This document provides an overview of Andalucía, the autonomous community located in southern Spain. It notes that Andalucía has the second largest population in Spain at 8.4 million people and that 25% of Andalucians have a tertiary education, slightly less than the national average. The document also discusses Andalucía's history under Moorish rule, geographic location with coastlines on the Atlantic and Mediterranean, its eight provinces with Málaga receiving the most tourists, and cultural influences from its Islamic past visible in sites like the Alhambra.
India has a population of over 1.2 billion people and a GNI per capita of $1,270. 37% of Indians live below the national poverty line. Life expectancy is 65 years and infant mortality is 48 per 1,000 live births. The economy grew at an average annual rate of 8% from 2000-2010, with services and manufacturing being the largest sectors. Exports and imports grew at average annual rates of 14.7% and 15.9% respectively over the same period.
The document summarizes Brazil's strong macroeconomic fundamentals and growing banking sector opportunities. Brazil achieved low inflation, declining interest rates, strong GDP growth, and falling unemployment. This stable environment and growing middle class have increased access to banking and credit. While credit penetration remains low, the banking system is well-capitalized and profitable with sound underwriting. The unique Brazilian context presents banks opportunities to profit from continued differential growth, bancarization, and a stable financial system.
Saint Lucia is a Caribbean island country with a population of 172,000 people within an area of 619 square km. Its GDP grew between 2000-2010, though it declined in 2009. The current account balance was negative throughout this period due to imports exceeding exports. Exports include edible fruits and beverages, while imports are mostly mineral fuels and vehicles. The main trade partners are the United Kingdom, United States, Trinidad and Tobago, and Barbados. Travel is the top service export, while transportation leads imports.
This document provides economic indicators and trade data for St. Kitts and Nevis from 2000 to 2010. The population is 46,000 and area is 269 square km. GDP grew between 2000-2008 but declined in 2009. GDP per capita was highest in 2008 at $10,764. The current account balance was negative every year. The top export partners are the United States and United Kingdom and top imports are from the United States. Exports are dominated by electrical equipment and imports by mineral fuels and oils. The largest service exports are travel and other business services.
Unilever Thailand entry – Award for best HR strategy in line with businessAmm Vacharavadh
This document provides an overview of talent and organization readiness assessments conducted between 2007-2011 by Unilever in Thailand. It highlights key initiatives and changes during this period related to recruitment, employee relations, people development programs, and organizational restructuring efforts. Metrics such as attrition rates, management headcount, and employee engagement scores are also reported annually. A timeline is included proposing upcoming weeks for assessment updates and synthesis.
Aldert de Vries - Demographic change in the NetherlandsOECD CFE
Presentation by Mr. Aldert de Vries, Ministry of Interior and Kingdom Relations in the Netherlands at the OECD LEED conference on "Demographic transition and ageing society - Implications for local labour markets" (Lodz, Poland), 21/-22 March 2013
The document summarizes international book market trends in 2011 based on Nielsen BookScan data. Key findings include that major book markets saw sales declines as consumer confidence remained low globally. The impact of e-books on print book sales was significant in the US and UK, and this effect is expected to grow. India saw strong book sales growth, showing opportunities in developing markets. The presentation also found that comprehensive metadata listing details about books led to substantially higher sales.
India has a population of over 1.2 billion people and a GNI per capita of $1,270. 37% of Indians live below the national poverty line. Life expectancy is 65 years and infant mortality is 48 per 1,000 live births. The economy grew at an average annual rate of 8% from 2000-2010, with services and manufacturing being the largest sectors. Exports and imports grew at average annual rates of 14.7% and 15.9% respectively over the same period.
The document summarizes Brazil's strong macroeconomic fundamentals and growing banking sector opportunities. Brazil achieved low inflation, declining interest rates, strong GDP growth, and falling unemployment. This stable environment and growing middle class have increased access to banking and credit. While credit penetration remains low, the banking system is well-capitalized and profitable with sound underwriting. The unique Brazilian context presents banks opportunities to profit from continued differential growth, bancarization, and a stable financial system.
Saint Lucia is a Caribbean island country with a population of 172,000 people within an area of 619 square km. Its GDP grew between 2000-2010, though it declined in 2009. The current account balance was negative throughout this period due to imports exceeding exports. Exports include edible fruits and beverages, while imports are mostly mineral fuels and vehicles. The main trade partners are the United Kingdom, United States, Trinidad and Tobago, and Barbados. Travel is the top service export, while transportation leads imports.
This document provides economic indicators and trade data for St. Kitts and Nevis from 2000 to 2010. The population is 46,000 and area is 269 square km. GDP grew between 2000-2008 but declined in 2009. GDP per capita was highest in 2008 at $10,764. The current account balance was negative every year. The top export partners are the United States and United Kingdom and top imports are from the United States. Exports are dominated by electrical equipment and imports by mineral fuels and oils. The largest service exports are travel and other business services.
Unilever Thailand entry – Award for best HR strategy in line with businessAmm Vacharavadh
This document provides an overview of talent and organization readiness assessments conducted between 2007-2011 by Unilever in Thailand. It highlights key initiatives and changes during this period related to recruitment, employee relations, people development programs, and organizational restructuring efforts. Metrics such as attrition rates, management headcount, and employee engagement scores are also reported annually. A timeline is included proposing upcoming weeks for assessment updates and synthesis.
