currency collapse—Indonesia, Korea, Malaysia, and Thailand, which I will refer to as the “Crisis 4” countries—grew only slightly, while exports...
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...after Apple started to make the Macintosh computer back in 1983, Steve Jobs bragged that it was “a machine that was made in America.” As late as the early 2000s, Apple still manufactured many of its computers at the company’s iMac plant in Elk Grove, California. Jobs often said that he was as proud of the Apple’s manufacturing plants as he was of the devices themselves. By 2004, however, Apple had largely turned to foreign manufacturing. The shift to offshore manufacturing reached its peak with the iconic iPhone, which Apple first introduced in 2007. All iPhones contain hundreds of parts, an estimated 90 percent of which are manufactured abroad. Advanced semiconductors come from Germany and Taiwan, memory from Korea and Japan, display panels and circuitry from Korea and Taiwan, chip sets from Europe, and rare metals from Africa and Asia. Apple’s major subcontractor, the Taiwanese multinational firm, Foxconn, performs final assembly in China. Apple still employees some 43,000 people in the United States, and it has kept important activities at home, including product design, software engineering, and marketing. Furthermore, Apple claims that its business supports another 254,000 jobs in the United States in engineering, manufacturing, and transportation. For example, the glass for the iPhone is manufactured at Corning’s U.S. plants in Kentucky and New York. But an additional 700,000 people are involved in the engineering, building, and final assembly of its products outside...
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...Prakash Verma. Last but not the least, we extend our sincere thanks to all the people who helped us directly or indirectly in way of ideas and valuable thoughts for making this project, a grand reality. History of LG Brand: | LG's history dates back to 1947 when Lucky Chemical Industrial Company (LCIC), the first chemical company in South Korea, was | |established. In 1958, LCIC started Goldstar Company to manufacture consumer durables. Within a year of its inception, Goldstar manufactured| |South Koreas first radio, A 501. | |In the 1960s, it started exporting radios to the US and Hong Kong and manufactured Korea's first telephone, refrigerator and black & white | |television. With the consumer durables business picking-up, LCIC changed its name to Lucky Goldstar. | Since South Korea was a small market, Lucky Goldstar expanded its operations to foreign countries and established its first overseas branch in New York in 1968. In the same year, it manufactured Korea's first air conditioner. By the 1970s, Lucky Goldstar became the first Korean consumer electronics company to get listed on the Korean stock exchange...
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...across and within nations, volatility in financial market and environmental deteriorations. Another negative aspect of globalisation is that a great majority of developing countries remain removed from the process. Till the nineties the process of globalisation of the Indian economy was constrained by the barriers to trade and investment liberalisation of trade, investment and financial flows initiated in the nineties has progressively lowered the barriers to competition and hastened the pace of globalisation. Though the precise definition of globalisation is still unavailable a few definitions worth viewing, Stephen Gill: defines globalisation as the reduction of transaction cost of Trans border movements of capital and goods thus of factors of production and goods. Guy Brainbant: says that the process of globalisation not only includes opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC's, population migrations and...
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...Vizio and the Market for Flat Panel TVs Operating sophisticated tooling in environments that must be kept absolutely clean, fabrication centers in South Korea, Taiwan, and Japan produce to exacting specifications sheets of glass twice as large as kingsize beds. From there, the glass panels travel to Mexican plants located alongside the U.S. border. There they are cut to size, combined with electronic components shipped in from Asia and the United States, assembled into finished flat panel TVs, and loaded onto trucks bound for retail stores in the United States, where consumers spend over $35 billion a year on flat panel TVs. The underlying technology for flat panel displays was invented in the United States in the late 1960s by RCA. But after RCA and rivals Westinghouse and Xerox opted not to pursue the technology, the Japanese company Sharp made aggressive investments in flat panel displays. By the early 1990s Sharp was selling the first flat panel screens, but as the Japanese economy plunged into a decade-long recession, investment leadership shifted to South Korean companies such as Samsung. Then the 1997 Asian crisis hit Korea hard, and Taiwanese companies seized leadership. Today, Chinese companies are starting to elbow their way into the flat panel display manufacturing business. As production for flat panel displays migrates its way around the globe to low-cost locations, there are clear winners and losers. U.S. consumers have benefited from the falling prices of flat...
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...In the following paper I will be examining the process of economic development in Japan. I begin with their history in the Meiji period and how that effected their great success in the postwar development. Then I will go through the different economic stages of economic development in postwar Japan. I will examine the high periods and low period in Japan economics, and the factors behind these shifts in development. Last I will give a conclusion and where I believe Japan economy will be in the future. To understand Japan economic boom after the war you must also look at there history. Without the creation of the industrial economy during the Meiji Japan this economic growth after postwar could have not happened. To look even closer lets examine the period before called the Tokugawa period, from 1630's until the 1860's. Smith explains that "during this period Japanese economy experienced unparalleled growth and structural change" (Smith, Page 4). The system was set up on rules and obligations on all sections of society. These systems of control helped rapid urbanization. Education is also a factor in the economic development in Tokugawa period. Tokugawa Japan abapted Confucianism belief system from there neighbors China. This became important because "one of the distinctive traits of Confucianism was reverence for education and learning" (Smith, Page 5). This spread of education was dramatic. Not Macdonnell, 2 Only did the knowledge seep...
