However, countries, such as Japan, make a very large amount of goods and services per person albeit having relatively few natural resources, showing that it is not essential for a country to have a large domestic supply. ... Economic growth is undesirable as it may be unsustainable, meaning that it endangers future generations ability to expand productive capacity. ...
The mature market is generally a cyclical market in which volume fluctuates at or around a steady pattern of demand: the value added for sales becomes cyclical and cash generation alternates from surplus to deficit (Neale, Haslam, Johal 2009). ... This means that competition following the maturity stage did not only develop on a national scale, but also on an international one, as Caterpillar faced an unanticipated surge of competition from overseas, especially from the Japanese company Komatsu. ... Table 1: Komatsu and Caterpillar's stock turns from 1980 to 1995 Source: Caterpillar and ...
Both aspects are the result of a gradual historical change created and molded by the previous generations (Cammack). ... The second change was the formation of a truly global capitalist economy influenced by the rise of Asian economies (Japan, Korea, India and China) and re-emergence of market economies in Eastern Europe and Russia after 1989. ... Although the capitalist system has played a role in widening the inequality gap between individuals and states, it has also increased global economic growth to levels that are far much better than in the previous generations. ...
"Examine the impact of globalisation on an economy other than Australia" An important trend occurring in the world economy is the process of globalisation. Globalisation is the progressive integration between national economies and the breaking down of barriers between trade and financial flows a...
