Milionaire comparision Essay Example | Topics and Well Written Essays - 1000 words

Milionaire comparision - Essay Example China’s number of millionaires is currently at 1.12 million in 2013 and is expected to rise to 2.1 million in 2018 thus representing an 88% increase. In the last one year, China experienced 90, 000 rising millionaires making her projections for 2018 to be doubled. This essay compares and analyses factors catapulting China and India’s rapid growth in the number of millionaires. China, India and Singapore recorded the highest increase in millionaires in 2011 and the Asia-Pacific experienced a rise in wealth while Western Europe and America encountered a decline in wealth. The millionaire households in China rose by16 percentage and India saw a 21% increase, which represented 1.43 million and 162, 000 respectively. Nevertheless, the millionaires households in America decreased by 129, 000. US seems to lose the number of millionaires to China and India where the percentage increase in overall private wealth in both China and India’s overall private wealth has been at tributed to their strong GDP (Datamonitor Financial, 2012). The two emerging markets tend to drive the future growth of wealth as the US, Western Europe and Japan loses wealth prompting the financial services and conventional wealth managers to look to the new markets for profit maximization. Banks in India and China are preparing themselves to capture their new millionaire clients. Although the United States and Japan rank first and second as the countries with a huge number of millionaires, the rapid growth in millionaires is only evident in India and China (New, 2012). According to Hess (2013), mature markets such as US, Japan and Western Europe experience either slow or negative growth while emerging markets such as China and India ride a wave of very strong momentum steering their people to greater heights. The china’s wealthy people rise at a higher rate compared to other countries experiencing financial crisis recovery. Rapid economic growth experienced in China, India and other emerging markets has largely contributed to the number of millionaires globally. The millionaires in these countries boast cash, stock and cash assets of more than $1 million and the two countries are likely to experience the rapid growth because of their many listed companies. The robust exports linked with both China and India enhanced their GDP growth making the rate triple the once for developed countries. Recent economic growth in both China and India that has resulted to a huge number of millionaires is based on exports mostly to Europe and North America. Upon joining World Trade Organization, China’s export has largely increased making her value of exports between 2006 and 2013 to double from $1.1 trillion to $2.3 trillion. Similarly, India is further expected to experience a growth in exports from $191 billion to $350 billion within the same period (Hess, 2013). The high rate of domestic demand in both countries due to their high population is likely to enh ance their respective economic expansion thus leading to emergence of more millionaires. The decrease in demand from Western Europe and the US because of the financial crisis and the Eurozone’s debt challenges can therefore stall the growth of China’s economy. Interestingly, the impressive economic growth in India and China is unequal making their millionaires to represent 3.0% of the larger population. Rate of unequal

Case Study Essay Example | Topics and Well Written Essays - 500 words - 55

Case Study - Essay Example This implies that Ms. A has progressively lost excessive amount of blood thus resulting in the reduction of her iron levels. Iron deficiency anemia is a common type of anemia especially among women. Iron is a fundamental composition of blood. Among the common causes of the iron-deficiency anemia is excessive blood loss as is the case with Ms. A. heavy menstrual flow among women is the leading cause of iron loss thereby causing the anemia (Fry & Sandler, 1993). Ms. A explains that ever since she was ten she suffered from both menorrhagia and dysmenorrheal. The excessive loss of blood results in the loss of the red blood cells thus reducing the amount of hemoglobin. Hemoglobin is a significant component of the red blood responsible for the red pigmentation of the blood. Besides coloring the blood, hemoglobin transports oxygen to the various tissues of the body. Excessive bleeding thus results in the loss of hemoglobin a feature that impairs the functionality of the body tissues since they will not receive adequate amounts of oxygen (Hoffbrand, Moss & Pettit, 2011). Oxygen facilitates metabolism. As such, pe ople with minimal amounts of oxygen will lack adequate energy. Ms. A has noted specific symptoms since the beginning of the current golf season. The symptoms include shortness of breath, lack of energy and enthusiasm among many others. These symptoms are characteristic of iron deficiency anemia. As explained earlier, excessive bleeding results in the loss of hemoglobin a pigment responsible for transporting oxygen to the tissues of the body. The lab report provides succinct symptoms of the iron-deficiency anemia. Key among the components of the lab report is the fact that red blood cell smear showed microcytic and hypochromic cells. This implies that the red blood cells appear pale and thinner than in normal circumstances (Uthman, 1998). Ms. A’s blood appears so owing to the deficiency of hemoglobin in her red