China’s Economic Growth and Demographic Structure Essay

Wei and Hao (2010) argue that changes in demographic structure have helped fuel China’s economic growth since 1989. Demographic structure is described as the age distribution of a population (Wei & Hao, 2010) and is usually measured by the total dependence ratio, which is the ratio of the total number of the dependent population to that of the working-age population. The economic growth refers to the income growth in China, measured by China’s per capita GDP. 2. The relation between China’s economic growth and demographic structure Changes in demographic structure affected the economic growth in China, mostly in the long run (Wei & Hao, 2010). The decline in the dependency ratio accounted for about one-sixth of the provincial growth rate of GDP per capita in 1989-2004 (Wei & Hao, 2010). Declining dependency rates imply that the working-age population is growing more rapidly than the population as a whole which will lead to more rapid growth of per capita GDP for any given increase in productivity per worker (Naughton, 2007). In other words, there are more productive workers with valuable human capital. Particularly the lower youth dependency ratio, due to the increasing levels of education and government policies like the ‘one child’ policy, influenced the income growth in China. Furthermore, the launch of the market reform is found to have greatly improved the efficiency of the labor and capital markets (Wei & Hao, 2010) and thereby influence d the economic growth. Wei and Hao (2010) explain this by the effect of market reforms, which improved the flexibility of the labor market and the capital market and turned the expanded working-age population to employment and translated accumulated savings into productive investment. Another aspect argued by Naughton (2007) is the transforming of China from predominantly low skill, hard physical labor to a middle-income economy where education and skill begin to transform the nature of work for many workers. Wei and Hao (2010) also suggest that economic growth has helped to lower birth rates, delay women’s mean age at the first marriage and extend life expectancy. Due to Wei and Hao (2010) there is a reverse causality between demographic structure and economic growth. 3. Impact of the One-Child Policy According to Wei and Hao (2010) and Naughton (2007) the One-Child Policy has had important impacts on China’s economic development but they also argue that it may need to be reconsidered. They argue that China is transitioning to an ageing society and if the one-child policy were to be relaxed, they expect birth rates to rise modestly and the rapid trend towards ageing would be ameliorated to some extent. In my opinion it is risky to change the one -child policy because I expect a fluctuating dependency ratio with periods of economic growth varied by periods with economic decline, because of the fluctuating working-age group. I think China needs to cope with one period with a high elderly dependency ratio to reach a long period with a more stable total dependency ratio. In other words, I think it is necessary to prevent periods varying from a high birth rate (allowed by the government) to a low birth rate (with policies to prevent the population to grow). – Wei, Z. & Hao, R. (2010). Demographic structure and economic growth: Evidence from China. Journal of Comparative Economics, 38, 472-491. – Naughton, B. (2007). The Chinese economy: Transition and growth. Cambrigde MA: The MIT Press.

Grolier International Dictionary

As defined by the Grolier International Dictionary, Weaknesses is the state or quality of being weak; it is a personal defect or failing. When one encounters an opportunity and weaknesses penetrate him in same time, he shouldn’t choose any other way but to manage do overcome or minimize it. One of the weaknesses I think most people do possess while he’s on his way of achieving his goal, which also should be controlled of is ‘being so self-centered’. This makes a person so sure of himself not thinking of the consequences his actions might cause.Too much proud of one’s self may bring him forget the others by whom he gets his strength from. He’ll attempt to throw away the reliable assets on his crap because he thinks that he is above all and doesn’t need help to anyone else. This could also make him so focused on looking ahead; embracing the forward successes he might get in with his strength, capability, and knowledge. But forgetting from whom, where, what he has been back in his life could also lead to something which is hard to avoid from, too hurtful when it strikes on, the karma.Another weakness is to be ‘hesitant’, afraid to gamble in reaching for his goal. This could be another threat in one’s ambition of success for he can be under perspective in carrying out his plans. While he lacks his confidence to continue improving himself and work, he may likewise lose track of his point of view. On the other hand, if there could be one weakness which is somehow helpful to one’s career, by balancing and setting off the whole situation for the moment. Resisting the desire of winning a certain race may cause a person to self-pity and lose his hope.By putting his heart, to be ‘irresistible’ in a better way , controlling as well as weighing every technique to be accurately performed are the thumbs-up characters a venturer should possess while attaining his aim or goal. When a person learns to practice ‘patience’ and fight for his belief, principle, and stand, he could kill the time from ticking so fast and focus on the better outcome of his objective. Since he got an effective and strategic planning technique, the SWOT Analysis is a great help to one’s own success.

