There have been significant changes in Italy for the
past couple months. The Gross Domestic Product is
projected to grow by 1% instead of 1.2%.
In addition, the Unemployment Rate is 8.5% and
8.9% for year 2011. Consumer prices has also
risen by 1.5%. Italy is suffering from slow economic
growth and gross domestic product. This year was
expected to fall below than what was expected.
Italy is currently slow in progress compare to the
economic performance of other European countries.
Work Cited:
http://www.businessweek.com/news/2010-12-16/confindustria-revises-down-italy-2010-gdp-forecast-on-low-growth.html
Friday, December 17, 2010
Thursday, December 16, 2010
Summary of the economy in France
France is in the middle of the well-to-do modern economy and the one relies more on market mechanisms. The well-to-do modern economy has more ownership and intervention empowered to a country’s government. The government also full or partial own the large companies, specific sectors, public transport, and defense industries.
France is one of the most popular countries in the world for visiting, with more than 75 million foreign tourists a year. Income from tourists contributes majority to its GDP.
Due to the influence of tourists all over the world, France’s economic is affected a lot by the changing of the worldwide economic. By the grafts in the previous article, we can easily recognize that, the unemployment rate and inflation rate was changing magically from 2000 and 2009, as well as the growth rate of GDP. A recession first hits Unite State then became worldwide occurred at the end of 2008. Since that time, the unemployment rate jumped to a high range as well as the inflation rate.
In brief, as a midst well-to-do modern economy, France is capable adjust itself during the recession or inflation. However, France also needs rely on its market mechanisms.
http://www.theodora.com/wfbcurrent/france/france_economy.html
France is one of the most popular countries in the world for visiting, with more than 75 million foreign tourists a year. Income from tourists contributes majority to its GDP.
Due to the influence of tourists all over the world, France’s economic is affected a lot by the changing of the worldwide economic. By the grafts in the previous article, we can easily recognize that, the unemployment rate and inflation rate was changing magically from 2000 and 2009, as well as the growth rate of GDP. A recession first hits Unite State then became worldwide occurred at the end of 2008. Since that time, the unemployment rate jumped to a high range as well as the inflation rate.
In brief, as a midst well-to-do modern economy, France is capable adjust itself during the recession or inflation. However, France also needs rely on its market mechanisms.
http://www.theodora.com/wfbcurrent/france/france_economy.html
France quite confidence about reducing its deficit to 6% in 2011
In 2011, France plans to reduce its budget deficit to 6% of gross domestic product at the end of 2011. France has a deficit of its GDP for 7.7% now, and the French Finance Minister Christine Lagarde announced the government’s goal which is 6% of GDP, according to French newspaper Liberation Thursday.
Christine Lagarde is quite confidence about the goal. She also quoted that the Europe/ “target= “_blank” class= “keylink” >European Union, which predicts the deficit for 2011 will be 6.3%.
Deficit happens when a country spends more than it earns, it can be good and bad. Optimum borrowing can stimulate the development of a country. However, if a country keep borrowing money, it will harm the countries’ economic and balance ability.
http://www.ytwhw.com/2010/1202/75515.html
Christine Lagarde is quite confidence about the goal. She also quoted that the Europe/ “target= “_blank” class= “keylink” >European Union, which predicts the deficit for 2011 will be 6.3%.
Deficit happens when a country spends more than it earns, it can be good and bad. Optimum borrowing can stimulate the development of a country. However, if a country keep borrowing money, it will harm the countries’ economic and balance ability.
http://www.ytwhw.com/2010/1202/75515.html
Monday, December 13, 2010
Employee recruitment in China is challenging
Many multinational companies assume that a country with a population as large as China’s would not have a labor shortage. Under the booming economy, the rising demand for Chinese labor has exceeded its supply, and hiring talented employees is even more difficult.
According to a report by Hewitt and Associates, China has one of the highest employee turnover rates in Asia.
Employee turnover is costly and detrimental. The huge resources drain incurs direct and indirect expenses including the cost of advertising, human resource costs, loss of productivity, training costs, and customer retention.
From information of research, the main causes of employee turnover are inadequate payment, unsatisfied work environment and lack of career development opportunities.
