A recession is the contraction phase of business cycle. The official agency in charge of declaring that the economy is in a state of recession is the nation bureau of economic research. According to NBER the recession is defiend as “Significant decline in economic activity lasting more then a few months”‚ which is normally visible in GDP‚ real income‚ employment‚ industrial production‚ and wholesaler- retail sales. WHAT CAUSES RECESSION ? An economy which grow over a period of time tends to
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D.Q 1 Globalization is the acceleration and extension of interdependence of economic and business activities across national boundaries (Oded Shenkar. Yadong Luo). Over the years globalization has had its effects in different aspects of the economy and this has brought about different views as regards globalization. Globalization can be seen in different terms. For example financial globalization‚ economic globalization. Economic globalization is the increasing economic interdependence of national
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The automotive industry is compassed to six different manufacturers‚ General Motors‚ Ford‚ Toyota‚ Honda‚ Volkswagen and DaimlerChrylser. All six of these companies operate in the global competitive market place. Globalization in the automotive industry has moved fast or accelerated during the late 1990’s‚ because of the building of the important overseas companies and all the mergers between the companies. The specialists would to have indicated that the expansion of the foreign commerce in the
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Economics Automobile Industry There is no industry more present in the world-wide community than the automobile industry. The automobile has changed the lives‚ culture‚ and economy of the people and nations that manufacture and demand them. Ever since the late 1800s when the first "modern" car was invented by Benz and Daimler in Germany‚ the industry has grown into a billion dollar industry affecting so many aspects of our lives. There are more than 400 million passenger cars alone on the roads today
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Company History Perusahaan Otomobil Kedua Sdn Bhd (PERODUA)‚ established in 1993‚ is a joint venture company between Malaysian and Japanese partners. The shareholders of Perodua are UMW Corporation Sdn Bhd with 38% stake‚ Daihatsu Motor Co. Ltd. (20%)‚ MBM Resources Bhd (20%)‚ PNB Equity Resources Corporation Sdn Bhd (10%)‚ Mitsui & Co. Ltd (7%) and Daihatsu (Malaysia) Sdn Bhd (5%). Perodua mainly produces small-compact cars therefore does not directly compete with Proton for the
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The Automotive industry is one of the biggest and most important industries in our today’s world. For many people today it is inconceivably to not own a car‚ since they are depending on it to get to work or several other places like holidays or relatives or even to just make the local shopping trip easier. Within the Automotive industry there are several interesting things to look at. Starting with the history of the industry all the way to looking at modern industries’ leading manufacturers changing
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the french automotive industry analysis and statistics 2011 6.4 million m d te y l a tr ) re us bs ce ind jo a n e ct fr iv re n ot di s i om in er ut nd rk e a t a wo th rec to (di 2.3 million e id h w ncch ld reen ncres or f ffr rare –w o f f u n o inct le ioes s fa oP ctye eru n Pe ulo ra odP tum e Pr mfac u an 335‚000 1st industry s in a te (in nd d rm 20 ev s o 08 el f r ) in oP es fr me ear a n nt c ce bu h dg et v by ehic th fr le ro en s w ug ch er ho m e
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The Indian Automotive Industry Evolving Dynamics KPMG IN INDIA Foreword The automotive industry is one of the focus industries for KPMG globally‚ given its importance both in the mature economies of countries such as the US and Germany‚ and in the emerging economies of China and India. The Indian automobile industry has emerged stronger from the recent global downturn‚ and sales across all segments have seen record breaking numbers in the recent past. While the Indian industry has much to
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Case study of automotive industries in Thailand Contribution of MNC’s in automotive industry: Most of the developing countries consider that the automotive industry will move the country toward an intensive industrialisation by creating a large set of related businesses. Thailand aims to be regarded as the Detroit of Asia. The country has engaged in the last few decades in the development of the automotive industry‚ with a special focus on domestic auto-assembly. Thailand is the world’s
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3. Facts Bearing on the Problem 4. Discussion 5. Conclusion 6. References 1. Executive Summary: The German automotive industry with about 720‚000 jobs is one of the biggest industries and dominant employers in Germany and one of the biggest automotive industries in the world (Herbst‚ 2009). With brands like Mercedes Benz‚ Volkswagen‚ Opel‚ BMW‚ Audi and Porsche this industry is major in car manufacturing and technology. According to Taylor (2010) Volkswagen “is the No. 1 automaker in Europe
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