The Economy and it's Effect on Politics Essay Example | Topics and Well Written Essays - 500 words

The Economy and it's Effect on Politics - Essay Example The existence of the EU is the result of desire to create a European common market, where trade barriers are removed and hence promote economic activities between political member states whilst becoming a united political entity on the world stage. Five economic tests were set out to determine whether the UK's economy was ready for such a change, 1) Convergence with the Euro zone; 2) Flexibility to adapt; 3) Impact on jobs and economic growth; 4) Impact on the financial services sector; and 5) Impact on investment (BBC, 2003). Two of these tests will be discussed in this essay. The Bank of England currently sets the interest rate for the UK but convergence means that power will be transferred to the European Central Bank (ECB). The UK's economy would have to be in sync with the rest of the Euro zone to avoid stresses on the domestic economy, for example The UK's mortgages are unlike the majority of Euro mortgages as they are in general variable rate mortgages, the UK has the highest property owner occupation than any other European country so is sensitive to interest rate changes. There are political and economic consequences to this sensitivity for example mortgage borrowers show unenthusiastic attitude to their political pee rs concerning joining the Euro zone precisely because of this and convergence would bear consequence on the economy as there would be a reduced spending power of these borrowers. Joining a single

Cesim Global Challange Report Essay Example | Topics and Well Written Essays - 2750 words

Cesim Global Challange Report - Essay Example This situation made it extremely difficult for the company to be attractive to investors and thereby limiting shareholder participation. It would be admitted that the efforts of Team Ochre has clearly brought some levels of improvement but it has not totally solved the situation. Team Ochre’s success can be attributed to a relatively impressive fixed asset which stood at $766,581. Even though this could be higher, it is generally better than what most other groups recorded. A number of factors can be given to explain this, including the production based investments which have already been referred to. Team Ochre is focused on maximizing shareholder value through the provision of massive global representation. Using the unit sales volumes as an indicator for market shares for the company, it was found that the company recorded positive market share in three technologies globally. Unlike its competitors, Team Ochre’s financial performance was spread across three major technologies. These were Tech 1, 2 and 3 with 0.00% market share in Tech 4. Team Ochre is also able to achieve consistent performance by effective future forecasting of its market demands. For example for Tech 1, the total available products were 8,552,000, all of which were produced in the USA with 0 manufactured in Asia. Meanwhile the demand for both markets was only 1,799,000. For Tech 2 also, the situation was not different with 0 products manufactured in Asia with 5,975,000 USA manufacturing against 1,285,000 demands. This certainly shows the effect of poor forecasting on by Team Ochre, the result of which was overproduction. Looking forward, Team Ochre plans to continue to focus its attention on efficient and lean production. The reason for saying this is that even though the company has become marketable and lucrative to customers and thus attracted some improved levels of sales, profits are still low. As of round 9, the