One of the most common employee turnover causes is insufficient employee pay and absence of adequate benefits. Employees leave for alterative higher-paying jobs. Employees are dissatisfied with work environment, such as, poor supervision, vague job content, poor employee communication and lack of recognition. These factors initiate employee's thoughts of leaving the workplace. Providing training and learning opportunities is an important retention strategy. Acknowledging employees achievement more frequently and help company reach its performance goals. Employees are provided opportunities for career and personal growth through on-going mentoring and training. Focus on generational differences to selects effective training with clearer expectations. Excessive turnover can cause major damage to the company. Managers can control these problems by determining what cause employee turnover and applying retention strategies to meet employees need, improve business performance and achieve business goal.
http://www.biztimes.com/news/2007/8/17/employee-recruitment-in-china-is-challenging
Many multinational companies assume that a country with a population as large as China’s would not have a labor shortage. Under the booming economy, the rising demand for Chinese labor has exceeded its supply, and hiring talented employees is even more difficult.
According to a report by Hewitt and Associates, China has one of the highest employee turnover rates in Asia.
Employee turnover is costly and detrimental. The huge resources drain incurs direct and indirect expenses including the cost of advertising, human resource costs, loss of productivity, training costs, and customer retention.
From information of research, the main causes of employee turnover are inadequate payment, unsatisfied work environment and lack of career development opportunities.
One of the most common employee turnover causes is insufficient employee pay and absence of adequate benefits. Employees leave for alterative higher-paying jobs. Employees are dissatisfied with work environment, such as, poor supervision, vague job content, poor employee communication and lack of recognition. These factors initiate employee's thoughts of leaving the workplace. Providing training and learning opportunities is an important retention strategy. Acknowledging employees achievement more frequently and help company reach its performance goals. Employees are provided opportunities for career and personal growth through on-going mentoring and training. Focus on generational differences to selects effective training with clearer expectations. Excessive turnover can cause major damage to the company. Managers can control these problems by determining what cause employee turnover and applying retention strategies to meet employees need, improve business performance and achieve business goal.
http://www.biztimes.com/news/2007/8/17/employee-recruitment-in-china-is-challenging
China’s birth control plan
Chinese officials have begun launching pilot programs in five provinces that will ease the country's one-child policy. Sources differ in the details, but it is expected that this shift in policy will be expanded in the coming years.
China’s enforced a birth control plan and this has caused many controversies. Overpopulation causes shortage of living resources and draws on large amounts of government money for healthcare and education. Population is one of the strongest factors affecting a country's economy. In the current international economic system, China’s overpopulation had created severe economic problems within the country; on the other hand, the balancing of this population was a key element in China's economic success. However, although its birth planning policies were both effective and economically beneficial to the country. The three basic economic factors of production are land, labor and capital, and a country's population level determines how much labor is available.
http://peakoil.com/generalideas/chinas-one-child-policy-may-be-relaxed-overpopulation-complexity/
Chinese officials have begun launching pilot programs in five provinces that will ease the country's one-child policy. Sources differ in the details, but it is expected that this shift in policy will be expanded in the coming years.
China’s enforced a birth control plan and this has caused many controversies. Overpopulation causes shortage of living resources and draws on large amounts of government money for healthcare and education. Population is one of the strongest factors affecting a country's economy. In the current international economic system, China’s overpopulation had created severe economic problems within the country; on the other hand, the balancing of this population was a key element in China's economic success. However, although its birth planning policies were both effective and economically beneficial to the country. The three basic economic factors of production are land, labor and capital, and a country's population level determines how much labor is available.
http://peakoil.com/generalideas/chinas-one-child-policy-may-be-relaxed-overpopulation-complexity/
Generous Corporations
The first company I looked at Wal-Mart. Wal-Mart is the biggest cash contributor in the Forbes list of most charitable companies in 2009.The discount retail chain gave $288.1 million in cash, and almost $200 million more in products. Wal-Mart Canada is involved in the protection and conservation of the environment in the communities where they have stores. To effectively manage the responsibilities and ensure the operation of all the Wal-Mart stores have as little impact on the surrounding environment as possible, they make every effort to reduce the amount of waste the stores produce and send to landfills through recovery and recycling programs for numerous materials.
Wal-Mart supports lots of community programs in Canada.
Children's Miracle Network
Since 1994 they have raised and donated close to $20 million for Canadian Children's hospitals
Breakfast Clubs of Canada
Wal-Mart Canada associates raise funds to support community-based child nutrition programs.