Aldert de Vries - Demographic change in the NetherlandsOECD CFE
Presentation by Mr. Aldert de Vries, Ministry of Interior and Kingdom Relations in the Netherlands at the OECD LEED conference on "Demographic transition and ageing society - Implications for local labour markets" (Lodz, Poland), 21/-22 March 2013
The document summarizes international book market trends in 2011 based on Nielsen BookScan data. Key findings include that major book markets saw sales declines as consumer confidence remained low globally. The impact of e-books on print book sales was significant in the US and UK, and this effect is expected to grow. India saw strong book sales growth, showing opportunities in developing markets. The presentation also found that comprehensive metadata listing details about books led to substantially higher sales.
India's population rose to 1.21 billion people. During the last 10 years, the population of india increased by 181 million, according to the 15th Census data released on 31st March 2011. significantly the growth is slower for the first time in nine decades.
India now accounts for world's 17.5 per cent population. It comprises 623.7 million males and 586.5 million females, said a provisional 2011 Census report. China is the most populous nation acounting for 19.4 per cent of the global population.
India’s headcount is almost equal to the combined population of the United States, Indonesia, Brazil, Pakistan, Bangladesh and Japan put together.
The population has increased by more than 181 million during the decade 2001-2011. The growth rate in 2011 is 17.64 per cent in comparison to 21.15 per cent in 2001. The 2001-2011 period is the first decade -- with exception of 1911-1921 -- which has actually added lesser population compared to the previous decade,
Among the states and Union territories, Uttar Pradesh is the most populous state with 199 million people and Lakshadweep the least populated at 64,429.
The combined population of UP and Maharashtra is bigger than that of the US. The highest population density is in Delhi's north-east district (37,346 per sq km) while the lowest is in Dibang Valley in Arunachal Pradesh (just one per sq km).
The Census indicated a continuing preference for male children over female children. The latest child sex ratio in is 914 female against 1,000 male--the lowest since Independence.
According to the data, literates constitute 74 per cent of the total population aged seven and above and illiterates form 26 per cent.
The literacy rate has gone up from 64.83 per cent in 2001 to 74.04 per cent in 2011 showing an increase of 9.21 per cent.
The male population has grown by 17.19 percent to reach 623.7 million (62 crore) while the female population has risen by 18.12 percent to reach 586.5 million (58 crore).
The absolute addition to India’s population during the last decade is slightly lower than the population of Brazil, the fifth most populous country in the world.
Uttar Pradesh has the largest proportion of the country's population at 16 percent, followed by Maharashtra and Bihar (nine percent each), West Bengal (eight percent) and Andhra Pradesh (seven percent).
This document provides an overview and analysis of unemployment costs and systems in the United States in 2011. It discusses rising national unemployment rates and long-term unemployment. Many state unemployment trust funds are insolvent, requiring over $40 billion in federal loans. The document analyzes proposals to manage unemployment costs, including changes to the Federal Unemployment Tax Act that could increase taxes for employers in states with outstanding loan balances.
TOWARD A BETTER MATERNAL AND CHILDREN CARE IN INDONESIAShela Sundawa
The document discusses maternal and child health issues in Indonesia and lessons that can be learned from India's National Rural Health Mission. In Indonesia, maternal and child mortality rates remain high, especially in rural areas, indicating weaknesses in Indonesia's health system. India has implemented the NRHM to improve rural health care access and reduce disparities between urban and rural areas. The NRHM aims to strengthen primary health centers, recruit community health workers like ASHAs, and leverage public-private partnerships to improve health outcomes across India. Overall, the document argues that Indonesia could apply lessons from India's NRHM to strengthen its health system and reduce maternal and child health inequities between urban and rural populations.
The document discusses America's retirement savings challenge and proposes Workplace Savings 3.0 as a solution. It summarizes that as (1) Americans are living longer while traditional sources of lifetime income are declining, (2) current 401(k) plans have hit ceilings on participation and savings rates, and (3) the Pension Protection Act helped but the 2008 market shock exposed risks. It then proposes that Workplace Savings 3.0 would build on the PPA with stronger protection against volatility, built-in lifetime income options, guidance for all participants, and legal safe harbors for employers.
Presentation built in the context of a real estate class taken at Brandeis International Business School.
In the perspective of a meeting with investors, the presentation was created to help gather investments of $100M split between three projects in China.
This document provides an outlook on the 2011 real estate market and recovery from the recession. It finds that while the recession is officially over, the recovery will be slow and uneven across states. Housing demand and prices are expected to gradually increase through 2011 as the economy and job market improve. Access to financing remains challenging due to tighter lending standards. The recovery is projected to follow a gradual "gravy boat" shape rather than a quick snapback. Younger generations are delaying homebuying, and demand from retiring baby boomers may be delayed until after 2015.
Trinidad and Tobago has a population of 1.4 million people and an area of 5,128 square kilometers. Its GDP grew significantly between 2000 and 2008 but declined in 2009. Inflation has generally been between 3-12% annually while unemployment declined from 12% to 5% between 2000 and 2006. The country's main exports are mineral fuels, oils, and inorganic chemicals, with its top export market being the United States. Imports are led by vehicles, mineral fuels, and articles of iron or steel, primarily sourced from the United States, Colombia, and Russia. The largest services exports are travel and transportation while the top services imports are transportation and travel.
The document discusses Metropolitan Business Planning (MBP) as a new approach for transforming regional economies. MBP applies private sector business planning disciplines to regional economic development. It involves analyzing a region's economic performance and market position, developing a shared vision and strategies, specifying products/services to implement strategies, creating operational and financial plans, and monitoring performance. Several metropolitan regions are adopting MBP approaches, working across sectors to coordinate economic development.
The document summarizes key economic and social trends in Brazil. It notes that Brazil has achieved macroeconomic stability with low and stable inflation, reduced interest rates, and resilience during the global financial crisis. Unemployment is at historic lows. Social mobility and access to banking services are expanding due to favorable demographic shifts and programs like positive credit lists. The Brazilian financial system is well capitalized and profitable.
