You have been invited by the government of Trinidad and Tobago (West Essay

You have been invited by the government of Trinidad and Tobago (West -Indies) to advise the political leader on economic development initiatives that can help - Essay Example Windfalls from surging prices of energy, exploitation activities of new gas fields and moves towards industrial capacity expansion have contributed in no small measure to vibrant economic activity, strengthening of foreign reserves and excess liquidity witnessed in the financial system. Certain indicators like capacity strains in the construction and other sectors, tightening of the labor market and an accelerated inflation point towards the operation at full or near potential of the economy. To ensure that Trinidad and Tobago’s economy is improved upon and achieves a high performing economy status, the need for certain economic development initiatives cannot be overemphasized. According to a 1999 estimate, the GDP of the country stood at about $9.41 billion dollars at growth rate of about 5%.the purchasing power parity or GDP per capita also stood at about $8500 in 1999.A further breakdown of composition by sector of the GDP reveals that services has the highest input of 54% followed by industries with 44% and by agriculture with 2%-according to a 1998 estimate. Exports from the country in 1998 had a value of $2.4bn (f.o.b).In order to raise the standard of living for current and future generations, there is an important need to strike a delicate balance of efficient investment of energy windfalls in promoting social objectives and economic diversification while avoiding an overheating of the economy and inflationary trends by the strategic pacing of energy reven ues. It is important to note that, the gulf between the non-energy sector and its energy counterpart has widened with the non-energy sector witnessing a fiscal deficit alongside an accelerated public spending increase. Urgent steps need to be taken so as to reverse overdependence on revenues from the oil sector. Human development and infrastructure should be allocated high-quality spending. Given the upward trend in inflation and the real

Summary of Apple Inc. Case Study Essay Example | Topics and Well Written Essays - 500 words

Summary of Apple Inc. Case Study - Essay Example During the period of John Sculley (1985-1993), the then CEO of Apple Inc, numerous strategies were adopted in order to make Apple pioneers in the desktop publishing segment. Under the leadership of Steve Jobs, the company had been capable of achieving sustained growth. During his reign, Apple underwent restructuring efforts and also outsourced manufacturing of the Mac products to the contract assemblers of Taiwan. The company’s distribution systems were also revamped. Through company’s website, Apple was capable of selling the products directly to the consumers. The company’s image was invigorated as well by promoting itself as a hip substitute to another computer brand. During the year 2008, one of the key drivers of revenue was Macintosh computers. Apple had put the high emphasis on the technology and innovation which had assisted the company in beating the cutthroat competition. The first retail store of the company was in McLean, Virginia which started its op eration in the year 2001. Until the year 2008, the company was found to be operating through 215 stores. The case study also details the growth of the PC industry since its inception from the mid-1970s. The close competitors of Apple Inc had been IBM, Compaq, and Dell among others those had been focusing upon research and development in order to compete successfully with Apple, Inc. The PC industry has sought tremendous change in the recent years. It is now available in numerous forms ranging from laptops, workstations, sub-notebooks, and servers. However, after the components became standardized the manufacturers of PC started cutting their spending on research and development. Instead of spending on R&D, the companies started focusing on innovation in manufacturing, marketing, and distribution in order to achieve competitive advantage.