Canadian Red Cross
In partnership with the Canadian Red Cross our Disaster Relief Program assists victims of natural disasters in Canada. Juno Beach CentreWal-Mart Canada associates raised $1.5 million dollars to help build an interactive facility to honor Canada's participation in World War II.
http://www.forbes.com/2010/10/28/most-generous-companies-leadership-corporate-citizenship-philanthropy.html
http://www.walmart.ca/wps-portal/storelocator/Canada-About_Walmart.jsp?content=specprodserv
Second company I chose is Pfizer. New York-based pharmaceutical company Pfizer ranked No.1 in the list of the most generous corporations which gave cash and products most in 2009. The company contributed $2,346,952,232 to charities, equivalent to 24.2% of its 2008 profits. Pfizer Canada is active in the communities with a focus that reflects they core belief that, to be truly healthy, it takes more than medication. Each year, Pfizer partners with more than 1,000 non-profit organizations in the country, with most investments based upon long-term, sustained relationships and initiatives. They also provide free medications to needy Canadians and support international humanitarian missions and disaster relief efforts.
These two organizations are playing important role as sustainable companies.
http://www.pfizer.ca/en/healthier_communities/
wen zhang
The first company I looked at Wal-Mart. Wal-Mart is the biggest cash contributor in the Forbes list of most charitable companies in 2009.The discount retail chain gave $288.1 million in cash, and almost $200 million more in products. Wal-Mart Canada is involved in the protection and conservation of the environment in the communities where they have stores. To effectively manage the responsibilities and ensure the operation of all the Wal-Mart stores have as little impact on the surrounding environment as possible, they make every effort to reduce the amount of waste the stores produce and send to landfills through recovery and recycling programs for numerous materials.
Wal-Mart supports lots of community programs in Canada.
Children's Miracle Network
Since 1994 they have raised and donated close to $20 million for Canadian Children's hospitals
Breakfast Clubs of Canada
Wal-Mart Canada associates raise funds to support community-based child nutrition programs.
Canadian Red Cross
In partnership with the Canadian Red Cross our Disaster Relief Program assists victims of natural disasters in Canada. Juno Beach CentreWal-Mart Canada associates raised $1.5 million dollars to help build an interactive facility to honor Canada's participation in World War II.
http://www.forbes.com/2010/10/28/most-generous-companies-leadership-corporate-citizenship-philanthropy.html
http://www.walmart.ca/wps-portal/storelocator/Canada-About_Walmart.jsp?content=specprodserv
Second company I chose is Pfizer. New York-based pharmaceutical company Pfizer ranked No.1 in the list of the most generous corporations which gave cash and products most in 2009. The company contributed $2,346,952,232 to charities, equivalent to 24.2% of its 2008 profits. Pfizer Canada is active in the communities with a focus that reflects they core belief that, to be truly healthy, it takes more than medication. Each year, Pfizer partners with more than 1,000 non-profit organizations in the country, with most investments based upon long-term, sustained relationships and initiatives. They also provide free medications to needy Canadians and support international humanitarian missions and disaster relief efforts.
These two organizations are playing important role as sustainable companies.
http://www.pfizer.ca/en/healthier_communities/
wen zhang
Monday, December 6, 2010
Japan's Imports of Rare-Earth's From China to be Halted
September 23, 2010
When Japan refuses to free the captain of the fishing boat the collided with two Japanese Coast Guard vessels the Chinese Prime Minister has refused exports of rare earth oxide, rare earth salts. and pure rare earth metals. This rare earth are basically the back bone of product that ranges from modern technology such as electric cars, motor for wind turbines, and it reaches up to high-tech defense applications.
With this Japans economy might drop as raw materials required for the production of good that they can exports are being held from them.
July-September's GDP shrinks 0.1%
November 18, 2010
From last quarter's drop of 0.9%, Japan's GDP shrinks another 0.1% according to the data released by the Cabinet Office. July-September's Consumer spending went up by 0.3% while its capital spending dropped by 1.7% which showed a slower pace of growth at 0.7%. Imports increased by 1.9% in nominal term, GDP fell 0.5% or 2.1% annualized.
http://www.japaneconomynews.com/2008/11/18/japans-gdp-shrinks-01-in-the-july-september-quarter/
31'st Consecutive Drop on Department Store Sales
October 18, 2010
Japan Department Store Associatation released a data that states that Japans department store's sales went down nationwide by 5.2% to 446.3 billion yen this September.
Here is the breakdown of sales by individual categories:
Clothing: 34.7% of total sales, sales down 8.9% from a year ago
Personal Effects: 12.8% of total sales, down 7.2%
Miscellaneous Goods: 15.3% of total sales, down 3.5%
Household Goods: 5.2% of total sales, down 2.9%
Food: 25.3% of total sales, down 3.1%
Services: 1.2% of total sales, up 1.9%
Other: 2.3% of total sales, up 21.1%
Gift Certificates: 3.5% of total sales, up 8.2%
http://www.japaneconomynews.com/2010/10/18/japan-department-store-sales-down-for-31st-consecutive-month-in-september/#more-994
Tuesday, October 26, 2010
China rate rise triggers market falls
China's central bank raised interest rates by 0.25 percentage points for the first time in nearly three years on Tuesday. China need scale back the huge stimulus injected into its economy during the financial crisis to slow this economy down.