The document summarizes key economic and social trends in Brazil. It notes that Brazil has achieved macroeconomic stability with low and stable inflation, reduced interest rates, and resilience during the global financial crisis. Unemployment is at historic lows. Social mobility and access to banking services are expanding due to favorable demographic shifts and programs like positive credit lists. The Brazilian financial system is well capitalized and profitable.
The Philippine economy grew at 3.7% last year, slower than other ASEAN countries but still managing growth despite global economic challenges. Strong consumer spending and growth in the services sector compensated for sluggish government infrastructure spending and declines in fishing. Inflation contracted to 2.7% while lending rates are at their lowest. Most institutions forecast 3.5-4.0% growth for the Philippines this year, supported by rising OFW remittances which exceeded $20 billion in 2011.
While Philippine GDP grew at a modest 3.7% last year, lower than neighboring ASEAN countries, strong consumer spending and the resilient services sector helped compensate. Office space options in Metro Manila are currently limited due to high demand from business process outsourcing firms. In the residential property market, over 33,000 new condominium units were completed last year with vacancy rates remaining below 6%. Major mall operators are improving shopping experiences through new technologies and attractions to increase foot traffic.
Robert Chote: Public finances and health careThe King's Fund
Robert Chote, Chairman of the Office for Budget Responsibility (OBR), shares the results of the OBR’s 2012 Fiscal Sustainability report, with a specific focus on health care spending.
The US economy is the largest in the world with a GDP of $15.1 trillion in 2010. It has transitioned from an industrial to a service-based economy, with services accounting for 79.2% of the economy. While growth signals remain positive, high unemployment, the housing market, interest rates, oil prices, and government debt pose challenges. The economy is projected to grow around 3-3.5% annually over the next few years, though reducing the long-term deficit remains a major issue.
Israel has transitioned to a highly developed, technology-focused economy. It has rapidly developed technology and hi-tech industries, relying on a skilled workforce and entrepreneurial culture. Exports, especially of high-tech goods and services, have driven strong economic growth. Israel spends more on research and development as a percentage of GDP than any other OECD nation. Despite its small size, Israel consistently ranks highly on global competitiveness and innovation indices.
The document provides economic indicators and trade statistics for the Dominican Republic from 2000 to 2010. It summarizes that the Dominican Republic has a population of 10 million and area of 48,072 square km. GDP grew steadily from 2000 to 2010, while inflation decreased from highs in the early 2000s. The current account balance was negative for most years. The United States was the top market for both Dominican exports and imports. Major exports included electrical equipment, plastics, and tobacco, while mineral fuels and plastics were among top imports. Travel was the leading service export and import.
The document discusses poverty alleviation. It defines poverty and describes its human impacts. It then discusses the world's response to poverty through the Millennium Development Goals (MDGs), which aim to halve extreme poverty by 2015. Specific MDG targets related to poverty include reducing the proportion of people living on under $1 per day and reducing hunger. The document provides statistics on the Philippines' progress towards these MDG targets as well as details on the country's Medium-Term Philippine Development Plan which aims to fight poverty through job creation and economic growth.
JBS reported its first quarter 2009 results. Net revenue increased 58.2% year-over-year to R$9.27 billion. Consolidated EBITDA grew 20.4% to R$211.5 million. Key highlights included sustained margins in the US beef business, improved performance in Brazil, and consolidation of a global production and distribution platform. Management remains focused on reducing debt and capturing synergies across the business.
Chile is known for its political and economic stability. It has a properly functioning government, is highly integrated internationally through many trade agreements, and relies on commodity exports like copper. Chile joined the OECD in 2009 and has the most stable economy in Latin America with the lowest risk. Its GDP has grown steadily in recent years at over 9% annually, inflation has been low and stable around 3%, and the stock market and currency have strengthened significantly against the dollar. Mining contributes nearly 20% of GDP and over $100 billion in new investments are expected in mining through 2020, presenting opportunities for suppliers.
The document discusses India's growth story before and after economic liberalization in 1991. It describes how India moved from a closed socialist-inspired economy with high import duties and public sector dominance to a more open, privatized and globalized economy after 1991. This economic reform led to significantly higher GDP growth rates, especially in industry and agriculture. However, it also led to rising inequality within India and concerns about whether the benefits of growth are being shared widely enough. The document examines debates around whether globalization and financial liberalization increase or decrease inequality and the various factors that influence this relationship. It emphasizes the need for inclusive growth that broadly distributes the benefits of economic progress.
India's population rose to 1.21 billion people. During the last 10 years, the population of india increased by 181 million, according to the 15th Census data released on 31st March 2011. significantly the growth is slower for the first time in nine decades.
India now accounts for world's 17.5 per cent population. It comprises 623.7 million males and 586.5 million females, said a provisional 2011 Census report. China is the most populous nation acounting for 19.4 per cent of the global population.
India’s headcount is almost equal to the combined population of the United States, Indonesia, Brazil, Pakistan, Bangladesh and Japan put together.
The population has increased by more than 181 million during the decade 2001-2011. The growth rate in 2011 is 17.64 per cent in comparison to 21.15 per cent in 2001. The 2001-2011 period is the first decade -- with exception of 1911-1921 -- which has actually added lesser population compared to the previous decade,
Among the states and Union territories, Uttar Pradesh is the most populous state with 199 million people and Lakshadweep the least populated at 64,429.