Small Business Enterprise Essay Example | Topics and Well Written Essays - 3000 words

Small Business Enterprise - Essay Example keeps the organisation tightly controlled by the family members and related investors without worry of missing payments to different lending institutions. Little Yang Sing does not have a broad menu or is the dà ©cor overly fashionable, it is more of a casual restaurant that provides quality Asian-inspired food to many different demographics. The business’ greatest strengths lie in marketing and human resources, especially in areas of recruitment and satisfying workers at the motivational level. This report discusses the strengths of the business’ marketing approach and how it has developed a better small business human resources system to gain better employees. The information gathered for this report came from secondary research and primary research in the form of a telephone interview conducted with a silent investor involved with the launch and operations of Little Yang Sing. It should be noted that Little Yang Sing has only six employees, including ownership that is active in the day-to-day operations of the company in order to save costs on payroll. There are 441,200 people in the Manchester region who are able to support the ongoing operations and profit expectations for the Little Yang Sing restaurant (tripatlas.com, 2009). However, in the warmer climate months, Manchester supports many world-renowned events and foods festivals which bring many different domestic and international customers into the Manchester area. This gives opportunities for Little Yang Sing to, literally, promote itself to millions of potential customers during the tourist season. Of the 441,200 people in the area, 81 percent are of white ethnicity, with only an additional nine percent being of Asian culture (statistics.gov.uk, 2009). This means that Little Yang Sing must consider how to market its rather limited menu to people who are not of Asian descent, therefore this small business must consider the demographic trends of the high white population in order to create marketing

Integrated fashion logistics Essay Example | Topics and Well Written Essays - 3500 words

Integrated fashion logistics - Essay Example As far as the retail business was concerned the key indicator of sales success was the proportion of 'full price sales' achieved by the company, as opposed to garments being sold at a discount during the 'sales' period. Such discounts on garments offered on end of season sales may go even up to 50% of the prices depending on the style and demand for particular garments. There are several logistical models available to help speeding up the supply chain management and thereby improve the profitability of the company. This paper attempts to discuss some the models such as Quick Response (QR), Fast Fashion and Mass Customisation, which help in improving the efficiency of the supply chain management. The study also analyses the relationship between these models and the relative merits and demerits of the respective models available to the organisation employing these models. "More than ever before speed has become a source of competitive advantage. Competing on speed requires an organisation characterised by fast moves, fast adaptations and tight linkages. .. Forming alliances is one of the most effective avenues for competing speed. The best example is the textile industry's quick response initiative, designed to improve the flow of information, standardise recording systems, and reduce turnaround time along the entire supply chain from fiber to textiles to apparel to retailing." - Roberta S. Russell, Bernard W. Taylor Operation Management: Edition IV (2003). pp 37. Quick Response (known shortly as QR) is best suited to Fashion Retail Industry. This is due to the following factors: Seasonality - This is the main factor which necessitates the speed in the supply chain of fashion retailers. Products are made according to a predetermined standard size and there is no time to revise the outfits once manufactured. Pricing - Especially with the seasonality factor, garments which have note reached in time to the retail store may have to be sold at heavily discounted prices. Excessive lead time due to the fashion collections being prepared by the designers considerably before the time the garment reaches the retail stores put an element of distortion in sales due to faulty or unacceptable designs. "Few industries are as notorious as the apparel industry for having such difficulty predicting demand," observed by Marion Bragger (2004) 2.1 METHOD OF OPERATION OF QUICK RESPONSE: The essential features of the Quick Response method are outlined below: By convincing a potential and dependent supplier of garments, the manufacturing facility may be split into, some capacity doing production in normal way and a certain minimal part of the production capacity can be converted into following the QR approach. The management of the factory should have a meeting with the workers to educate them on the necessity and operation methods of the QR system, so that any initial resistance from the workers side may be controlled. The next step is to form the QR teams with workers selected from the existing workers either by the management or voluntary QR teams can be

Organic is the solution Research Paper Example | Topics and Well Written Essays - 1000 words