Jun Ma, an economist at Deutsche Bank in Hong Kong, said the decision was the start of a cycle of rate hikes. It showed that “a policy consensus has been reached to tolerate lower growth” and that the government’s willingness “to use interest rate policy to contain speculative property demand”.
However, Mark Williams at Capital Economics said that the decision was a short-term adjustment by a “government increasingly concerned about the pace of lending growth” in recent weeks and which wanted to send a strong signal to the banks. As a result, it would not lead to significantly lower growth.
http://www.businessweek.com/news/2010-06-11/china-reaches-lewis-turning-point-as-labor-costs-rise-update1-.html
Wen Zhang
Jun Ma, an economist at Deutsche Bank in Hong Kong, said the decision was the start of a cycle of rate hikes. It showed that “a policy consensus has been reached to tolerate lower growth” and that the government’s willingness “to use interest rate policy to contain speculative property demand”.
However, Mark Williams at Capital Economics said that the decision was a short-term adjustment by a “government increasingly concerned about the pace of lending growth” in recent weeks and which wanted to send a strong signal to the banks. As a result, it would not lead to significantly lower growth.
http://www.businessweek.com/news/2010-06-11/china-reaches-lewis-turning-point-as-labor-costs-rise-update1-.html
Wen Zhang
Thursday, October 7, 2010
China keep implementing pro-growth policies
China's central bank said on Saturday it had done a good job promoting economic growth and would keep implementing pro-growth policies. "We have sent timely signals for ensuring economic growth and stabilizing market confidence, and we have forcefully promoted the stable and rapid growth of the national economy," the People's Bank of China said in a statement on its website (http://www.pbc.gov.cn/).
"Appropriately relaxed" monetary policy is one of China’s stimulus packages in the global economic downturn. I believe the "Appropriately relaxed" monetary policy can support economic growth.
In easy monetary conditions, there is an adequate money supply and low interest rates. The monetary conditions encourage more investment and domestic spending, such as real estate investments. Increased consumption creates more job opportunities. "Appropriately relaxed" monetary policy maintains the stable development of the economic and prompts the economic recovery.
Wen Zhang
"Appropriately relaxed" monetary policy is one of China’s stimulus packages in the global economic downturn. I believe the "Appropriately relaxed" monetary policy can support economic growth.
In easy monetary conditions, there is an adequate money supply and low interest rates. The monetary conditions encourage more investment and domestic spending, such as real estate investments. Increased consumption creates more job opportunities. "Appropriately relaxed" monetary policy maintains the stable development of the economic and prompts the economic recovery.
Wen Zhang
Saturday, October 2, 2010
People of Italy – Request for resignation
Approximately around 1,500 Italian citizens in Rome protested on Saturday in request for the resignation of the Prime Minister; Silvio Berlusconi. The rally was supposedly arranged by the “Purple People” also known as Popola Viola; which happens to be an Internet movement with no political party affliated.
These people were seen to be wearing purple clothing such as purple T-shirts and scarves. In addition, they were also carrying placards that said “Dimettiti!” and “Licenziamolo!” which means “resign” and “let’s sack him!” respectively.
Some protesters claim that nothing has been improved in Italy since last year. Protesters are also demanding for a new electoral law and early elections. On account of this, the protesters goal is to put pressure against the Parliament to focus on the real problems of Italy instead of the personal interest of the Prime Minister.
The rally consisted of speeches and a concert by lawyers, journalist, and other civil figures. A similar rally about the same situation regarding Berlusconi took place last year in December.
In comparison to both events; the event that happened this year attracted less of a turnout than last year’s event. The protesters were reported to arrive from hundreds of buses and some ferries. Work Cited:
http://www.google.com/hostednews/afp/article/ALeqM5i-KMr7R6RkiJL_svD2cnGBbOdr7Q?docId=CNG.7bb3329fbab3923d23b175eda2b0410f.7b1
http://www.monstersandcritics.com/news/europe/news/article_1588616.php/Thousands-take-to-streets-in-Rome-against-Berlusconi
Italy's flag in depth
National Anthem:
"Inno di Mameli Mameli's Hymm"
Official name:
Repubblica Italiana
Flag ratio:
2:3
Capital:
Rome
"Inno di Mameli Mameli's Hymm"
Official name:
Repubblica Italiana
Flag ratio:
2:3
Capital:
Rome
Each country is represented by a flag. Consequently, we should take into account the distinct meaning that each flag has.