The combined population of UP and Maharashtra is bigger than that of the US. The highest population density is in Delhi's north-east district (37,346 per sq km) while the lowest is in Dibang Valley in Arunachal Pradesh (just one per sq km).
The Census indicated a continuing preference for male children over female children. The latest child sex ratio in is 914 female against 1,000 male--the lowest since Independence.
According to the data, literates constitute 74 per cent of the total population aged seven and above and illiterates form 26 per cent.
The literacy rate has gone up from 64.83 per cent in 2001 to 74.04 per cent in 2011 showing an increase of 9.21 per cent.
The male population has grown by 17.19 percent to reach 623.7 million (62 crore) while the female population has risen by 18.12 percent to reach 586.5 million (58 crore).
The absolute addition to India’s population during the last decade is slightly lower than the population of Brazil, the fifth most populous country in the world.
Uttar Pradesh has the largest proportion of the country's population at 16 percent, followed by Maharashtra and Bihar (nine percent each), West Bengal (eight percent) and Andhra Pradesh (seven percent).
This document provides an overview and analysis of unemployment costs and systems in the United States in 2011. It discusses rising national unemployment rates and long-term unemployment. Many state unemployment trust funds are insolvent, requiring over $40 billion in federal loans. The document analyzes proposals to manage unemployment costs, including changes to the Federal Unemployment Tax Act that could increase taxes for employers in states with outstanding loan balances.
TOWARD A BETTER MATERNAL AND CHILDREN CARE IN INDONESIAShela Sundawa
The document discusses maternal and child health issues in Indonesia and lessons that can be learned from India's National Rural Health Mission. In Indonesia, maternal and child mortality rates remain high, especially in rural areas, indicating weaknesses in Indonesia's health system. India has implemented the NRHM to improve rural health care access and reduce disparities between urban and rural areas. The NRHM aims to strengthen primary health centers, recruit community health workers like ASHAs, and leverage public-private partnerships to improve health outcomes across India. Overall, the document argues that Indonesia could apply lessons from India's NRHM to strengthen its health system and reduce maternal and child health inequities between urban and rural populations.
The document discusses America's retirement savings challenge and proposes Workplace Savings 3.0 as a solution. It summarizes that as (1) Americans are living longer while traditional sources of lifetime income are declining, (2) current 401(k) plans have hit ceilings on participation and savings rates, and (3) the Pension Protection Act helped but the 2008 market shock exposed risks. It then proposes that Workplace Savings 3.0 would build on the PPA with stronger protection against volatility, built-in lifetime income options, guidance for all participants, and legal safe harbors for employers.
Presentation built in the context of a real estate class taken at Brandeis International Business School.
In the perspective of a meeting with investors, the presentation was created to help gather investments of $100M split between three projects in China.
This document provides an outlook on the 2011 real estate market and recovery from the recession. It finds that while the recession is officially over, the recovery will be slow and uneven across states. Housing demand and prices are expected to gradually increase through 2011 as the economy and job market improve. Access to financing remains challenging due to tighter lending standards. The recovery is projected to follow a gradual "gravy boat" shape rather than a quick snapback. Younger generations are delaying homebuying, and demand from retiring baby boomers may be delayed until after 2015.
Trinidad and Tobago has a population of 1.4 million people and an area of 5,128 square kilometers. Its GDP grew significantly between 2000 and 2008 but declined in 2009. Inflation has generally been between 3-12% annually while unemployment declined from 12% to 5% between 2000 and 2006. The country's main exports are mineral fuels, oils, and inorganic chemicals, with its top export market being the United States. Imports are led by vehicles, mineral fuels, and articles of iron or steel, primarily sourced from the United States, Colombia, and Russia. The largest services exports are travel and transportation while the top services imports are transportation and travel.
The document discusses Metropolitan Business Planning (MBP) as a new approach for transforming regional economies. MBP applies private sector business planning disciplines to regional economic development. It involves analyzing a region's economic performance and market position, developing a shared vision and strategies, specifying products/services to implement strategies, creating operational and financial plans, and monitoring performance. Several metropolitan regions are adopting MBP approaches, working across sectors to coordinate economic development.
The document summarizes key economic and social trends in Brazil. It notes that Brazil has achieved macroeconomic stability with low and stable inflation, reduced interest rates, and resilience during the global financial crisis. Unemployment is at historic lows. Social mobility and access to banking services are expanding due to favorable demographic shifts and programs like positive credit lists. The Brazilian financial system is well capitalized and profitable.
The document summarizes key economic and social trends in Brazil. It notes that Brazil has achieved macroeconomic stability with low and stable inflation, reduced interest rates, and resilience during the global financial crisis. Unemployment is at historic lows. Social mobility and access to banking services are expanding due to favorable demographic shifts and programs like positive credit lists. The Brazilian financial system is well capitalized and profitable.
The Philippine economy grew at 3.7% last year, slower than other ASEAN countries but still managing growth despite global economic challenges. Strong consumer spending and growth in the services sector compensated for sluggish government infrastructure spending and declines in fishing. Inflation contracted to 2.7% while lending rates are at their lowest. Most institutions forecast 3.5-4.0% growth for the Philippines this year, supported by rising OFW remittances which exceeded $20 billion in 2011.
While Philippine GDP grew at a modest 3.7% last year, lower than neighboring ASEAN countries, strong consumer spending and the resilient services sector helped compensate. Office space options in Metro Manila are currently limited due to high demand from business process outsourcing firms. In the residential property market, over 33,000 new condominium units were completed last year with vacancy rates remaining below 6%. Major mall operators are improving shopping experiences through new technologies and attractions to increase foot traffic.
