De acuerdo con la gráfica anterior, el Ecuador se encuentra en la fase de recesión debido a la caída del precio del petróleo, y la apreciación del dólar han afectado a la balanza comercial y por ende economía nacional, por lo que se debe ajustar el gasto público, en esta fase hay un aumento de inflación en los precios de los productos de consumo (bienes y servicios) de acuerdo al Índice de Precios del Consumidor, se incrementa el desempleo y el subempleo, el poder adquisitivo de los consumidores disminuye por el alza de productos, disminuyendo de esta manera la demanda de productos.
El sector no petrolero que ha tenido un crecimiento en los últimos 5 años es el sector automotriz, que contribuye al país generando plazas de empleo en sus diversas actividades como ensamblaje, venta de vehículos, de repuestos, de llantas, etc., también aporta en aranceles, impuestos verdes.
Para los productos que se importen al Ecuador hay una sobretasa arancelaria durante 15 meses, como en el caso de los neumáticos con una sobretasa del 25%, esta medida fue implantada por el Gobierno del Presidente Rafael Correa para solventar la economía de la nación compensando la caída del precio del barril del petróleo y disminuyendo las importaciones, dando paso al incremento de las exportaciones de productos nacionales, apoyando a la industria ecuatoriana.
Este sector está en crecimiento debido al aumento de las tasas arancelarias, en lo referente a los neumáticos, también por el cambio en la matriz
This paper will dicuss the rising prices on fuel over the past few years. It will involve the trucking industry and explain how the rising of gas prices has effected trucking company. Crude Oil prices have passing over one hundred dollars a barrel. This has effected many independent owners-operators. This article will dicuss why some independent owners have decided that it is no longer profitable to drive a truck. Some owners have taking a different approach with the rise of crude oil. The article will discuss how some owners have reduced horsepower in the engines of their trucks in order to increase profit and have also choice to run day routes in smaller trucks.
Cabe señalar que nos encontramos en una economía global en donde se espera que, como mínimo, las inversiones deban rendir a la tasa libre de riesgo, que para efectos de valoración se considera la tasa de los tesoros de largo plazo. Además, debemos tener en cuenta el beta de la industria petrolera, el cual se puede calcular de las empresas de este sector que cotizan en bolsa. Así, con esto en mente, se pude hacer una valoración para determinar si al final se podrá tener la rentabilidad esperada arriba del 14%, que se exige Petrobras.
Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports
With an importance on maintaining a trade surplus, China has heavy defiance towards foreign imports. Moreover, there is a rising trend of preference towards domestic Chinese countries over foreign companies. For instance, General Order No.95 released by the government needs all medical devices imported into China to go through severe safety inspections. However, the same requirements are not applied to Chinese-made products. Firms wishing to introduce new products into the market have to face significant governmental pressure and wait for typically 12 months to have a new piece of equipment permitted. Similarly, the state in Russia is also quite disapproving. In addition to a great degree of bureaucracy, possible changes to legislation that sought to assist the domestic producers instead of foreign firms are likely to take place. In contrast, import of medical equipment has been progressively growing in India, and is consistently to have steady growth in the following years. The level of import defiance in Brazil is the lowermost midst the four countries as Brazil is greatly dependent on import of medical devices. Unlike the other three markets, import tariffs are low, and there are no import duties or value-added taxes on 42 medical devices. In addition, the product
This report is going to describe three basic different proceedings on how he can increase his production. Take over the old machines from the factories in Guarulhos, invest in new machines from Pan-Orient or come up with new ideas how the current
Maquiladoras are factories in Mexico that are foreign-owned and their products do to countries outside Mexico. The maquiladora addressed in the paper by Morales et al., (2012) refers to a chemical plant in the city of Ciudad Juárez, Mexico. This city borders El Paso, Texas (2012, p.1). This plant called “Solvay” (p. 5) is a large producer of hydrofluoric acid (p. 6). This acid is used by countries all around the world for the productions of pharmaceuticals, high-octane gasoline, and refrigerants (p. 6). This acid is corrosive and toxic. The fumes from this acid can “be fatal” (p.10). Although Solvay is located in Mexico it does not provide much to the community except low-skilled labour and an increase in exports (p.8). In other words, a large part of the benefits are taken by the multinational company who owns the plant and the locals are set to take on most of the risk.
