The Gross Domestic Product (GDP) of Germany has continually increased, creating a positive slope when the data is graphed. As of 2016, Germany’s economy produced over three trillion dollars as measured by GDP (GDP (Current US$,2018)). Germany, as a percent of the world’s economy, represents about five and a half percent as of 2016 (Trading Economics, 2018). The history of Germany’s GDP dates to the 1970s, when it was their lowest recorded GDP of about two hundred and fifteen billion dollars. From the 1970s until 2016, Germany averaged about one thousand nine hundred billion dollars and reached an all-time high in 2014 with a GDP of about three thousand and nine hundred billion dollars (Trading Economics, 2018).
Also, I would refer to some of the major references that I would consultant. I have chosen German for phonetic analysis for many reasons. First, Germany is one of the strongest economic power in the world. It is the second largest exporter in the world. The economy of German ranks the first position in Europe and the forth one in the world.
China has the second largest economy in the world followed by the U.S. In 2012, China was the 18th fastest growing economy. (www.economywatch.com) In 2013, China became the world’s largest exporter. $2.21 trillion worth of production was exported around the world. China also manufactures for business from other countries.
Although the growth rate in Europe is lower than other regions, it is important to maintain the quality of products and services. In addition, LV can put emphasis on Asia-Pacific market as this market has the highest growth rate, which is about 10%. The fastest growing region is in Great China, where its sales have grown by almost 30% (Pearce& Robinson, 2013). Since the company does not have its online shops in China, it can expand the market by selling products through online channels. In this way, LV may offset the decline of growth rate in Europe by increasing purchases from China.
Large percentage of Germany's men were passed on. Germany was count up the biggest client of the U.S. welfare state, but with the hard work, Germany was going to be built again, and ten years later people were speaking about the German economic miracle. The two main reasons were a currency reform and the dismissal
Market watchers say that the definition of luxury is becoming increasingly blurred. In the past, exclusivity may have been one attribute associated with a luxury brand, but this was largely the consequence of an expensive price tag. What is critical, experts say, is protecting a brand’s equity, which remains one of the most important assets for German premium carmakers. Mercedes and BMW are estimated to be the second and third most valuable car brands in the world after Toyota. Millward Brown, a leading market research firm that publishes annual rankings, estimates that BMW is worth $26.3 billion and Mercedes is worth $21.8 billion.
The EU is the world's biggest trader, accounting for 16.5% of the world's imports and exports. The EU is the world's biggest exporter of manufactured goods and services, and it is the biggest import market for over 100 countries. It is also the world's largest single market area. The EU's rules on competition are designed to ensure fair and equal conditions for businesses, while leaving space for innovation, unified standards, and the development of small
Their life expectancy was 68 - 98 years and fertility rate was 2.3% and the net immigration has increased drastically especially with the acquisition of northern Ukraine. Russia was chosen as a target market because of their surging economy and Russia been the largest country in the world as they occupy one- eighth of the earth’s inhabited land area. Russia is also blessed with a population of 143million people with GDP of -4.9% and they have been graded as the fastest growing economy by G8 analysis of industrialized nations. Russia also has a very low level of public debt and their financial institution has really improved with modern banking infrastructures. They have a lucrative market and the exchange rate is $31.5 Russia is also a unique target because of the very young consumer society who are pric conscious but always over willing to pay for the quality perceived from any product.
This capital city can be developed into an attractive option as a transit hub to Europe. It also has its own advantage as Kuwait is slightly nearer to Europe in comparison to Doha in Qatar and Dubai in UAE. The Kuwaiti dinar is also ranked the highest currency in the world. This is mainly because Kuwait is great exporter of oil and also being a tax-free country where the oil industry accounts for 75% of the government revenue. Petroleum and petrochemicals accounts nearly half of GDP and 94% of export revenues and government income.
And find out the deficiencies and solutions based on the economy problems. Key words: Economy, China, Problem, Achievement, Reform Introduction: There is no doubt that China has made the most outstanding achievement in developing countries since 1980s. Even if it does not incorporate Hong Kong, Macao and Taiwan into statistics, China has also become the world 's second economic power, the first manufacturing country and the largest exporter, with the largest foreign exchange reserve in the world and unprecedented in human history.It is widely regarded by the international community as the world biggest winner in economic globalization since 1990s. However, what is the final result of China 's rapid economic development over the past decades? Is there a lot of problems?