Robert Chote: Public finances and health careThe King's Fund
Robert Chote, Chairman of the Office for Budget Responsibility (OBR), shares the results of the OBR’s 2012 Fiscal Sustainability report, with a specific focus on health care spending.
The US economy is the largest in the world with a GDP of $15.1 trillion in 2010. It has transitioned from an industrial to a service-based economy, with services accounting for 79.2% of the economy. While growth signals remain positive, high unemployment, the housing market, interest rates, oil prices, and government debt pose challenges. The economy is projected to grow around 3-3.5% annually over the next few years, though reducing the long-term deficit remains a major issue.
Israel has transitioned to a highly developed, technology-focused economy. It has rapidly developed technology and hi-tech industries, relying on a skilled workforce and entrepreneurial culture. Exports, especially of high-tech goods and services, have driven strong economic growth. Israel spends more on research and development as a percentage of GDP than any other OECD nation. Despite its small size, Israel consistently ranks highly on global competitiveness and innovation indices.
The document provides economic indicators and trade statistics for the Dominican Republic from 2000 to 2010. It summarizes that the Dominican Republic has a population of 10 million and area of 48,072 square km. GDP grew steadily from 2000 to 2010, while inflation decreased from highs in the early 2000s. The current account balance was negative for most years. The United States was the top market for both Dominican exports and imports. Major exports included electrical equipment, plastics, and tobacco, while mineral fuels and plastics were among top imports. Travel was the leading service export and import.
The document discusses poverty alleviation. It defines poverty and describes its human impacts. It then discusses the world's response to poverty through the Millennium Development Goals (MDGs), which aim to halve extreme poverty by 2015. Specific MDG targets related to poverty include reducing the proportion of people living on under $1 per day and reducing hunger. The document provides statistics on the Philippines' progress towards these MDG targets as well as details on the country's Medium-Term Philippine Development Plan which aims to fight poverty through job creation and economic growth.
JBS reported its first quarter 2009 results. Net revenue increased 58.2% year-over-year to R$9.27 billion. Consolidated EBITDA grew 20.4% to R$211.5 million. Key highlights included sustained margins in the US beef business, improved performance in Brazil, and consolidation of a global production and distribution platform. Management remains focused on reducing debt and capturing synergies across the business.
Chile is known for its political and economic stability. It has a properly functioning government, is highly integrated internationally through many trade agreements, and relies on commodity exports like copper. Chile joined the OECD in 2009 and has the most stable economy in Latin America with the lowest risk. Its GDP has grown steadily in recent years at over 9% annually, inflation has been low and stable around 3%, and the stock market and currency have strengthened significantly against the dollar. Mining contributes nearly 20% of GDP and over $100 billion in new investments are expected in mining through 2020, presenting opportunities for suppliers.
The document discusses India's growth story before and after economic liberalization in 1991. It describes how India moved from a closed socialist-inspired economy with high import duties and public sector dominance to a more open, privatized and globalized economy after 1991. This economic reform led to significantly higher GDP growth rates, especially in industry and agriculture. However, it also led to rising inequality within India and concerns about whether the benefits of growth are being shared widely enough. The document examines debates around whether globalization and financial liberalization increase or decrease inequality and the various factors that influence this relationship. It emphasizes the need for inclusive growth that broadly distributes the benefits of economic progress.
Henry Schein, Inc. (HSIC) is the largest distributor of healthcare products and services to office-based practitioners in North America and Europe. It has over 75 years of experience and serves dental, medical, and animal health customers. HSIC has experienced significant growth since becoming a public company in 1995, with sales increasing from $616 million to $6.4 billion in 2008. It aims to partner with customers to improve their efficiency, productivity, and profitability through products, services, and practice management solutions. Key strategies for future growth include expanding value-added offerings and increasing customer penetration.
Banco Sabadell reported results for fiscal year 2010. Net interest income declined 8.8% due to a higher cost of funding, though capital ratios improved. Commercial activity generated an important GAP and liquidity remained comfortable without reliance on ECB funding. Loan growth continued alongside sustained increases in customers and deposits. Cost management was good and Banco Guipuzcoano was efficiently integrated.
Chile is known for its political and economic stability. It has a well-functioning government, is highly integrated into the global economy through many trade agreements, and relies on commodity exports like copper. Chile has a stable and growing economy with low inflation and unemployment. Its GDP has grown steadily in recent years at over 9% annually. The stock market and currency have also strengthened significantly since the 2000s, reflecting Chile's strong economic performance. Major investment in mining projects is also expected in the coming years, presenting opportunities for suppliers to the mining industry. Overall, Chile provides a stable and prosperous environment for investment.
Congressman Patrick McHenry (NC-10) shared this presentation with constituents at town hall meetings across North Carolina's 10th District in August, 2011.
It's More Fun Investing in the PhilippinesAldrin Bibon
The Philippine stock market has performed well despite global economic challenges, with the PSEi up 18.5% year-to-date. Strong economic fundamentals such as consumer spending, government spending, and exports drove 1Q GDP growth of 6.4%. However, valuations appear stretched and recent large share placements may sap liquidity in the short-term. Overall the outlook remains positive, as fundamentals are expected to catch up to valuations over the long-run.
