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Ryan
Advantages and disadvantages.
How the UK is affected by the Primary secondary and tertiary sector of the Chinese economy.
Basically Im writing an assignment on how the Chienese economy affects the UK around 2000 words, need as much help as possible, websites, info the lot all help is fully appreciated. Please and Thankyou to all contributions.
Answer
As economies grow, they tend to shift their resources towards the tertiary sector, which is what UK and USA have done over the years. Developing countries like China, India, or Bangladesh focus more on their primary and secondary sectors because they are still "agriculture based" economies (at least Bangladesh and India are). China has a strength as an industrial state (secondary sector - manufactured goods, etc) and even that is evolving into a more tertiary based economy.
Now, when you pick up anything on the streets of UK, whether its a towel, t-shirt or even your new iPod set, chances are that you'll be looking at something "Made in China". Now, the implications for UK mainly concern its trade with China.
Let me give a simple example first: Suppose that UK is importing all its manufactured goods ranging from home appliances to cars, from China. Now if there is extensive growth in the Chinese economy and let's say there is inflation, then UK consumers would be paying higher prices for those products. This would not only result in "imported inflation" but would also cause the pound to depreciate in the international market (because to pay higher prices, more pounds would be spent in the international currency market) therefore depreciating the pound sterling (but this wouldn't happen because the pound is fixed in its value).
UK will be affected by the changes in these sectors that happen in the Chinese economy. For example, if China gradually phases out its primary sector where farmers would get fresh produce off to the UK, then UK may need to find another trading parter. China may slowly phase out its focus on the primary sector because it is the sector that results in the lowest revenues as compared to capital goods or services.
You could be more specific in the question in btw :)
As economies grow, they tend to shift their resources towards the tertiary sector, which is what UK and USA have done over the years. Developing countries like China, India, or Bangladesh focus more on their primary and secondary sectors because they are still "agriculture based" economies (at least Bangladesh and India are). China has a strength as an industrial state (secondary sector - manufactured goods, etc) and even that is evolving into a more tertiary based economy.
Now, when you pick up anything on the streets of UK, whether its a towel, t-shirt or even your new iPod set, chances are that you'll be looking at something "Made in China". Now, the implications for UK mainly concern its trade with China.
Let me give a simple example first: Suppose that UK is importing all its manufactured goods ranging from home appliances to cars, from China. Now if there is extensive growth in the Chinese economy and let's say there is inflation, then UK consumers would be paying higher prices for those products. This would not only result in "imported inflation" but would also cause the pound to depreciate in the international market (because to pay higher prices, more pounds would be spent in the international currency market) therefore depreciating the pound sterling (but this wouldn't happen because the pound is fixed in its value).
UK will be affected by the changes in these sectors that happen in the Chinese economy. For example, if China gradually phases out its primary sector where farmers would get fresh produce off to the UK, then UK may need to find another trading parter. China may slowly phase out its focus on the primary sector because it is the sector that results in the lowest revenues as compared to capital goods or services.
You could be more specific in the question in btw :)
How might I import a Nano car from India?
Baby_Astro
This website has info on the car, $2,500 and 50 miles per gallon: http://www.npr.org/templates/story/story.php?storyId=17984516
Answer
Different countries have different laws.
In Canada you can import, insure, and drive any car from any country (regardless of it passing the Canadian stipulations for it's class and year) that is I believe ten or fifteen years old.
However that varies with each Country.
I would contact your automobile insurance office, your local government transport office, and your local customs office (to see the costs involved).
As this car does not appear to be available in the country in which you live I would imagine you would have a great deal of difficulty importing and insuring it for use on your public streets.
If you are able to import it, you might be restricted to private property use. However, as it's less costly then many golf carts it might still be worth it.
Just for fun, visit the Tata Nano mini site, you can virtually customize a Nano. This will allow you to see all of the interior and exterior colors and options to see what is available and what you would like the best on your possible new car.
Best of luck, I love seeing imported cars in countries where they were never available.
P.S. Talk to a lawyer as a last case scenario, there's always the "Grey market" option that might be available. Your lawyer should know what I'm talking about.
Different countries have different laws.
In Canada you can import, insure, and drive any car from any country (regardless of it passing the Canadian stipulations for it's class and year) that is I believe ten or fifteen years old.
However that varies with each Country.
I would contact your automobile insurance office, your local government transport office, and your local customs office (to see the costs involved).
As this car does not appear to be available in the country in which you live I would imagine you would have a great deal of difficulty importing and insuring it for use on your public streets.
If you are able to import it, you might be restricted to private property use. However, as it's less costly then many golf carts it might still be worth it.
Just for fun, visit the Tata Nano mini site, you can virtually customize a Nano. This will allow you to see all of the interior and exterior colors and options to see what is available and what you would like the best on your possible new car.
Best of luck, I love seeing imported cars in countries where they were never available.
P.S. Talk to a lawyer as a last case scenario, there's always the "Grey market" option that might be available. Your lawyer should know what I'm talking about.
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