First  Prev  1  2  3  4  Next  Last
Economy of China and India
3929 cr points
Send Message: Send PM GB Post
21 / F / My body lives in...
Offline
Posted 7/28/08 , edited 8/24/08
This is a general thread on the economy of India and China.

What is with China and India such that they increased their demand for oil and fuel? What is the implication of such a great increase in the demand for oil and fuel? What can we do to help in such an economy trend?Anything on recession? What do you think your government can do to counter a recession ?....
Posted 7/28/08
It would help if racist american politicians wudnt block a Chinese company buying an american oil company etc
3264 cr points
Send Message: Send PM GB Post
24 / M / Los Angeles
Offline
Posted 7/28/08
Having all those people might require more resources
it ain't rocket science
Posted 7/28/08
1. I'm guessing that the reason China and India have increased their demand for oil and fuel is that they are really big countries with sizable populations that are turning into developed nations. No more old school shhhh. They are modernizing like the rest of us.

2. The implication is that since they need more oil, more oil needs to be pumped out of the fields to meet their new demands coupled with ours. Unfortunately, the higher demand probably doesn't meet the supply, so prices go up. There's other factors, too, like the weakening dollar in the US, and the so-called "speculators."

3. Consume less fuel. Take public transportation. Ride a bike. Walk more often. Don't go on roadtrips.
16313 cr points
Send Message: Send PM GB Post
M / ♪ ♫ ☼ england
Offline
Posted 7/28/08
They increase demand for oil since they're the 2 most growing economies in the world, with a massive population. they're the next super power's some might argue.

implication: environmental issues i.e. pollution?

what can we do: nothing, we've gotten to the point where you rely on them too much.

and thirdly.

http://www.crunchyroll.com/forumcategory-16/Extended-Discussion.html

23685 cr points
Send Message: Send PM GB Post
29 / F
Offline
Posted 7/28/08
Nah. Not yet. The posts here are simply light discussions, or dissing, or offers basic ideas, none of which really makes it 'extended discussion' material. Yet.
16313 cr points
Send Message: Send PM GB Post
M / ♪ ♫ ☼ england
Offline
Posted 7/28/08
whatever floats your boat.
Posted 7/28/08
stupid cunt deleting my post!
Posted 7/28/08

Shinjy wrote:

stupid deleting my post!


I think the forum moderator is deleting your post, sir.
16313 cr points
Send Message: Send PM GB Post
M / ♪ ♫ ☼ england
Offline
Posted 7/28/08

Goburin_3000 wrote:

I think the forum moderator is deleting your post, sir.


forum mod's act on reports. if no one reports, then they don't come.

sometimes.

Posted 7/28/08

Goburin_3000 wrote:

I think the forum moderator is deleting your post, sir.


nah u dnt say!
Posted 7/28/08
me and Chance posted at d same time! omg!
1542 cr points
Send Message: Send PM GB Post
22
Offline
Posted 7/28/08 , edited 9/4/08
So much has changed in technology and science in the last hundred years: computers, rocket science, medicine, cell phones (communication), microwaves, internet....the people wouldn't even dream about 50 years ago and yet transportation have changed so little that they still rely heavily on oil.
OPEC is producing around 30,000,000 barrels daily among others.






http://news.yahoo.com/s/nm/20080904/us_nm/wealthmanagement_report_dc

NEW YORK (Reuters) - The old saying holds true: The rich do get richer.


Even as world financial markets broke down last year, personal wealth around the world grew 5 percent to $109.5 trillion, according to a global wealth report released on Thursday by Boston Consulting Group.

It was the sixth consecutive year of expanding wealth. The fastest growth was among households in developing regions, such as China and the Gulf States and among families who were already rich.

That wealth also is increasingly concentrated among the richest.

The top 1 percent of all households owned 35 percent of the world's wealth last year. Meanwhile, the top 0.001 percent, ultra-rich households holding at least $5 million in assets, commanded $21 trillion -- a fifth of the world's wealth.

The planet also continues to mint new millionaires rapidly. The biggest jumps in 2007 came from emerging countries in Asia and Latin America. Overall, the number of millionaire households grew 11 percent to 10.7 million last year.

BCG notes that, while the rich are still rich, they have been making some adjustments as a result of the financial crisis.

This year, assets are being shifted to more conservative investments, more money is being kept onshore in home markets and some individuals have curtailed new investment.

Yet BCG cautioned the outlook for wealth markets and the banks who serve them, is dimmed by the current financial crisis.

North American personal wealth growth slowed to 3.8 percent last year, compared with 9 percent in 2006, reflecting the the mortgage crisis and the onset of the credit crunch last summer.

"The financial crisis continue to cast a pall over established wealth markets," said Victor Aerni, a Zurich based partner who coauthored the report.

BCG, which advises banks and wealth managers, forecasts personal wealth will continue growing, but at a slower pace. This year, with Wall Street suffering through one of its worst slumps in decades, growth in assets is expected to rise less than 1 percent.

Things will improve over the next five years, BCG said, with personal wealth growing more than 3 percent annually -- well off the 8.5 percent set between 2002 and 2007.

Wealth is growing at much faster rates among the rest of the world. Households in Asia, the Pacific Rim excluding Japan and Latin America saw the greatest growth, with wealth rising 14 percent. That growth was fueled by manufacturing in Asia and commodities in Latin America and the Middle East, as well as more currency and political stability.

BCG observed that banks, brokerages and money managers will have little choice, but to expand their presence in these fast growing centers. Dubai and Singapore, the firm said, are becoming regional private banking centers offering greater competition to traditional havens such as Switzerland.



6051 cr points
Send Message: Send PM GB Post
Offline
Posted 7/28/08
i think it's cos they are fast developing countries? thus adding on to the demand for raw materials. yupps.
this just shows that those countries supplying oil will earn big bucks --"

sounds like econs? haha.
the supply and demand curves would shift thill there is a equilibrium price and supply XD
1006 cr points
Send Message: Send PM GB Post
28 / F / California
Offline
Posted 7/28/08

chinky_sonny wrote:

This is a general thread on the economy of India and China.

What is with China and India such that they increased their demand for oil and fuel? What is the implication of such a great increase in the demand for oil and fuel? What can we do to help in such an economy trend?



It's easy to see that population is the problem. Since India and China have the largerst population on this planet, their demands in transportation is unavoidable, and transportation is pretty much related to oil. There are many ways to help like buses, trains and subways but ppl tend to take the easy way out. Like if you have a car would you rather take the bus ?! Another helpful way is hybrid cars.
First  Prev  1  2  3  4  Next  Last
You must be logged in to post.