Similar to Microeconomics of Competitiveness - Andalucia (20)
2. Demographics of Spain
versus its neighbours
Social indicators Spain Portugal France
Population 2010 (millions)
Expected population 2030 (millions)
45.3
49.8
10.7
10.6
62.6
66.5
Andalucía specifics
Life expectancy
Fertility rate
81.3
1.6
79.1
1.4
81.6
1.9
• The 2nd largest
GNI per capita 29,661 22,105 34,341 population of Spain
FDI inflows % of GNI in 2008
GDP (PPP $ in billions) in 2007
29.4
1,442.90
21.7 21.9
247 2,121.70
lives in Andalucía (8.4
Human Development Index 0.863 0.795 0.872 million)
Human Development Index Rank 20 40 14
Expected years of Schooling
Public education spending (% of GDP)
16.4
6.1
15.5
7.1
16.1
8.7
Education
Literacy rate
Happiness Index / Life Satisfaction
97.6
7.6
94.6
5.8
100
7.1
• 25% of the population
Unemployment, seasonally adjusted, Feb 2012 23.6 15 10 has completed a
Public health expidenture (per capita)
Inequality gini coefficient
2,671
34.7
2,284
38.5
3,709
33.7
tertiary education.
Perception of safety 58 62 59 Slightly less than the
Spanish population on
average 29.9%.
3. FDI in Spain
• The amount of FDI in Spain
increased only slightly from
FDI per capita 1970-1980 (after Franco)
• After 1986 the real increase of
FDI began
• The reasons were possibly:
- political stability after Franco
- inclusion of Spain to the EU
• In 2006, FDI per capita was
$700, one year later, in 2007
FDI had more than doubled to
$1,441 per capita and in 2009
FDI nearly came to a halt.
• In 2009 the FDI per capita in
Spain was down to $200 per
capita. Such low levels hadn’t
been seen since 1988-1989.
4. (Un)Employment in Spain
• Spain had an unemployment
rate of 23.6% in February
2012, compared to 10% of its
neighbour France and 15%Agriculture, hun Employment by sector, 2005, Spain
Agriculture, Forestry,
% GDP per industry, Spain 2010 ting and
for Portugal
and Fishing
forestry, fishing 5.2%
• Employment in the tourism 3% Mining and
sectors (hotels, restaurants Quarrying
0.3%
and retail) makes up for
more than 25% of GDP, but
Other service Industry, includi
doesn’t employ as large of a
activities ng energy Government Services
population23% 16% 17.5% Manufacturing
16.2%
• Adding up part of the “other Community, Social
Construction Public Utilities
service activities” industry,10% and Personal 0.5%
and the house rental industry, Services
Financial
intermediation, Wholesale and 10.9%
we can estimate that tourism
real retail Construction
as a whole constitutes a h
estate, renting trade, repairs,
Finance, Insurance, a
12.6%
and business otels and
considerable part of the GDP
activities restaurants, tran nd Real Estate (b)
of Spain. 23% sport 10.3%
25%
• Tourism has higher value Wholesale and Retail
added than construction Trade, Hotels and
Restaurants
21.1%
Transport, Storage, a
nd Communication
5.5%
5. Taxes in Spain
Taxes on income and profits
• Taxes on Income and Profits as a % of GDP
14.0
(individuals and corporations) as a % of 12.4
12.0
GDP was at its highest point in 10.0 9.8
10.5
11.2
10.3
9.6
2007, when Spain collected tax 9.2 9.0
% of GDP
8.0 France
revenues representing 12.4% of its 6.0 Portugal
GDP, compared to only 9% in 2010 4.0 Spain
• The tax revenues in 2007 spiked 2.0
Source:
0.0
more for Spain than for Portugal or 2003 2004 2005 2006 2007 2008 2009 2010
OECD, 2011
France
• Tax revenues on income & profits as Taxes on Personal Income
a % of GDP has been decreasing in as a % of GDP
the past three years 9.0
• Tax revenues on only personal 8.0
7.0 7.4 7.1
6.8 6.9
income have ranged from 6.1% of 6.0 6.4 6.1 6.4 6.6
% of GDP
GDP in 2004, to 7.4% of GDP in 5.0 France
4.0
2007, possibly reflecting the 3.0
Portugal
unemployment 2.0 Spain
1.0
0.0 Source:
2003 2004 2005 2006 2007 2008 2009 2010 OECD 2011
6. Political environment
• Spain is a constitutional democracy
• Head of state is King Juan Carlos I
• Head of government is Popular Party leader
Mariano Rajoy
• The last elections were held on 20 November
2011 and the following election is set for
November 2015
7. Monarchy
• In the 19th and 20th century, the
king of Spain was the head of the
government, appointed senators
and had more power to veto any
decisions
• Today, the king may give his
advice to the president on State
affairs
• Given the restrictions of the
king, and recent scandals, many
question the existence of a king in
Spain
• Although a popular figure in the
past, there have been some
clashes where people have
burned the picture of the king and
demanded to see him off
8. Brief History of tourism in Spain
Origin of tourists to Andalucía
Rest of
World
10% UK
31%
Rest of EU
24%
• It all began in the 1840’s
• A century later, 1 million Ireland
France
12%
Germany
mark was hit 4%
Scandanavia
12%
7%
• In 2010, more than 7 Source: Andalucia.com
million tourists came
• Northern Europeans still
dominate
9. Percentage of nights spent in tourist accommodation 2011
Región de Comunidad Foral La Rioja
Castilla-la Murcia Extremadura
de Navarra 1%
Mancha 2% 2% 1%
2%
Cantabria
2%
País Vasco
2% Andalucía
Principado de Asturias 18%
3%
Aragón
3%
Galicia
5%
Illes Balears
Cataluña
5%
17%
Castilla y León
5%
Comunidad de
Madrid Comunidad Valenciana
7% 14%
Canarias (ES)
9%
Source: Eurostat
10. Moor and Islamic influences in
Andalucía
• The Islamic armies came to Al-Andalus in 644 AD
• In 785 AD the first Islamic monument was begun;
the Cordoba mosque
• When the Arabs came to Andalucía, the local
population gained education of many kinds;
healthy diets, medicine, how to make paper, and
read
• An extensive program of transcribing, copying
and translating the accumulated knowledge
attained from various places was started in
Baghdad as well as Cordoba
• Thousands of book stores were opened, literacy
could be found in all social classes
• Universities in
Cordoba, Seville, Valencia, Malaga, and Granada
were opened
• Monument with strong Islamic influences is the
Alhambra in Grenada. Another monument left
behind is the mosque and city centre of
Cordoba, all of which are World Heritage Sites
• After several hundred years of Muslim rule and
influence on Andalucía, in 1492 the Reconquista
was completed and the Christians and the Jews
ruled again
11. Geographic location of Andalucía
• To the North are the Sierra Morena mountains, and to the West the
Guadiana River marks the border between Portugal and the western-most
province of Huelva
• Andalucía is the most southern point of Europe and as such has seen a
large influx of both legal and illegal immigrants from Northern Africa and
elsewhere
• Sunny and mild climate with over 300 days of sunshine, sunbathing
tourism was a natural way for tourism in Spain to start.
