Reference - http://geology.com/world/world-map.gif
Once we had done this we were then shown a map that presented and displayed the GDP per countries on the world map in land mass proportion and the GDP per capita. I found that this was very fascinating to look at because I was quite interested to see how the GDP looked per each country. However there are emerging markets and problems areas that could be seen as we are the ones that will be dealing with all of these problems and we need to know what the problems are and how they will effect me as a designer and how they will effect me as a whole.
What/Who are these?
Countries and markets that are now developing and have a chance to come to famous. The markets which are growing are becoming the key developer and the potential markets for new businesses. These areas are becoming politically unstable and volatile.
To be more precise
China
India
Russia
Brazil
= Growth/Development Potential.
Middle East
China/Taiwan
Russia
= Problem Regions.
Interconnectivity of Technology
Why is this important?
This is important because they invest in the United Kingdom and some of the clients may well be from these investors and become new economic powerhouses which don't do what you do! There are also many problem areas that are world affecting and the technology will impact on you.
So, we have to appreciate what has happened already in the middle east.
We firstly started to look at China.
Population - 1.4 Billion.
GDP - $9.28 Trillion
Reference - http://geology.com/world/china-map.gif
We then were shown a graph showing Countries GDP levels (World Bank), China is becoming a major competitor. We looked at the graph that features the GDP per capita (USD) the United Kingdom is doing better than China. Provisional Share of GDP Growth in 2014, shows us which of the regions are struggling and that aren’t struggling. We were then show the Energy-Related CO2 emissions. China are increasing and the US are decreasing, which is why Beijing are famous for the smog. We were then told about about how Donald Trump disagrees with some of the methods that China uses.
Key Issues -
Taiwan:
China regards Taiwan as of China (as it once was)..
Taiwan has a different view. Wants independence after 68 yrs of self rule.
China adamant this will not happen.
South China Sea:
Chinese navy ( a new phenomenon for China and the world), was been becoming expansionist in the South China Sea, taking over land and islands, buy force if necessary.
Trump (Donald):
Not exactly respecting of China, but with some reason.
China needs to adhere to world business methods.
We then moved onto talk about India:
Population - 1.2 Billion
GDP - $5.1 Trillion
Reference - http://geology.com/world/india-map.gif
It is similar to China but isn’t as bad. There are big cost of shipping between the United kingdom and China, but less between China and India. We were then shown a graph of the GDP in India between the 1950's to 2014.
I found that the country India doesn't have the control like the other countries.
For both countries:
China and India: Have strong development - economically and are doing well, but
Victorian type imbalance of Wealth
Poverty not uncommon, variable across the country
Living standards weak and variable
= Leads to social stress. Problematic for heavily centralised or democratic governments.
However these difficulties led to serious political disruption in Europe.
There are serious issues of copyright breach.
Needs regulation, which is not forthcoming
…..
There are big cultural differences. The understanding between China and the West is not good as it should be. India are much better with the west and respect each other. So the economic development will be faster, then slow down but they will again get quick but then will slow and will continue to do this.
Many people in the west have what they need which results in high competition and differentiation need is important. Many people in the east don't because they is potential for very high demand.
Population Issues
For the next part of the lecture we then moved onto talk about the Population Issues. Population growth has been very dramatic as there were 7 Billion people world wide in 2015, but only 1.5 Billion worldwide in the year 1880, this shows us the rapid difference. We were then shown the projected world population and the world population forecast an breakdown. I found that this was very interesting to look at because there this could change even more in the up coming years and how this is shown to us differently in each continent.
After this we were then shown the population density, this tend to cause population problems. This creates localised issues. The European Population Density graph is used partly to show why immigration is more within these countries. I thought that this was very detailed and interesting to look at the facts and figures.
The final part that we looked at within this lecture was the Thomas Malthus graph and the basic theory. I found that this was also very interesting.
Go past this “Crisis Point” and serious issues occur
War - think food, lifestyle, etc.
…
On the plus side…
You can see the changing dynamics of the population.
This implies the issues a market may face.
I found that this lecture was very interesting and quite factual which I really enjoyed learning about.