The document summarizes information about the MINT countries (Mexico, Indonesia, Nigeria, and Turkey). It provides background on the term "MINT" and how it refers to the economies of these four specific countries. Tables and projections show historical and predicted economic indicators like GDP, GDP per capita, population, and economic growth for each MINT country through 2050.
http://profitableinvestingtips.com/investing-tips/what-happened-to-the-brics
What Happened to the BRICS?
A few years ago the BRICS nations seemed ready to move into the first ranks of the world economy. Today the economies of Brazil, Russia, India, China and South Africa are having their problems. What happened to the BRICS? Radio Free Europe reports on BRICS woes.
Brazil, Russia, India, China, and South Africa — the BRICS — hope to move the world away from the U.S. dollar and Western-dominated financial institutions, which they say do not meet the needs of emerging economies.
But steep drops in recent weeks in the currencies of the five countries, which account for 40 percent of the world’s population and about one-fifth of global economic output, underscore how difficult it would be for any of them to take the dollar’s place.
The problems of the BRICS nations vary case by case but the global economic slowdown is a culprit for all of them. Russia is hurt by low oil prices, which help the others to greater or lesser degrees. Brazil is hurt by slowing demand for raw materials from China which in turn is seeing its economy slow down due to decreasing demand from Europe especially. What happened to the BRICS is a case by case story.
Russian Adventurism
In response to the Russian annexation of Crimea and support of separatists in Ukraine the USA and EU imposed economic sanctions on Russia. CNN Money writes about how badly sanctions have hurt Russia.
Considered both the future of society, the future of the people, the way of the future of education in a multi-stakeholder, the activities of the order to continue to create "Future Education Consortium" is, in fiscal 2015, such as consumers and companies · NPO / NGO · Students through the co-creation projects by various participants "21 Century Future Enterprise Project", we derive the "social and companies of the future scenario of 2030".
http://miraikk.jp/cat-03/2882
http://www.profitableinvestingtips.com/investing-tips/brics-development-bank-problems
BRICS Development Bank Problems
There seem to be BRICS development bank problems even before the idea gets off the ground. In their recent summit in South Africa, the leaders of Brazil, Russia, India, China, and South Africa stated that they intend to create an international bank to support development in the developing world. The argument made by many in the developing world is that the World Bank, International Monetary Fund, and the Bank of International Development have a Western bias. This argument has been around for quite a while. The emerging powers of the BRICS group want more say in what goes on in the world and more say that is commensurate with their growing economic clout. The figure tossed around is $50 Billion in seed capital, evenly divided among the five BRICS nations. But, BRICS development bank problems are sure to rise. The complaint of these nations has been that the dominant economies of Europe and North America call the tune for who gets development money and who does not. There is a realistic fear that China with the largest economy and largest cash reserves will want to call the tune and cause BRICS development bank problems. Where will the headquarters of such a bank be? Who will be its officers and how will they be chosen? This news follows on the heels of a large Russian Chinese energy agreement in the making, a deal which holds much of the same promise of investment opportunity in these nations, and much of the same risk of failure.
He Who Has the Money Has the Power
Where the Europeans used to have colonies across the globe, the United States developed an economic hegemony in the years after World War Two. US military might and economic clout guaranteed allies in the fight against communism. Another way of looking at the contest between the USSR and the USA is that industrialized nations need both access to natural resources and people to sell their products to. As China has grown in economic clout it has followed the path of the Brits and the Yanks by spreading cash around the Third World in return for oil contracts, mineral rights, and access to markets. Where locals everywhere across the globe used to both envy and resent the Brits and then the Yanks, they now envy and resent the Chinese. An all too accurate complaint in Africa is that China is actively working to inhibit industrial development in Africa because they want African resources and they don’t want industrial competition with cheap African labor. An issue for South Africa is if they can ante up $10 Billion to have an equal share of bank power alongside the Chinese.
this presentation outlines the birth of BRICS,its objectives,how it benefits other African countries,its challenges and threat to the established organizations
a new multilateral bank, a key milestone of the cooperation among emerging economies and developing countries. that is by five emerging economies(Brazil, Russia, India, China and South Africa), to an alternative to the World Bank and IMF. And their aim is to provide help for sustainable development projects.
http://profitableinvestingtips.com/investing-tips/what-happened-to-the-brics
What Happened to the BRICS?