• Spain was exotic, with a different culture than the Northern Europeans
were used to
• It enjoys two coasts, the Atlantic Ocean and Mediterranean Sea.
12. Eight different provinces in Andalucía
• Seville (capital) with a
population of slightly less
than 2 million
• Malaga, most popular
tourist destination –
Marbella (1,624,000)
• Cadiz with its cathedral
(1,243,000)
• Granada with its Alhambra
(922,000)
• Cordoba and its mosque
(805,000)
• Jaen and the views from
Castillo de Santa Catalina
(669,000)
• Almeria and its beaches
(702,000)
• Huelva and the beaches
(521,000)
13. Distribution of tourists per province in Andalucía
Málaga most popular destination
Sevilla
Almeria
5.7%
16.5% Cádiz
12.9%
Córdoba
7.9%
Málaga
30.7% Granada
17.2%
Jaén Huelva
3.2% 5.9%
Editor's Notes
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education, and standards of living for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to distinguish whether the country is a developed, a developing or an under-developed country, and also to measure the impact of economic policies on quality of life.The population of Andalucía is the second largest in Spain. In 2011 there were more than 8.4 million inhabitants living in the region, up 13.5% since the last census was done in 2001 (Chris Chaplow). EducationNearly 25% of the population aged 25-64 in Andalucía has completed a tertiary education. Compared with the median of 29.9% of Spain, this is a slightly lower percentage of the population. However, considering the large population of Andalucía, it is nonetheless surprising to find that the percentage is lower at all.
The amount of FDI in Spain increased only slightly from 1970-1980 (after Franco) and it wasn’t until 1986 that the real increase of FDI started. The reasons are likely partially due to the political stability which ensued after Franco was no longer in power, but the inclusion of Spain to the EU in 1986 must be the main reason for the increase of FDI inflows (due to the ease of doing business and trade with other countries thanks to the European union). Interestingly, FDI nearly came to a grinding halt in 2009, which most likely is the aftermath of the financial crisis which hit Spain hard. FDI per capita rose from $7 in 1970, to $89 in 1986, and if we fast forward time to right before the housing bubble, in 2006, the FDI per capita was $700, one year later, in 2007 FDI had more than doubled to $1,441 per capita, 2008 it was $1,705 and in 2009 the economy had crashed and nearly all the FDI was lost. In 2009 the FDI per capita in Spain was down to$200per capita. Such low levels hadn’t been seen since 1988-1989.
Spain had an unemployment rate of 23.6% in February 2012, compared to 10% of its neighbour France and 15% for PortugalEmployment in the tourism sectors (hotels, restaurants and retail) makes up for more than 25% of GDP, but doesn’t employ as large of a populationAdding up part of the “other service activities” industry, and the house rental industry, we can estimate that tourism as a whole constitutes a considerable part of the GDP of Spain. An interesting point is that the employment per sector does not correspond to the percentage of GDP to which it is contributing. Although fewer people work in the tourism industry than in manufacturing and construction combined, the tourism sector adds more value to the GDP than the manufacturing and construction do, if we are to assume that part of the ‘other service activities’ gets added to the tourism sector. Employment in the tourism sectors (hotels, restaurants and retail) has seen a great surge since the 1950’s. It is quite clear that Spain has gone from a largely agricultural society to a service society, something which can be expected from a developed country. However, it is interesting to see a 50% increase in the amount of people employed in the transportation and communication sector, as well as to see that three times as many people are employed in hotels, restaurants and retail compared to 1956 and 2001 (Timmer, 2009). See Figure 5 - Total Employment in Spain by Sector of Economy (Timmer, 2009) Similarly, you can see in Figure 9 - % of GDP per industry in Spain 2010 (OECD)(OECD)that the GDP for the hotel, restaurants and retail and wholesale trade makes up a quarter of the GDP. Adding up part of the “other service activities” industry, and the house rental industry, we can estimate that tourism as a whole constitutes a considerable part of the GDP of Spain. Spain had an unemployment rate of 23.6% in February 2012, compared with 10% of its neighbour France and 15% for PortugalEmployment in the tourism sectors (hotels, restaurants and retail) makes up for more than 25% of GDP, but doesn’t employ as large of a population
With regards to taxes, Spain has not been able to regain the same amount of tax revenue as it received in 2007 (seen as a percentage of GDP) from taxes on income and profits. At its highest point in 2007, Spain managed to receive 12.4% tax, compared to only 9% in 2010. Currently, Spain lands right in between France (9.4%) and Portugal (8.5%) who see tax revenues around the same percentage of GDP as Spain. The tax revenues in 2007 spiked considerably more for Spain than they did for either Portugal or France; possibly indicating that Spain was (and is?) in a bigger bubble than either of its neighbours. The revenues as a % of GDP has been decreasing in the past three years of which we have data (latest data is from 2010). Likewise, the taxes raised on personal income have been relatively steady since 2003-2010, ranging from 6.1% of GDP in 2004, to 7.4% of GDP in 2007. Compared to France (7.3%) and Portugal (5.6%) in 2010, Spain again scores right in the middle at 6.9%. It is important to note that these are not the tax rates charged to the individuals, but should only be seen as a percentage of GDP. In 2007, when the taxes on personal income and “income and profits” was the highest, this is simply an indicator that the tax base of Spain was larger (more people were working, business was booming, and thus Spain was able to get more tax revenue than now, when Spain sees 23.6% of the working population unemployed.