Organic is the solution - Research Paper Example Over the years, consumer behavior has been observed that seeks low prices for food items as consumers spend more money frequently on food items as compared to any other product. This has created a huge demand for inorganic foods in the market. The purpose of this report is to provide useful information about the use and availability of organic food items. In this action research report, findings from a personal visit to Wal-Mart store are presented regarding availability and other factors affecting sale of organic foods. This would allow generalization of findings related to lower demand for organic foods and also, set out recommendations for boosting their consumption. A general understanding about organic foods is that they cost more than inorganic foods to purchase. There are several reasons for organic foods to be more expensive. These are not only related to the cost of production, but also to various factors, which indirectly affect production of organic foods. Limited availabi lity of land restricts supply, which causes rises in price. Low turnover per employee working on the farm results in higher costs of production. Limited supply has direct effect on the transportation and distribution costs (FAO). In the US, organic food producers are required to obtain a certificate from US Department of Agriculture, which is very expensive to attain. The pre-requisites of this certificate require producers to have new equipment and methods to ensure consumer safety and maintain the standards of quality (Canavari and Olson). This adds to the costs of producing organic foods. At Wal-Mart, the phenomenon of higher costs and pricing is observed. The data for different food items both organic and non-organic are compared and it is clear that for the same product the price of organically produced item is higher than that of non-organic foods. For example, at Wal-mart, Avocados-Hass (non-organic) is sold at a price of $0.99 per unit; whereas, the price of Avocados-Hass (o rganic) is $1.61 per unit. It has been noted that all food retailers including major supermarkets or corner shops display and sell inorganic foods with limited space provided for organic foods. The display of organic food items in the store plays an important role in attracting customers. Since, the consumer choice of organic items is limited therefore, it is important for retailers to invest in adjusting designs of their stores to display organic items clearly. All major retail markers have clearly designated areas for shelving organic items. Although, Wal-Mart has clearly placed signs for organic items, but genetically modified products are also shelved very near to organic food items, which often confuses consumers and they end buying products that are not organic. Moreover, there is a lack of marketing and advertisements of organic products in the store. In comparison, non-organic products and brands are displayed in visible areas of the store. There is a common agreement on the view that organic food items are beneficial for humans as they are free from industrial chemicals and preservatives, which increase the age of non-organic food items (Givens; Langley). However, there is a limitation to this as the shelf life of organic food items is short. Since, the supply of organic food items is slower as compared to the demand therefore it becomes difficult for stores to replenish their empty shelves. For retail stores, empty shelves are considered as their loss as unsatisfied customers shift to other retail

MKT 301 MOD 2 CA Essay Example | Topics and Well Written Essays - 1250 words

MKT 301 MOD 2 CA - Essay Example Marketers position their brands in a distinct manner to ensure that the target consumers find a reason to purchase their products in preference to others. In position, a marketer identifies a target market for a product or service through the strategies of price, promotion, place and packaging (Cooper 25). Through constant use of a certain product brand, consumers develop relationships with the brand and it becomes a part of them. This paper examines the relationship consumers have with Hunt’s tinned tomatoes and Dr. Coldfinger’s medical services. It also determines if people have relationships with all brands and distribution of brands. Fournier argues that consumers have relationships with the brands they use. Fournier asserts that for consumers to have a relationship with brands, there must be some interdependence between the two. The characteristic of interdependence is enhanced to the scope that brands are humanized, personalized and somewhat animated (Fournier 344). In addition, just like the way relationships between people reflect common features between the two participants, brand relationships also do the same. Moreover, Fournier compares particular types of human relationships with brand relationships that are similar. The aspect of a brand as a relationship partner broadens the understanding of brands beyond the concepts of loyalty, brand satisfaction, brand personality and brand attitude. The objective of analyzing these concepts is to consider brands as contributing partners to the customer in the dyadic relationship. Fournier argues that brands can and often do serve as feasible relationships partners . The relationships between consumers and brands involve mutual exchange between interdependent partners and it is purposive in providing meaning to the people involved (Fournier 350). In addition, this relationship provides a variety of potential benefits to participants and with time, these interactions change according to fluctuations in the

Culture and Health Applying Medical Anthropology Essay

Culture and Health Applying Medical Anthropology - Essay Example Examples of risk factors are: smoking, bad sexual practices and bad hygiene, while examples of protective factors are: sexual restrictions such as monogamy. It is due to these risk and protective factors that some cultures are known for some diseases, while some other cultures stand lesser risks of contracting certain types of diseases (Winkelman 20). There are some environmental and social conditions that affect the health of my community, Montclair, New Jersey. One of the environmental conditions that have had a negative impact on New Jersey is traffic congestion. This is due to the increase in the volume of vehicles that ply the Montclair route from time to time. The effect that the increased volume of vehicles in the city has on the health of the residents of the city is that it makes them have climate-related health problems. The emission of greenhouse gases by these vehicles causes air pollution and the effect is that it would alter the balance of the climate in the region and the world at large (Silver 27-29). It has also been observed that the number of smokers in the city have increased rapidly. Smokers stand the risk of contracting heart related diseases and could also get diseases that would affect some vital organs of their body.