A few years ago the BRICS nations seemed ready to move into the first ranks of the world economy. Today the economies of Brazil, Russia, India, China and South Africa are having their problems. What happened to the BRICS? Radio Free Europe reports on BRICS woes.
Brazil, Russia, India, China, and South Africa — the BRICS — hope to move the world away from the U.S. dollar and Western-dominated financial institutions, which they say do not meet the needs of emerging economies.
But steep drops in recent weeks in the currencies of the five countries, which account for 40 percent of the world’s population and about one-fifth of global economic output, underscore how difficult it would be for any of them to take the dollar’s place.
The problems of the BRICS nations vary case by case but the global economic slowdown is a culprit for all of them. Russia is hurt by low oil prices, which help the others to greater or lesser degrees. Brazil is hurt by slowing demand for raw materials from China which in turn is seeing its economy slow down due to decreasing demand from Europe especially. What happened to the BRICS is a case by case story.
Russian Adventurism
In response to the Russian annexation of Crimea and support of separatists in Ukraine the USA and EU imposed economic sanctions on Russia. CNN Money writes about how badly sanctions have hurt Russia.
Considered both the future of society, the future of the people, the way of the future of education in a multi-stakeholder, the activities of the order to continue to create "Future Education Consortium" is, in fiscal 2015, such as consumers and companies · NPO / NGO · Students through the co-creation projects by various participants "21 Century Future Enterprise Project", we derive the "social and companies of the future scenario of 2030".
http://miraikk.jp/cat-03/2882
http://www.profitableinvestingtips.com/investing-tips/brics-development-bank-problems
BRICS Development Bank Problems
There seem to be BRICS development bank problems even before the idea gets off the ground. In their recent summit in South Africa, the leaders of Brazil, Russia, India, China, and South Africa stated that they intend to create an international bank to support development in the developing world. The argument made by many in the developing world is that the World Bank, International Monetary Fund, and the Bank of International Development have a Western bias. This argument has been around for quite a while. The emerging powers of the BRICS group want more say in what goes on in the world and more say that is commensurate with their growing economic clout. The figure tossed around is $50 Billion in seed capital, evenly divided among the five BRICS nations. But, BRICS development bank problems are sure to rise. The complaint of these nations has been that the dominant economies of Europe and North America call the tune for who gets development money and who does not. There is a realistic fear that China with the largest economy and largest cash reserves will want to call the tune and cause BRICS development bank problems. Where will the headquarters of such a bank be? Who will be its officers and how will they be chosen? This news follows on the heels of a large Russian Chinese energy agreement in the making, a deal which holds much of the same promise of investment opportunity in these nations, and much of the same risk of failure.
He Who Has the Money Has the Power
Where the Europeans used to have colonies across the globe, the United States developed an economic hegemony in the years after World War Two. US military might and economic clout guaranteed allies in the fight against communism. Another way of looking at the contest between the USSR and the USA is that industrialized nations need both access to natural resources and people to sell their products to. As China has grown in economic clout it has followed the path of the Brits and the Yanks by spreading cash around the Third World in return for oil contracts, mineral rights, and access to markets. Where locals everywhere across the globe used to both envy and resent the Brits and then the Yanks, they now envy and resent the Chinese. An all too accurate complaint in Africa is that China is actively working to inhibit industrial development in Africa because they want African resources and they don’t want industrial competition with cheap African labor. An issue for South Africa is if they can ante up $10 Billion to have an equal share of bank power alongside the Chinese.
this presentation outlines the birth of BRICS,its objectives,how it benefits other African countries,its challenges and threat to the established organizations
a new multilateral bank, a key milestone of the cooperation among emerging economies and developing countries. that is by five emerging economies(Brazil, Russia, India, China and South Africa), to an alternative to the World Bank and IMF. And their aim is to provide help for sustainable development projects.