Spain is a constitutional democracy, with a national congress. The head of state is King Juan Carlos I and the head of government (the president, equivalent to prime minister), since December 2011 is Popular Party leader Mariano Rajoy CITATION FCO \\l 1033 (Foreign and Commonwealth Office, 2012). The council of ministers is designated by the president. The last elections were held on 20 November 2011 and the following election is set for November 2015.
MonarchyThe king of Spain does not hold as many powers as he used to. In the 19th and 20th century, the king of Spain was the head of the government, appointed senators and had more power to veto any decisions. Today, the king may give his advice to the president on State affairs, but it is entirely up to the president if he chooses to follow the advice given. Given these restrictions on the power of the king, many have begun to question the existence of a king in Spain. Although he is a very popular figure, there have been some clashes where people have burned the picture of the king and demanded to see him offIn the 19th and 20th century, the king of Spain was the head of the government, appointed senators and had more power to veto any decisions. Today, the king may give his advice to the president on State affairs, but it is entirely up to the president if he chooses to follow the advice given. Given the restrictions on the power of the king, as well as some recent scandals, many have begun to question the existence of a king in Spain. Although he was a very popular figure, there have been some clashes where people have burned the picture of the king and demanded to see him off.
Tourism in Spain began in the 1840’s when Northern Europeans began to arrive for sunbathing and recreational activities. However, it would take more than a century for the tourism boom to really take off. In 1950 Spain saw a million tourists arrive for touristic purposes, again mainly from Northern Europe. In 2010, Andalucía received 7.43 million tourists, mainly from the United Kingdom and Ireland (35% of the tourists originate from there), France (12%), Germany (12%), Scandinavia (7%), the rest of the EU (24%), and the rest of the world (10%).
When it comes to tourists overnight stays in Spain nowadays, most of the tourists choose Andalucía as a destination (18%), closely followed by Cataluña (17%).
The Islamic armies came to Al-Andalus (Andalucía) in 644 AD, and many of the black moors, Berbers, who had fought in the army, were either pagans or converted to Christian religion whereas the Arabic saw themselves as pure and superior because of their race and religion. It took about a century (785 AD) before the first Islamic monument was begun; the Cordoba mosque, which was completed 200 years later. The fact that the Islamic came to Andalucía, meant that the local population gained education of many kinds – all classes of Andalucía benefitted from the knowledge transfer which led them to eat healthy diets, learned about medicine, learn how to make paper, and finally, read thanks to the expansion of the Islamic empire (they transferred knowledge from the Greeks, Chinese, Syrian etc. to their own populations). An extensive program of transcribing, copying and translating the accumulated knowledge attained from various places was started in Baghdad as well as Cordoba. Thousands of book stores were opened, literacy could be found in all social classes and universities in Cordoba, Seville, Valencia, Malaga, and Granada were opened CITATION And122 \\l 1033 (Andalucia-Andalusia). One of the greatest monuments left by the Islamic influence was the Alhambra, which is a palace situated on a hillside, symbolising the Islamic love for symmetry and harmony with nature. It is located in Granada, and is one of the major tourist attractions in the Andalucía region. Another monument left behind from that era is the mosque and city centre of Cordoba, all of which are World Heritage Sites CITATION UNE12 \\l 1033 (UNESCO). After several hundred years of Muslim rule and influence on Andalucía and Spain, in 1492 the Reconquista was completed and the Christians and the Jews ruled over Spain and Andalucía again CITATION New12 \\l 1033 (New World Encyclopedia).
Sunny and mild climate with over 300 days of sunshine, sunbathing tourism was a natural way for tourism in Spain to start. Spain was also seen as a bit exotic, with a different culture than the Northern Europeans were accustomed to, as Andalusia is the last frontier between Africa and Europe. It enjoys two coasts, the Atlantic Ocean and Mediterranean Sea. Andalucía is the most southern point of Europe and as such has seen a large influx of both legal and illegal immigrants from Northern Africa and elsewhere that you can safely say that they have an ethnically diverse population (Cruz). To the North you can find the Sierra Morena mountains, and to the West, the Guadiana River marks the border between Portugal and the western-most province of Huelva (Andalucia.org).
There are eight different provinces in Andalucía (in order from largest population to smallest population): Seville which is the capital of Andalucía has a population of slightly less than 2 million (1,927,000 inhabitants), Malaga (1,624,000), Cadiz (1,243,000), Granada (922,000), Cordoba (805,000), Jaen (669,000), Almeria (702,000), and Huelva (521,000) CITATION Chr12 \\l 1033 (Chris Chaplow). The largest share of the tourism in Andalucía is received by Málaga and Granada, followed by Sevilla. See figure 3. CITATION Iza12 \\l 1033 (Junta de Andalucia, 2012)