The designs of the flags varies for every country and have a significant meaning associated with it: history, beliefs, communications, identification, values, and etc.
If we take a look at Italy's flag, we can simply say that it is made up of three different colored stripes which are vertically positioned; green, white, and red. These tricolors have been used ever since the 1700s.
Some believe that that Italian flag is based on military uniforms from Milan. In addition, The Italian flag is said to be inspired by the French tricolor.
It is also stated that when Napoleon dominated the kingdom of Northern Italy, the flag was used to represent this domain.
There is no definite meaning to the colors found in the flag of Italy. However, the following information are commonly believed of what each color represents:
The green stripe represents:
1) Hope
2) Joy
3) Italy's plains and hills
The white stripe represents:
1) Honesty
2) Peace
3) Italy's Snowy Alps
The red stripe represents:
1) Charity
2) Bravery
3) Strength
4) The blood that was lost in the Wars of the Italian Independence
5) Bravery during the Roman times.
Many Italian experts have different interpretations on the meaning of each colours. There many arguments and different perspectives regarding this situation.
Work Cited:
http://www.italylogue.com/about-italy/italian-flag-what-the-colors-mean-a-little-history.html
http://www.initaly.com/gene/flag101.htm
http://www.lifeinitaly.com/potpourri/italian-flag.asp
http://www.ehow.com/about_4578583_italys-flag.html
Sunday, September 26, 2010
The monetary of France
Every country has its means of trading; even the currencies have different value in the economic world. The monetary of France is based on decimals, with the primary units of currency which is Euro:
As we can see from the chart, the exchange rate of France changed a lot after 1999-the time when European countries agree to use same currency. The exchange rate is fluctuating up and down of 1:1.
- One coin=0.01 of a Euro
- Two coins=0.02of a Euro
- Fifty coins=0.5 of a Euro (About.com)
According to the Encyclopedia of the Nations, “The French franc is one of the reserve currencies of the world. However, its influence is nowhere close to that of the United States dollar” (nationsencyclopedia.com).
In 1999, France as well as other certain European countries agrees to have a common currency in Europe just like the US dollar in Unite State. (nationsencyclopedia.com)
Exchange rates: France
Euros per US$1
Exchange rates: France
Euros per US$1
As we can see from the chart, the exchange rate of France changed a lot after 1999-the time when European countries agree to use same currency. The exchange rate is fluctuating up and down of 1:1. Source: http://coins.about.com/od/worldcoins/ig/World-Coins-Gallery-Index/French-Money---Coins.htm
Source: http://www.nationsencyclopedia.com/economies/Europe/France-MONEY.html
Source: http://www.qikan.com.cn/Article/scxd/scxd200727/scxd200727243.html
Source: http://www.qikan.com.cn/Article/scxd/scxd200727/scxd200727243.html
Source: http://www.indexmundi.com/france/economy_profile.html
Source: http://www.nationsencyclopedia.com/economies/Europe/France-MONEY.html
Source: http://www.qikan.com.cn/Article/scxd/scxd200727/scxd200727243.html
Source: http://www.qikan.com.cn/Article/scxd/scxd200727/scxd200727243.html
Source: http://www.indexmundi.com/france/economy_profile.html
The overview of France (Unemployment rate and inflation rate)
By the end of 18th century, France is one of the richest countries. Industrialization started to be the trend in France just like in other European countries. However, France failed to maintain its movement and still remain as an agriculture nation at the end of 19th century.
However, even its slow movement and stimulation of World War, France finally became one of the economically nations of the World.
According to Index Mundi, the unemployment rate of inflation was defined as “This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted” (indexmundi.com).
The unemployment rate of France shows below from 2000 to 2009.
Inflation Rate
According to Index Mundi, the inflation rate of inflation was defined as “This entry furnishes the annual percent change in consumer prices compared with previous year’s consumer prices” (indexmundi.com).
According to Trading Economics, “The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: France Inflation Rate chart, historical data and news” (tradingeconomics.com).
