Goldman Sach's Forecast for BRIC Economies Assignment

Goldman Sach's Forecast for BRIC Economies - Assignment Example 2000, p.42). In stark contrast to the position in the United States, the Japanese economic 'miracle' has been founded on principles completely alien to classic economic theory. Where the free play of market forces dictates vigorous competition, the Japanese economy is managed on the basis of consensus; where the Anglo-American model prescribes minimal government intervention, the Japanese economy flourished precisely because the state has intervened massively to safeguard domestic markets from foreign competition and to support the establishment, growth and export potential of key industry sectors, including the advanced technology sectors. If the break-up of the Soviet Union constitutes the most dramatic development of the post-Second World war era, arguably the most significant has been the gradual but steady evolution of the European integration (Anderson et al. 2000, p.62). The establishment of the European single market in January 1993 superseded the laws of the first 12 member states and it has been estimated that 60 million border-crossing regulations were abolished. As of 1996, the total 15 country GDP had increased by some $150 billion and employment rose by some 300,000-900,000 (Anderson et al. 2000, p.64). Unfortunately, as Goldman Sachs put it, these three of the world's largest economies may look quite differe... If things go right, in less than 40 years, the BRICs economies together could be larger than the G6 in US dollar terms. By 2025 they could account for over half the size of the G6. Of the current G6, only the US and Japan may be among the six largest economies in US dollar terms in 2050 (Wilson and Purushothaman 2003, p.1). This article briefly presents the implications BRIC countries have to face if they are to realize Goldman Sachs' prediction by 2050. this article will also deal on some of the BRICs' potential that would aid them to be the next economic superpowers. The Context of BRIC Countries Wilson and Purushothaman (2003, p.4) state that the progress of the BRICs will be critical to how the world economy evolves. If these economies can fulfill their potential for growth, they could become a dominant force in generating spending growth over the next few decades. Another characteristic of the BRIC countries' economic development is that generally their economic growth has fluctuated more strongly than has been the case for the developed countries. This tendency magnifies the significance of the BRIC countries to the global economy, since the fluctuations in their growth explain a relatively larger share of the global cyclical fluctuations than their economic weight would indicate (Jensen and Larsen 2004). Taking each of the BRIC economies briefly, the following are the implications that each country would experience if they are to attain the Goldman Sachs' prediction: Brazil. Over the next 50 years, Brazil's GDP growth rate will average by 3.6%. The size of Brazil's economy will overtake Italy by 2025; France by 2031; UK and Germany by

Principles of logisties management Article Example | Topics and Well Written Essays - 1250 words

Principles of logisties management - Article Example Besides the support of market information, business planning, financing, marketing, and many more, one of the most important services that DKSH provides is the logistics and warehousing (1DKSH, n.d.). However, the article intends to reveal the current order processing, the mode of controlling inventories and the use of ICT. Moreover, some of the recommendations are also being sighted, so that DKSH would be more effective and efficient in its logistics service. Finally, a conclusion is also being drawn. The current order processing of any logistics organisation in the present world scenario faces multiple challenges. DKSH one of the leading outsourcing organisation in the world, which provides logistics services to various entities still could not avoid such challenges. DKSH has over 180 centres that distribute goods in a wide variety of over 3, 00,000 products and serving more than 5, 00,000 consumers through representing more than 5,500 suppliers. Moreover, they have their own warehousing and the facility of third part logistics. It is also been constantly searching for the Key Performance Indicator (KPI) that would improve their efficiency and effectiveness. Further, it has GMP-compliant healthcare centre, which is of the state of the art and is of a whooping number of 18 (2DKSH, n.d.; 5DKSH, n.d.). However, there are numbers of issues that are required to be considered by DKSH with regards to logistics. One of them is regarding the numerous categories of products, which gives a good challenge for the proper order processing of those goods. Moreover, high protection requirement to some of the vulnerable goods that might get damaged due to environmental risk during the order processing flow. Further, with the onset of globalisation, the logistics market has become very competitive and challenging. Furthermore, the demand for some of the products are also seasonal based. Thus, the uniformity of the service requirement may not be present throughout the year. In

Apply critical thinking skills and evidence based practice concerning Essay

Apply critical thinking skills and evidence based practice concerning chronic disease in older adults and management of nursing - Essay Example The insulin receptors are unresponsive, a factor that is contributed by genetic predisposition and lifestyle (Spiegel & Hawkins, 2012). Type 2 is the more predominant in the population compared to type 1. The disease can be life threatening if not managed well; however, good management can result into relatively better living. Type 2 diabetes is accompanied by several symptoms. The body is unable to conserve water, a condition that results to polyuria. Because of the uncontrolled sugar levels, high blood sugar results, the individual exhibits a state of reduced consciousness and low blood pressure. In addition, the person produces sugary urine. This situation prompts an individual to develop increased thirst a condition called polydipsia. The disease is also associated with blurred vision, peripheral neuropathy, increased hunger, and gradual weight increase among others. Early detection is very essential for effective management of the disease. Other signs and symptoms that have been identified to accompany the disease include a state of tiredness and lethargy, very slow healing of wounds and cuts, swinging moods, a feeling of dizziness and sometimes headaches (Spiegel & Hawkins, 2012). ... They are also obliged to avoid smoking and taking every prescription faithfully. For low-level production of insulin, the patient can be prescribed to take insulin in order to control insulin levels (Diabetes Australia, 2013). No known cure has been developed for Diabetes type 2. However, some medication is given to reduce the levels of the disease symptoms. Five main classes of drugs have been developed. Firstly, the biguanides are insulin tablets are helpful in reducing the levels of glucose through reducing the levels of stored glucose, increasing insulin sensitivity and reducing the intestinal absorption of glucose. The second category are the thiazolidinediones, these are also insulin tablets that targets the patients’ insulin and activate it. These drugs have been known to target fat and muscle cells. Meglitinides and sulphonylureas are given to patients to stimulate production of insulin by the pancreas hence helping reduce blood sugar levels. Alpha glucosidase inhibito r prevents the digestion and absorption of most of the carbohydrates in the stomach and intestines (Diabetes Australia, 2013). Medical practitioners are required to understand the dynamics of the disease in order to combat it effectively. Regular follow up visits should be done, during the time which the nurse should discourage the patient from smoking, their blood pressure is checked, their weight, a review of the symptoms is done as well as a review of self-monitoring. This review should be done quarterly. Annually, the nurse in charge should conduct a more thorough assessment by checking for any complications, reviewing the goals of management, considering a referral to a specialist and updating the immunization schedule. During these periods, should conduct a full physical