Thursday, August 6, 2015

Unemployment in Ireland, Economic Profile.

Unemployment in Ireland, Economic Profile.
By: Donna Welles. 6,8. 2015.
Ireland has an unemployment rate of 13%. Its European neighbors have unemployment rates that dot the spectrum; Norway has 4%, the United Kingdom has 8%, and Spain has 26%. In 2000, Ireland's unemployment rate was 4%. Allow us to examine Ireland's economy in terms of the following indicators, (1) trade balance, (2) trade with the United Kingdom and Germany, and (3) social indicators. In 2014, Ireland's GDP was $246billion USD, up from $99billion in 2000.
                Ireland's exports greatly exceed its imports. The World Bank's WITS database reports that 2014 Irish exports totaled $118billion, whereas its imports totaled $71billion. Of the $118billion in exports, 58% is chemicals, 13% is manufactured goods, 11% is machinery, and 10% is food and live animals. Specifically, pharmaceuticals accounted for $29billion, organic chemicals accounted for $24billion, perfumes and cosmetics accounted for $9billion, and scientific instruments accounted for $6billion. Of the $71billion in imports, 27% is machinery, 21% is chemicals, 13% is manufactured goods, 12% is mineral fuel, and 11% is food and live animals.
                External trade with Germany has fluctuated significantly since 2000, although that with the United Kingdom appears stagnant. Irish exports to Germany have decreased by 13% whereas imports from Germany have increased by 98%. Irish exports to the United Kingdom have increased by 16.6% whereas Irish imports from the United Kingdom have increased by 61%.
In terms of social indicators, Ireland's armed forces personnel totals have dropped to 9,350 servicemen in 2013 from 11,500 in 2000. Dublin has increased in size since 2000 to 1.2million in 2014. Ireland's total population in 2014 was 4.6million and its life expectancy was 81. 

Monday, August 3, 2015

Malaysia, Growth Market for Telecommunications.

Malaysia, Growth Market for Telecommunications.
By: Donna Welles. 30,7. 2015.

Allow us to examine Malaysia as a potential growth market for telecommunications. In terms of its overall economic landscape, Malaysia has a GDP of $327billion USD and a population of 30million. Indonesia has a GDP of $889billion and a population of 253million. Relative growth rates since 2000 show that Indonesia's economy has expanded by 438% whereas Malaysia's has expanded by 249%. Australia's GDP has expanded 250% since 2000.
Social indicators show that people in Malaysia live to be 75 whereas in Indonesia people live to be 71. Australia's life expectancy is more in line with that of Western Democracies, 82years. In terms of armed forces personnel totals, Indonesia has by far the largest reserve totaling 677,000, Malaysia has 134,000 soldiers, and Australia has 57,000.
                In terms of targeted marketing per the telecommunications sector, Malaysia enjoys an internet connectivity rate of 68% whereas less than 18% of Indonesians have access to the internet. Further, external trade indicators show Malaysia to be home higher quality goods than Indonesia. The countries have roughly the same imports and exports ($USD), although Malaysia's total GDP $USD is much smaller. In 2014, Malaysian exports totaled $234billion whereas Indonesia's totaled $176billion. Malaysian imports totaled $209billion whereas Indonesia’s totaled $178billion.
Malaysia's land area is a fifth the size of Indonesia, less than half a million square kilometers. Malaysia’s capital city is Kuala Lumpur, Indonesia’s is Jakarta, and Australia’s is Canberra.