The topic of this paper is America’s foreign oil dependency. The purpose of this paper is to suggest how might America completely destroy or at least greatly mitigate its dependency on crude oil to fuel Americans’ cars, especially foreign crude oil. Library literature, newspaper articles, encyclopedias, and the Internet were all sources used to compile this paper. The conclusion reached in this research topic is that America’s great foreign oil dependency is a crisis and other energy sources to fuel our cars need to be adopted and implemented before the people
Cars, just about every household in America has probably at least two parked in their driveway at any given time. The dependency on the gas powered car has substantially increased since it’s invention and production back in 1908 by the Ford Motor Company. As of 2014, it was estimated that there were over 88 million cars produced world-wide and growing every day. (Fig. 1) Even though a lot of these vehicles might be the new Hybrid edition, the majority of them have a dependency on oil and gasoline products for their survival and existence. Petroleum products, such as oil and gasoline do not come cheap or even free to the consumer, even the
Amid chaotic and drastic changes within Latin America, there is one country whose economy’s improvement has outshone the rest. According to a recent interview by CNN to the current vice president at Council of the Americas, it was possible to know that “Peru is currently Latin America’s fastest growing country”. Additionally, drastic reforms and innovative policies have fostered an environment that favours economic development. Although there is a lot left to do regarding public investment, the country has experienced drastic growth and several changes during the past years. Currently, the new president and the newest reforms have influenced the government and now the country is focusing on exporting processed goods instead of raw materials.
Outline I. The Venezuelan culture centers around the country’s strong and personal beliefs and morals A. The definition of culture defines as the beliefs and customs for a particular group or society. B. The Venezuelan way of life displays a true example of forth-right citizens who love their respected country. II.
Introduction: Venezuela is a country in South America that occupies the northern coast. It has a population of 30.4 million people according to a 2013 survey. The entire country of Venezuela is about a third larger than Texas. Venezuela shares its border with Columbia to the west, Guyana to the east, and Brazil to the south. The GDP per capita in 2013 was $14,414 US putting Greece on the middle tier on the Global Economic Pyramid. Venezuela’s 2013 inflation rate was also 56.2%. Venezuela has the “largest proven reserves of crude oil in the world” and is currently dominated by the oil industry.
In the article, “ Why the Gasoline Engine Isn’t Going Away Anytime Soon,” Joseph B. White writes about the reality of the old school, yet productive ways how the internal-combustion engine is going to stay in the competitive market. While at the same time he describes the change for the industry is coming just at a gradual slow pace. For years environmentalists and energy saving specialists could not accomplish what high oil prices did in just a couple years. Changing the game of auto makers focus to make improvements to their engines. The idea of changing from oil to electricity is possible but there is few chances of it succeeding until the future. The author states that cars powerful enough to serve more than one function are the basic need
One of the main features of Ecuador ’s economy is its dependence on only a few key export commodities, most importantly oil and bananas. Oil accounts for approximately 40% of the export economy, while bananas are responsible for about 17%, and Ecuador is the largest producer of bananas in the world. The rest of the economy is mostly based on less important agricultural exports, such as shrimp and flowers, which account for 6% and 4% of exports respectively. Ecuador is almost completely reliant on the success of these few industries, particularly oil, and so has suffered through a cycle of boom and bust economies over the past several decades, since oil was discovered in the 1970s.
The cost of importing is being paid by oil exports that are currently at a price too low to sustain imports. Limited private companies are producing, and prices are increasing due to high levels of inflation. Over the past ten years, Venezuela has reaped the rewards of rising oil prices and sufficient demand from large buyers like the United States, China and India, but due to reduced private companies, falling oil price and decrease global demand this country is unable to provide any value to its economy, pushing themselves to the brink of bankruptcy.
Since the past few decades, owning a car has become a necessity in order to commute from one place to another. However, cars do not work automatically, they require fuel. Since the past decade, the petroleum industry has become one of the leading industries impacting the nation’s economy. Oil has become an essential commodity as it is utilized in transportation vehicles, serves as a raw material for manufacturing plastics, and is utilized in homes for cooking. America’s economy is greatly dependent on petroleum as it is the “black gold” of the nation. The considerable significance of oil has led to the drilling of it, which is not only limited to land, but also the oceans. Offshore drilling is a method in which petroleum is extracted from underneath the seabed. It is one of the significant technological advancements in the past few decades. However, the ones who are involved in the process of offshore oil production are humans, and humans tend to make mistakes. In 1969, due to a human error, an oil spill occurred and natural gas, oil, and mud shot up the well and oozed into the ocean (“Offshore Drilling”). The oil spilled led to an environmental disaster which killed thousands of marine animals and distorted the environment. In order to prevent the same error, the government passed a moratorium in 1981, banning more than 85 percent of the country’s oil drilling sites (“Offshore Drilling”). The moratorium restricted the United States to mass-produce its natural resource.