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Only when the GDP per capita of black and mixed-race South Africans begins to grow rapidly will the country be a truly attractive one for most companies. Arguably, the Human Development Index is a better measure, because it can reflect the overall potential of a nation like South Africa, where the development of one segment of the population is more critical to the market's potential than GDP, which is driven by another segment of the population.
A fourth reason why average per-capita income is not always the best indicator of an emerging market's potential lies in the Gulf States. Many Gulf States have very high average GDP per capita figures, driven by oil revenues. The lifestyle of most of the people in these nations, however, is strictly emerging market. The per capita income of the average person in a Gulf nation is much, much lower than the per capita GDP would suggest. The GDP figure is severely skewed by the value of oil, most of which goes to the government of those nations. Complicating the issue that that many Gulf States have locals as the minority, sometimes below 20% of the population. Wages earned by foreign workers are often repatriated rather than spent locally. For the most part, foreign workers are not beneficiaries of government largesse because they are not citizens. If the government in the UAE, for example, spends some of its oil wealth on education and social programs for Emirati citizens, these benefits only accrue to 20% of the population. For a foreign...
(2002). A case for the family-owned conglomerate. McKinsey Quarterly. Retrieved October 18, 2012 from http://www.mckinseyquarterly.com/A_case_for_the_family-owned_conglomerate_1238
Rajwani, S. (2011). How should firms deal with political risk? Cranfield University. Retrieved October 18, 2012 from http://www.som.cranfield.ac.uk/som/p16495/Think-Cranfield/2011/May-2011/How-Should-Firms-Deal-with-Political-Risk
Sargeant, N. (2006). What risks do organizations face when engaging in international finance activities? Investopedia. Retrieved October 18, 2012 from http://www.investopedia.com/ask/answers/06/internationalfinancerisks.asp#axzz29f2QIadw
Tata.com (2012). Heritage. Tata Group. Retrieved October 18, 2012 from http://www.tata.com/htm/heritage/HeritageOption1.html
Temel, B. (2004). GDP per capita: An accurate gauge or a bum steer? About.com. Retrieved October 18, 2012 from http://economics.about.com/library/weekly/aa043004a.htm
WRI. (1999). Trends point to gains in human development. World Resources Institute. Retrieved October 18, 2012 from http://www.wri.org/publication/content/8604
Works Cited:
Gibson, K. (2002). A case for the family-owned conglomerate. McKinsey Quarterly. Retrieved October 18, 2012 from http://www.mckinseyquarterly.com/A_case_for_the_family-owned_conglomerate_1238
Rajwani, S. (2011). How should firms deal with political risk? Cranfield University. Retrieved October 18, 2012 from http://www.som.cranfield.ac.uk/som/p16495/Think-Cranfield/2011/May-2011/How-Should-Firms-Deal-with-Political-Risk
Sargeant, N. (2006). What risks do organizations face when engaging in international finance activities? Investopedia. Retrieved October 18, 2012 from http://www.investopedia.com/ask/answers/06/internationalfinancerisks.asp#axzz29f2QIadw
Tata.com (2012). Heritage. Tata Group. Retrieved October 18, 2012 from http://www.tata.com/htm/heritage/HeritageOption1.html
Temel, B. (2004). GDP per capita: An accurate gauge or a bum steer? About.com. Retrieved October 18, 2012 from http://economics.about.com/library/weekly/aa043004a.htm
WRI. (1999). Trends point to gains in human development. World Resources Institute. Retrieved October 18, 2012 from http://www.wri.org/publication/content/8604
Risk Mitigation Risk mitigatio To ensure that this project will not overrun the set budget, there is a need to plan properly before the project starts. Planning will minimize the risk of the project extending its set budget Glickman & Khamooshi, 2005. Risk management is vital for this project as it identifies any problems that might occur as the project is ongoing. Identifying potential problems allows the project managers to be prepared for
Risk In a capitalistic society, risk is often associated with reward. In many instances, it takes risk to garner the large profits and wealth that many entrepreneurs amass over time. It is through this risk that society overall benefits. The vast ecosystem embedded within a capitalistic society requires innovations to better compete in a global environment. Technology, energy, and banking all require new and unique products to cater to a growing
Risks in Export Market There is need for companies to develop a professional approach before venturing into the exporting business. The management of the company is supposed to be committed extremely as well as devoting time and money in commencing the campaigns of export. A company is supposed to be ready to face greater competition as well as more stringent rules and regulations concerning products and packaging due to the variance
Risk Management in Hedge Funds A research of how dissimilar hedge fund managers identify and achieve risk The most vital lesson in expressions of Hedge Fund Management comes from the inadequate name of this kind of alternative investment that is an alternative: The notion that all methodical risks are differentiated away is not really applicable here, with the Hedge Fund returns, in realism, representing a mixture of superior administration of market
Risk Assessment Program Over the last several years, many small and medium sized businesses have been turning to cloud computing as a way of storing, retrieving and accessing vital information. This is when a third party provider will offer firms with these services at a fraction of the cost of traditional IT departments. Moreover, there is unlimited storage capacity and firms can readily protect themselves against vulnerabilities at a particular site.
The SMART-Ra solution is characterized by the following: The formal assessment of the risks through the employment of the ISO 27005 standards and the OCTAVE techniques The systematic assessment of the risk through the PDCA model (plan, do, check, act) The automated risk assessment through the Fast Ra feature, which "provides fully automated risk assessment with a built in database of standard assets, threats, vulnerabilities and controls" (Website of SMART-RA) The creation of