The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
The recent summit of G8 in Hokkaido, Japan is drawing lots of attention world over. G8 is the world elite nation`s club, naturally US being the top dog of it. The summit is currently drawing out the plan to control world`s carbon emission and charting a plan extending up to 2050 A.D. The most develop countries of the world must have say on these issues. After all they consume more, emit more carbon in the atmosphere; so they must ensure other do not follow their suit to further pollute the planet earth. Wise thoughts! No doubt.
But 2050A.D is still far off. I doubt by the time we complete half of the current century (though many of us will not be here to witness!), this G8`s program will become irrelevant. Not that I am a soothsayer, Mr., Jim O`Neill, the chief economist of Goldman Sachs has drawn a future economical map of the world that spells so. According to him Brazil, Russia, India and China; these four emerging economy, acronym given to them is Bric, are all the way likely to overtake G8 by then. He and his team prepared a econometric model to try to project how these countries are likely to grow vis-à-vis the G7 over 50 years. Their prediction is taking shape faster than they have expected to be.
The order last year in the size of economies ran: US, Japan, Germany, China, UK, France, Italy and Spain. Now have a look as per their prediction for 2050 A.D; it is utterly different. Goldman models top eight will be China, Us, India, Brazil, Russia, Indonesia, Mexico and the UK in the order of their economic advancement. Does it sound ridiculous? Wait, it does not end there; Goldman suggested after Bric , it will be ‘next 11’, a next tier of emerging economies. They will be led by Indonesia with Turkey, the Gulf States and Nigeria. Some of the most interesting data given by Goldman about these emerging economies that there will be a explosive growth of the new global middle class. This will continue with decline with global inequality. Further they suggest that by 2030 another two billion people may have joined the middle class. This is while a lot of focus on rising inequality in the emerging economies but globally the reverse is true.
As a result in next or next to next summit of G8 may have agenda like protectionism in US or European Union to restrict China or all those emerging economies.
But 2050A.D is still far off. I doubt by the time we complete half of the current century (though many of us will not be here to witness!), this G8`s program will become irrelevant. Not that I am a soothsayer, Mr., Jim O`Neill, the chief economist of Goldman Sachs has drawn a future economical map of the world that spells so. According to him Brazil, Russia, India and China; these four emerging economy, acronym given to them is Bric, are all the way likely to overtake G8 by then. He and his team prepared a econometric model to try to project how these countries are likely to grow vis-à-vis the G7 over 50 years. Their prediction is taking shape faster than they have expected to be.
The order last year in the size of economies ran: US, Japan, Germany, China, UK, France, Italy and Spain. Now have a look as per their prediction for 2050 A.D; it is utterly different. Goldman models top eight will be China, Us, India, Brazil, Russia, Indonesia, Mexico and the UK in the order of their economic advancement. Does it sound ridiculous? Wait, it does not end there; Goldman suggested after Bric , it will be ‘next 11’, a next tier of emerging economies. They will be led by Indonesia with Turkey, the Gulf States and Nigeria. Some of the most interesting data given by Goldman about these emerging economies that there will be a explosive growth of the new global middle class. This will continue with decline with global inequality. Further they suggest that by 2030 another two billion people may have joined the middle class. This is while a lot of focus on rising inequality in the emerging economies but globally the reverse is true.
As a result in next or next to next summit of G8 may have agenda like protectionism in US or European Union to restrict China or all those emerging economies.
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