Following below is the inflation rate chart of France from 2000 to 2009. We can easily tell that the inflation rate of France jumping between the “healthy ones “ and “ unhealthy ones”
Source: http://www.indexmundi.com/g/g.aspx?c=fr&v=74
Source: http://www.indexmundi.com/g/g.aspx?c=fr&v=71
Source: http://www.tradingeconomics.com/Economics/Inflation-CPI.aspx?Symbol=FRF
However, even its slow movement and stimulation of World War, France finally became one of the economically nations of the World.
According to Index Mundi, the unemployment rate of inflation was defined as “This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted” (indexmundi.com).
The unemployment rate of France shows below from 2000 to 2009.
Inflation Rate
According to Index Mundi, the inflation rate of inflation was defined as “This entry furnishes the annual percent change in consumer prices compared with previous year’s consumer prices” (indexmundi.com).
According to Trading Economics, “The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: France Inflation Rate chart, historical data and news” (tradingeconomics.com).
Following below is the inflation rate chart of France from 2000 to 2009. We can easily tell that the inflation rate of France jumping between the “healthy ones “ and “ unhealthy ones”
Source: http://www.indexmundi.com/g/g.aspx?c=fr&v=74
Source: http://www.indexmundi.com/g/g.aspx?c=fr&v=71
Source: http://www.tradingeconomics.com/Economics/Inflation-CPI.aspx?Symbol=FRF
Friday, September 24, 2010
China's yuan hits new high against US dollar
The central parity rate of the yuan, China's currency Renminbi (RMB), hit a new high at 6.7172 per U.S. dollar, gained by 9 basis points Friday, extending the Chinese currency's gains to seven consecutive trading days, according to the data released by the China Foreign Exchange Trading System.
The Chinese currency has seen increased volatility since the central bank announced on June 19 this year to increase exchange rate flexibility.
US Treasury Secretary Timothy Geithner called on China to allow significant, sustained appreciation over time in testimony prepared for congressional hearings on China's currency policy.
"Adding pressure will not resolve trade issues between China and the US the country's exchange rate reform will only be pushed forward in accordance with economic conditions and balance of international payments," Foreign Ministry spokeswoman Jiang Yu said at a media briefing.
"Adding pressure will not resolve trade issues between China and the US the country's exchange rate reform will only be pushed forward in accordance with economic conditions and balance of international payments," Foreign Ministry spokeswoman Jiang Yu said at a media briefing.
Monday, September 20, 2010
Italy and a basic view of it's economy
Italy is a country well known for its:
- Cuisine, Roman Catholic Church, The Pope, signature brands of cars and fashion, architecture, renaissance, wine, coliseums, opera, romance, museums, history and etc.
The Gross Domestic Product for Italy that was reported in the last quarter is an annual rate of 0.40 percent. The picture below illustrates a better picture of Italy’s Gross Domestic Product over the years.
The Inflation rate for Italy that was reported on August 2010 was 1.40 percent. The picture below illustrates a better picture of Italy’s inflation rate over the years.
The Unemployment rate for Italy that was reported on June 2010 was 8.50 percent. The picture below illustrates a better picture of Italy’s unemployment rate over the years.
The Gross Dometic Product, Inflation rate and Unemployment rate are a few things to consider and examine in a country. It’s important to know these factors to better our knowledge with the country of our interest. Addititionally, It will help us give a clearer picture of the country itself.
Sunday, September 19, 2010
China Economic profile
In the last 30 years, China’s economy has changed from a centrally planned system to a more market-oriented economy and has a rapid growth, averaging 8% growth in GDP per year.
Measured on purchasing power parity (PPP), China in 2009 stood as the second-largest economy in the world after the US, though the per capita income is still lower middle-income.
Measured on purchasing power parity (PPP), China in 2009 stood as the second-largest economy in the world after the US, though the per capita income is still lower middle-income.
Source: EIU Country Data
The economic of France
France is always a dream for girls when they are young. We dreamed to be the princess who lives in the castle. We dreamed to be happly foverover just like what the fairy tale told us. However, is France really a nice place to live and what is the real life looks like in France? I will analyze the economic of France based on GDP, the growth of GDP, Inflation rate, and unemployement.
Here is the GDP value of France since 2000
| Year | GDP (Billion) |
| 2000 | 132.8 |
| 2005 | 213.64 |
| 2006 | 224.8 |
| 2007 | 254.57 |
| 2008 | 286.7 |
| 2009 | 266.02 |
<"世界历年数据 世界各国(地区)GDP总值排名2000-2009." N.p., n.d. Web. 19 Sep 2010. <http://hi.baidu.com/dlxywy/blog/item/5c38c9357644cd1f91ef3966>
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