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...deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four". The acronym was coined by Jim O'Neill in a 2001 paper entitled "Building Better Global Economic BRICs".[1][2][3] The acronym has come into widespread use as a symbol of the shift in global economic power away from the developed G7 economies towards the developing world. It is estimated that BRIC economies will overtake G7 economies by 2027.[4] According to a paper published in 2005, Mexico and South Korea were the only other countries comparable to the BRICs, but their economies were excluded initially because they were considered already more developed, as they were already members of the OECD.[5] The same creator of the term "BRICS" coined the term MIKT, that includes Mexico and (South) Korea. Several of the more developed of the N-11 countries, in particular Turkey, Mexico, Indonesia and Nigeria, are seen as the most likely contenders to the BRICs. Some other developing countries that have not yet reached the N-11 economic level, such as South Africa, aspire to BRIC status. Economists at the Reuters 2011 Investment Outlook Summit, held on 6–7 December 2010, dismissed the notion of South Africa joining BRIC.[6] Jim O'Neill told the summit that he was constantly being lobbied about BRIC status by various countries. He said that South Africa, at a population of under 50 million people...
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... Department of Marketing Azam khan Govt commerce college,Khulna Prepared By : Newaj Raj University Roll : 9783541 University Reg : 1706344 Session : 2010-2011 College Name : Azam khan Govt commerce college,Khulna Table of Contents Chapter Name Name of topics Page no Chapter-1 INTRODUCTION 1.1 Origin 1.2 Why chosen 1.3 Objectives 1.4 Methodology followed 4 Chapter-2 . BACKGROUND 2.1 Background 2.2 Sector Highlights 2.3 Industry Outlook 2.4 Various leather goods 2.5 Current Export Policy 2.6 Investment Incentive 7----11 Chapter-3 MARKET 3.1 Historical background of leather and and leather goods industry 3.2 Bangladesh in the international Market eather goods industry 3.3 Global market for leather footwear 3.3.1 World Import of leather and leather products 3.3.2 Trend in World Trade in Leather and Leather Products & main competing countries 3.3.3 Top Importing countries of Leather and Leather Products 3.3.4 Top Exporting countries of Leather and Leather Products 3.3.5 International Market Trend 3.3.6 Asia in the world leather footwear market 3.3.7 Status of Leather Industry In Neighboring Country - India 3.4 Case for Bangladesh 3.4.1 Background 3.4.2 Leather footwear Industry 3.4.3 Export earning from leather footwear 3.4.4 Comparative advantage of Bangladesh ...
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...China is considered to be the word's largest exporter and importer. China has been trading with many countries such as the United States of America. China has been supplying it's customers which goods such as clothing, footwear, building materials, furniture and toys. Many Americans are against China's products because they believe America's money should be spent in America and not in other Countries. However, it is much cheaper to have certain things manufactured and produced in China and the United States has been China's main exporter for years. China has also been supplying other Counties with goods such as Japan and South Korea. China has been supplying these Countries with anything from electronics, mineral fuels, iron, copper and soybeans. China's primary importing associates are Japan, South Korea, Australia, Taiwan, South Africa and lastly Brazil. China has been a member of the WTO since 2001. In the June 2015 U.S.-China Economic and Security Review Commission report, data shows that in April 2015 the U.S. trade deficiency in goods with China fell within $26.5 billion. The Chinese government took a step back on recent attempts in order to reduce local governments unfeasible borrowing. In May 2015 the Chinese government took more serious efforts to maintain growth. The May 2016 fall was pin pointed for many reasons. Huijin which is a minor sovereign to China's fortune sold shares that were in two major state owned banks; The industrial and the Commerce Bank of China...
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...this international business plan are; Saudi Arabia, South Korea, and Brazil. Each country has a different economic system, political system, and management style for doing business with respect to the culture and traditions of the country. Each country can be a real consideration for expanding your business in if the research is done by the business desiring to expand. If the research is not done properly, then without a doubt your business plan to expand will not be productive. Each of these countries it is easy to cause a great enough offense to the host country that it will be virtually impossible to enter into this country and have an effective business. The business must have a market advantage to expand in any country. The host country must feel they have respect and the wellbeing of their country before they will allow a business to enter into their country. A good example of this is when McDonalds entered into China. McDonalds needed to make some serious changes to their menu for the culture in which they intended to setup their business and they had to give certain guarantee’s to China about labor, customs, courtesies, and business involvement for political issues (Thuermer, 1998). A similar business move was required when McDonald’s established their self in England. England required a large amount of the product be produced by England for the product used. This research will look at Brazil, South Korea, and Saudi Arabia for a proposed business plan for implementation...
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