Different Countries Different Cultures Assignment - 2

Different Countries Different Cultures - Assignment Example Therefore, comparatively, there is a higher growth rate in GDP in the USA as compared to Japan. The unemployment rate in the USA during the first quarter was rated at 8.2%, while that of Japan over the same period was rated at 4.6% (Robert, 2008). While there was an increase in the unemployment rates in Japan during this period, in the USA, more jobs were created. The annual inflation rate by January 2012 for Japan was observed to rise by 0.1%, while that of the USA decreased to 2.9%. However, both countries trade deficits widened, with the imports for both countries being higher than their exports. Another similarity between the countries is in their economic performance, where both economies are performing well. China is the world’s fastest growing economy, with an average annual growth rate of 10% over the last thirty years. While China has an average quarterly growth rate of 2.15% from the year 2001 to 2011, the average quarterly GDP growth rate in India is 7.45, as from the year 2000 to 2011. Since 1997, the economy of India has recorded a steady growth rate of 7%, thus serving to reduce the poverty levels by a greater margin (Jayati, 2010). The GDP of India grew by 6.9% in the last one year, while that of China increased by 8.1%. While the economy of China is mostly supported by exports, which forms the bulk of China’s GDP, that of India is mostly supported by the service industry, which forms the bulk source of income for the country’s economy (Jayati, 2010). In the first quarter of 2012, China’s inflation level went up by 3.6%, while that of India decreased by 0.3%. While the GDP per capita of China was 8,394 US dollars, that of India was $3,703 for the same period. China is the world’s largest producer and consumer of Agricultural goods, while India is the second largest producer and consumer (Rogers, 2011).  

Enron and Arthur Anderson Research Paper Example | Topics and Well Written Essays - 1000 words

Enron and Arthur Anderson - Research Paper Example In 1986, Enron moved its headquarters to Houston from Omaha. In 1990, Kenneth Lay was joined at Enron by Jeffery Skilling, his former consultant. Later, Jeffery Skilling would become the chief operating officer of the company (Fusaro and Miller 12). Andrew Fastow is Enron’s chief financial officer. Sherron Watkins is Enron’s vice president of corporate development. Jeffrey Skilling is the president of the corporation and Kenneth Lay is Enron’s chairperson (Eichenwald 5). Andrew Fastow is more than a minor actor in the Enron saga. He develops discrete business entities that are not manifested in the chief financial statements of the company. It is Andrew Fastow who creates the complicated web of off-balance sheet corporations that permit Enron to conceal its authentic financial situation from shareholders (Eichenwald 31). In addition, through the dealings of the chief financial officer, the company is involved in a large number of offshore associations, a financial issue, and concealed more than $1 billion dollars in liability through some of these companies. It is this complicated plan that causes its collapse. Sherron Watkins is perceived by numerous people as the whistleblower that has assisted in revealing the Enron saga. Sherron Watkins blows the whistle by warning the Kenneth Lay, Enron’s chairperson of the tremendous financial indiscretions in accounting reports (Eichenwald 32). Nevertheless, she has been critiqued for failing to speak up overtly earlier about her fear, as her memorandum does not get to the people until five months later. Jeffrey Skilling is presumed to be careless and does not pose an intention of harming stakeholders but does not take the necessary precautions to protect them. The corporation adopts market to market accounting during Jeffrey Skilling’s leadership. This strategy predicts future earnings from any business will be given an explanation for by approximating their