Wrting assignment Example | Topics and Well Written Essays - 750 words

Wrting - Assignment Example As per the China Daily report, for the same period, the nominal GDP was $1.87 trillion and PPP GDP was $5.07 trillion for India, another emerging economic power from Asia (â€Å"Top 10 countries..†). As per the report of Institute for Economic Competitiveness, the world’s largest economy United States posted a nominal GDP of $16.8 trillion in 2013, but the country’s GDP growth was only 2.3% for the first quarter of 2014. Official government data also indicate that the Chinese economy’s GDP per capita (nominal $6,747 and PPP $9,844) for 2013 assisted the country to strengthen its economic position in the global economy (â€Å"China GDP..†). China is a communist country, and hence it follows the communist principle of equal distribution of wealth and money among the people. As a result, income inequality is not a big problem in China as compared to capitalist countries like the United States and United Kingdom. However, some recent reports indicate that income inequality is turning out to be a growing concern in the current Chinese market economy despite the country’s status as a communist economic system (Lecture notes, ‘Education’). The Asian Development Bank Institute indicates that implementation of reform and open door policies in China in 1978 significantly contributed to the emergence of income inequality issues in the country. The Economist reported that the China’s official Gini coefficient was 0.474 as of 2012, but many economists argue that the country’s real inequality is far greater (â€Å"Inequality. Gini out of the bottle†). China, officially People’s Republic of China, is a communist country or single-party state governed by the Communist Party of China. Key positions in the state structure and military are occupied by the members of Communist Party. The Chinese Communist Party is controlled

Barclays Bank Essay Example | Topics and Well Written Essays - 2000 words

Barclays Bank - Essay Example Barclays Bank for a long time has been seen to capitalise in this, even before the field of behavioural finance was. One of the best example as to how Barclays Bank is using behavioural finance theory to advance its business is the English Premier League sponsorship which the bank has sponsored since 2001. Sports generate a lot of emotions epically emotions of belonging and fondness. In this regard, sponsoring the English Premier League which is popular not only in England but actually in the whole world has enabled the bank to be able to access a lot of market. There are so many customers around the world who become customers to Barclays Bank just because they associate it with their favourite sport, soccer. Business Funding at Barclays Bank Being a three hundred year old business, Barclays Bank has used a number of funding methods over the years. However, there are the most recent funding methods which the bank has opted. ... In the United States, the bank has also had some liquidity issues and there were fears that the bank may be having a bad debt of over $10 billion and this led to the shares of the bank dropping a whole 9%. However, it later emerged that the debt was much less than the amount and was actually $1.9 billion. Funding In an attempt to enhance its tier 1 capital ratio, Barclays Bank tried to raise 4.5 UK pounds through a non-traditional rights issue in mid 2008. However, only 19 percent of the shareholders took up the rights offer and this led to the majority shareholder, China Development band and Qatar Investment Authority with majority shares. Later in the same year, Barclays tried another round of capital-raising which led to seven billion UK pounds being raised, mainly from investors from Qatar and Abu Dhabi. The fact that the capital raising was not from the existing shareholders led to some worries by the existing shareholders who objected to the fact that they were not pre-empted a bout the rights issues. The shareholders even threatened to boycott the decision in the extraordinary shareholders meeting. Barclays Bank Shares Barclays Bank is a publically traded firm which trades both in the London Stock Exchange as well as the New York Sock Exchange. All its subsidiaries also trade in the local stock exchange markets of the countries where they operate. Barclays Bank has been in the stock exchange for a long time now and the current price of its shares is ?284.35 which is a fall of 1.59% from previous price. Barclays bank has a capitalisation of over ?21.8Â  billion making it the 22nd largest firm listed in the London stock exchange market. The