A presentation about rising economies around the world. Which countries are strong economically, who are our world economical leaders and who are moving up the ladder.
Agenda is below
----
- Quick Facts About Indonesia
- Unity In Diversity
- Religion
- Colonization of The Country
- Japanese Occupation and Sukarno
- Suharto and Anti-Communist Purge
- Economic Strengths & Weaknesses
- Indonesia Culture
- Japanese Business in Indonesia
- Crime, Ethnic Violence & Muslim Terrorism
- Political Power & Corruption
- Crime & Punishment
- Japanese ODA & FDI in Indonesia
- China & Japan's Battle for Southeast Asia Influence
- Asian Infrastructure Investment Bank (AIIB) Support
- China & Japan Bidding On The High-Speed Rail
- The Rail Deal
- Position in Asia Pacific
- Relationship With the United States
- Discussion Points
- Investing In Indonesia: Now Or Never?
- Ease of Doing Business
- South China Sea
----
International Assignment
Starbucks in Indonesia
Abstract: In this report, we will firstly be analyzing Indonesia’s political, economic, institutional,
legal and cultural environment. Secondly, we will be looking at Starbucks’ strategy, culture, and
organization. Finally, we discuss the potential organizational and managerial challenges and
problems that we anticipate Starbucks will be facing in Indonesia and the strategies to overcome
these issues.
.
Michele Lu, Siyang Li, Ben Niu, Justin Pacher & Lars Olthof
Global Enterprise Management (MGTN3580)
Professor Tatiana Kostova
Chinese University of Hong Kong
July 26th, 2016
Introduction
Expanding your business into a new
country is never an easy task, and
usually it comes with many different
challenges and problems. Whether
these difficulties are legal barriers of
entry, political instability in the host
country, cultural differences or all of
the above, it often is very frustrating for
businesses wishing to expand
internationally to deal with these issues.
That does not mean however that
opening a foreign subsidiary is without
merit: it provides a company with the opportunity to not only expand its market share, but also the chance
to diversify risks (when one market performs badly, others are able to compensate for these losses.), to
achieve geographic advantages (such as a highly trained pool of potential employees in a certain
companies), and even the possibility to prevent competitors from taking over that specific foreign market.
In our report specifically, we will be looking at the international expansion of Starbucks, a Seattlebased
American coffeehouse chain, into the Indonesian market, the fourth most populous country in the world,
located in Southeast Asia. In order to provide a full and clear overview of the challenges and
opportunities that come with this expansion abroad, this report has been divided into three distinct parts.
In the first part, Indonesia’s political, economic, institutional, legal and cultural environment will be
analyzed. In the second part, we will be looking at Starbucks’ strategy, culture, and organization. Finally,
we discuss the potential organizational and managerial challenges and problems that we anticipate
Starbucks will be facing in Indonesia and the strategies to overcome these issues.
Part A: Country Analysis
Introduction
Indonesia, officially the Republic of
Indonesia, is a country located in Southeast
Asia with approximately 255 million
inhabitants . Colonized by the Dutch in the 1
early 17th century, the country gained its
independence in 1949 after having declared
itself autonomous from the Dutch empire in
1945 . Initially a democratic country, from 2
1957 until 1998, the country was moved
towards a more authoritarian leadership .
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
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2. MINT
IS
A
NEOLOGISM
REFERRING
TO
THE
ECONOMIES
OF MEXICO, INDONESIA, NIGERIA, AND TURKEY. THE TERM WAS
ORIGINALLY COINED BY FIDELITY, A BOSTON-BASED ASSET MANAGEMENT
FIRM, AND WAS POPULARIZED BY JIM O'NEILL OF GOLDMAN SACHS, WHO
HAD CREATED THE TERM BRIC. THE TERM IS PRIMARILY USED IN THE
ECONOMIC AND FINANCIAL SPHERES AS WELL AS IN ACADEMIA. ITS
USAGE HAS GROWN ESPECIALLY IN THE INVESTMENT SECTOR, WHERE IT IS
USED TO REFER TO THE BONDS ISSUED BY THESE GOVERNMENTS. THESE 4
COUNTRIES ARE ALSO ON THE NEXT ELEVEN COUNTRIES LIST.
