Notesale: Turn your study into money

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Economics Application
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Nissan, Sunderland:
Land sold at agricultural rates – closest to ‘subsidy’ allowed by EU
Major production plan near Sunderland since ‘86
83% of Nissan parts are from EU – decreased transport costs
4500 employees
201 supplier of parts to factory – 134 are UK based – indirect employment – 4 within 10
miles of factors - +ve multiplier effect
Only gearbox from Japan
Gov’t ruling – all non-managerial workers must be local
Produces more cars per worker than anywhere else in EU
From 1960-00:
The cost of air travel went from 43cents per km to 5c per km
Cost of 3 min phone call between NY and London went from $240 to $4
Computing costs fell by 99%
Radio took 50 years to reach 50m users, TV took 13 years + internet took 4 years
Trans-Pacific Partnership – proposed trade bloc of 12 countries including USA, Canada, Aus,
Japan, Peru, Malaysia and Vietnam
UK fell from 9th to 12th in the Global Competitiveness Index from 2007-8
Nike moved factory from USA to Vietnam – HQ still in USA
Rolls Royce Trent Jet Engines
24% of NHS workers are from non-UK EU countries
EU – 500m consumers
UK contributes £8bn a year to EU
UK labour force is around 33m
EU 45% of UK exports and 53% of UK imports
2004 – A8 accession of E
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6% of GDP
UK corporation tax 20% (was 28% in 2010), 12
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99 iron from Argos
Wages of Industrial worker in Bochum, Germany 10x higher than those from Cluj, Romania Nokia
USA produces 5,600m tonnes of CO2 a year
3 flights a day from City Airport to JFK for business executives – subsidised by banks
Chinese solar panels – 80% of EU market, 45% cheaper than EU ones
Russia joined WTO in 2012 – average tariff fell from 9
...
4%
Uruguay round took 87 months – saw 40% tariff reduction globally
Banana wars – EU gave special dispensation to ex colonies (ACP countries) – USA sued as
many of its TNCs operated in SA –reducing tariffs from 176euros per tonne to 114 euros per
tonne – 14% decline in ACP-EU bananas – diversified into tourism
3m UK jobs tied to EU

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Confederation of British Industry (CBI) wants to opt out of Working Time Directive – would
make UK labour force more flexible
Growth of Chindia regularly over 7%, growth of EU regularly under 2
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70 - £7
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94
Germany has $175bn budget surplus
Eurozone countries gain 0
...
332, US 0
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3, Fra 0
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273, Honduras
0
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1bn debt in 1990 – saw decrease in interest of $60m a year - provided free
healthcare to population using money from debt relief – has increased social spending by
over 25%
Uganda:
Received $3
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35%, MPC rate 0
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8% economic growth in 2015 – overheating with low IR
Japan – ageing population, 3
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5%
Gov’t spending was 47
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com
Premier inn good night guarantee + Lennie Henry
Online groceries make a loss for many supermarkets
Cross-channel Ferries:
Multiple tickets on DFDS (£27 each way) – purchased for a season of travel
P and O £47 return + £20 meal voucher
Condor ferries charge £108 to join loyalty scheme – high cost to firms
EBay bought PayPal as complimentary – eBay’s revenues used to grow PayPal abroad
Split in 2015 so PayPal could focus on core business – Apple Money

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Rev7 gum – can be removed by normal street cleaning + monger lasting taste
Amazon:
Jeff Beezos
Pushed out incumbents HMV and WHsmiths
Diversified into Kindle and Amazon Fire
Only recently started making profit – Q2 of ’15 made $192m
TR was $89bn in 2014

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Tesco:
Terry Leahy was CEO whilst successful
£2
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6%) and Lidl (4
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g
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g
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2bn Channel tunnel + £10
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50 – very strong – NMW rose from £5
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52, seeing
pay rise for 1
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09
Only 1 in 40 of the 2m jobs created by this gov’t are fulltime
Personal tax free allowance is increasing to £10,800 next year and £11,000 the year
after
Annual hours worked – Germany 1,413, 1,476 France, 1,625 UK, 2,250 Mexico
Germany being in Euro means weaker exchange rate so goods more competitive
Half of all children in secondary school in Germany do vocational studies – improve
productivity in manufacturing
TTIP – reducing trade barriers between EU and USA
UK is India’s biggest source of FDI in G20
China depreciated the Yuan by 2% after financial crisis
2% increase in UK incomes sees 4
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8% - 32
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694)
Half of the world’s known lithium reserves are in Bolivia
Singapore savings are 50% of GDP due to govt legislation
Namibia has savings 10% of GDP – Namibian Central Bank says real income is the
reason for the lack of savings
Mozambique has fertility of 5
...
cost of having a child is small as not in formal
employment – 45% of population under 14
Japan has 23% of population over 65
Mozambique debt is 40
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7% of
GDP
AB InBev potential merger with SAB Miller brewers – would make 1 in 3 beers –
worth $275bn
1990 – 60% of Chinese lived in absolute poverty (less than $1

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