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/
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