Born
Terence James O'Neill
17 March 1957
Manchester, United
Kingdom
Nationality
British
Alma mater
Sheffield University
University of Surrey
Employer
Goldman Sachs
Known for
BRIC economic theory
Spouse(s)
Married
Children
2
3. The Mint countries: Next economic
giants?
Projected growth in average income
(thousands $)
2000
2012
2050
(projected)
SOURCES: IMF, GOLDMAN SACHS
Mexico
7.0
10.6
48.0
Indonesia 0.8
3.6
21.0
Nigeria
0.2
1.4
12.6
Turkey
4.1
10.6
48.5
4.
5. MINT COUNTRIES – CURRENT DATA
Country
GDP (PPP)
Population
(2013)
GDP
(nominal)
(2013)
GDP GDP per
per
capita
capita (nomina
(PPP)
l)
(2013) (2013)
Exports
(2012)
Imports
(2012)
Trade
(2012)
HDI
(2012)
118,337,000
$1,845
billion
$1,327 $15,60
$11,224
billion
7
$370.9
billion
$370.8
billion
$741.7
billion
0.775
Indonesia 237,641,000
$1,285
billion
$867.5
$5,181
billion
$3,498
$187.0
billion
$178.5
billion
$365.5
billion
0.629
Nigeria
174,507,539
$478.5
billion
$292.0
$2,827
billion
$1,725
$95.68
billion
$53.36
billion
$149.0
billion
0.471
Turkey
73,723,000
$1,167
billion
$821.8 $15,26
$10,744
billion
3
$163.4
billion
$228.9
billion
$392.3
billion
0.722
Mexico
6. Mexico
Mexico in 2050
GDP in USD
$9.340
trillion
GDP per capita
$63,149
GDP growth (2015–2050)
4.0%
Total population
142
million
Due to Mexico's rapidly advancing
infrastructure, increasing middle class and
rapidly declining poverty rates it is
expected to have a higher GDP per
capita than all but three European
countries by 2050, this new found local
wealth also contributes to the nation's
economy by creating a large domestic
consumer market which in turn creates
more jobs
7. Indonesia
• With its large population, Indonesia will be ranked seventh in
gross domestic product (GDP) by 2050 based on a prediction
by Jim O'Neill about BRIC and other prominent countries.
Indonesia has a mixed economy in which both the private
sector and government play significant roles. The country is the
largest economy in Southeast Asia and a member of the G-20
major economies. Indonesia's estimated gross domestic
product (nominal), as of 2012 was US$928.274 billion with
estimated nominal per capita GDP was US$3,797, and per
capita GDP PPP was US$4,943 (international dollars). June 2011:
At World Economic Forum on East Asia, Indonesian president
said Indonesia will be in the top ten countries with the strongest
economy within the next decade.
• Indonesia is the world's fourth most populous country after
China, India, and the USA and the world's third most
populous democratic country after India and the USA. In 2009,
BRIC and Indonesia represented about 42 and 3 percent of the
world's population respectively and about 15 percent of
global GDP altogether. All of them are G20 countries. By 2015,
Internet users in BRIC and Indonesia will double to 1.2 billion. At
2009, Indonesia was the only member of the G20 to lower its
public debt-to-GDP ratio: a positive economic management
indicator.
8. Nigeria
Nigeria is a middle-income, mixed economy
and emerging market, with expanding financial,
service, communications, and entertainment sectors.
It is ranked 30th (40th in 2005, 52nd in 2000), in the
world in terms of Gross Domestic Product at
purchasing power parity as of 2012, and 3rd largest
within Africa (behind South Africa and Egypt), on
track to potentially becoming one of the 20 largest
economies in the world by 2020. Its re-emergent,
though currently under-performing, manufacturing
sector is the third-largest on the continent, and
produces a large proportion of goods and services
for the West African region.
9. Turkey
• Turkey's economy grew 10.3% last year, faster than
China, and was the third fastest growing economy in
the world. Economic growth came mainly from
construction, rather than exports like China and Russia.
Construction alone makes up 6% of the Turkish
economy, but if one counts the various industries
related to construction (Steel, Timber, energy used and
purchased) construction and the related industries
made up some 30% of the economy. Turkey also has a
very large domestic consumption base, and some 3
major auto companies. In 2011 Turkey had the
world's 15th largest GDP-PPP and 18th largest Nominal
GDP. By 2050 this nominal GDP is set to grow to $4.45
trillion USD to become the 14th largest nominal GDP in
the world. The country is a founding member of
the OECD(1961) and the G-20 major economies (1999).
Since December 31, 1995, it has been part of the EU
Customs Union. Mean wages were $8.71 per man-hour
in 2009. Turkey grew at an average rate of 7.5 percent
between 2002 and 2006, faster than any other OECD
country.
10. According to a survey by Forbes magazine, Istanbul, Turkey's financial
capital, had a total of 28 billionaires as of March 2010 (down from 34 in
2008), ranking 4th in the world behind New York City (60
billionaires), Moscow (50 billionaires), and London (32 billionaires). In 2012,
Istanbul ranked 5th in the world with 30 billionaires, behind Moscow (78
billionaires), New York City (57 billionaires), London (39 billionaires), and Hong
Kong (38 billionaires). Turkey's major cities and its Aegean coastline attract
millions of visitors every year.
The CIA classifies Turkey as a developed country. It is often classified as
a newly industrialized country by economists and political scientists.
11.
12. REFERENCES:
• Wright, Chris (6 January 2014). "After The BRICS Are The MINTs, But Can You Make Any Money From Them?
• Fraser, Ian (May 10, 2011). "Fidelity is confident its MINTs won't suck".
• BOESLER, MATTHEW (NOV. 13, 2013). "The Economist Who Invented The BRICs Just Invented A Whole New Group
Of Countries: The MINTs". Business Insider. Retrieved 7 January 2014.
• Magalhaes, Luciana (Dec 9, 2013). "O’Neill, Man Who Coined ‘BRICs,’ Still Likes BRICs, But Likes MINTs, Too". Wall
Street Journal. Retrieved 7 January 2014.
• Global Economics Paper No: 153 The N-11m: More Than an Acronym, March 28, 2007.
• Internet users in BRIC countries set to double by 2015
• Thu, 2 Sep 2010. "South Asia Hello". Archive.wn.com. Retrieved 2010-10-15.
• "Indonesia’s economy continues to surprise". East Asia Forum. 2010-09-25. Retrieved 2010-10-15.
• The World Bank: World Development Indicators Database. Gross Domestic Product 2011, PPP. Last revised on 18
September 2012.
• The World Bank: World Development Indicators Database.Gross Domestic Product 2011. Last revised on 18
September 2012.
• BBC News Magazine: The MINT countries: Next Economic Giants? Last revised on 6th January 2013
• Forbes: The World's Top 10 Billionaire Cities in 2008
• Forbes Billionaires List, Cost Of Living in Forbes Magazine article "Billionaires List, Cost Of Living". March 29, 2010.
• Forbes: Moscow beats New York, London in the list of Billionaire Cities
• Forbes: Top 10 billionaire cities in 2012: Istanbul
• Developed Countries, CIA World Factbook.
• Mauro F. Guillén (2003). "Multinationals, Ideology, and Organized Labor". The Limits of Convergence. Princeton
University Press. pp. 126 (Table 5.1). ISBN 0-691-11633-4.
• David Waugh (3rd edition 2000). "Manufacturing industries (chapter 19), World development (chapter
22)". Geography, An Integrated Approach. Nelson Thornes Ltd. pp. 563, 576–579, 633, and 640. ISBN 0-17-444706X.
• N. Gregory Mankiw (4th Edition 2007). Principles of