合了1 三aP【N ,!!!"!!!"!u!!!!! n画mman Chapter 12 Domestic Economy November 2005 Xiao Huiyun
Chapter 12 Domestic Economy November 2005 Xiao Huiyun
A1 ntroduction s Britains mixed economy'-an economy in which there is some public ownership as well as privately owned business o During the 20th cent. the government has become involved in the economy through introduction of social welfare policies and laws to regulate industrial relations < In 1945 to ensure full employment, labour govern began to nationalise key industries such as coal, steel and transport
A1 Introduction ⧫Britain’s ‘mixed economy’ – an economy in which there is some public ownership as well as privately owned business ⧫During the 20th cent. the government has become involved in the economy through introduction of social welfare policies and laws to regulate industrial relations ⧫In 1945 to ensure full employment, labour govern. began to nationalise key industries such as coal, steel and transport
A1 ntroduction cont Changing of winds By the end of the In politics if you want 1970s Margaret anything said, ask a Thatcher had started man. If you want to sell back those anything done, ask a industries to the woman" Margaret private sector, to beat Thatcher inflation which was her primary objective
A 1 Introduction cont changing of winds ⧫By the end of the 1970’s Margaret Thatcher had started to sell back those industries to the private sector, to beat inflation, which was her primary objective. ⧫“ In politics if you want anything said, ask a man. If you want anything done, ask a woman” Margaret Thatcher
A2 Natural Resources 8 nfrastructures Highly developed efficient main road and rail network and airports- excellent infrastructure pp 203-204 ◆ Natural resources t Principal resources at present --oil and gas in the North Sea. on the coast of scotland t Large amount of coal, but has been kept for future use .Manufacturing still playing important role Services, industries such as chemicals, electronics, etc all doing well, important parts of British economy
A 2 Natural Resources & Infrastructures ⧫Highly developed & efficient main road and rail network and airports-- excellent infrastructure pp 203-204 ⧫Natural resources ⧫Principal resources at present -- oil and gas in the North Sea, on the coast of Scotland ⧫Large amount of coal, but has been kept for future use ⧫Manufacturing still playing important role ⧫Services, industries such as chemicals, electronics, etc all doing well, important parts of British economy
AB Finance Importance of institutions of BANKING City of London cannot be Origin of cross-border bank lending over-emphasised share, March 2002 t known as the worlds leading international financial centre Hong Kong e Over 550 international banks and 170 global securities houses have offices in London
A 3 Finance ⧫ Importance of institutions of City of London cannot be over-emphasised ⧫ known as the world’s leading international financial centre ⧫ Over 550 international banks and 170 global securities houses have offices in London ⧫BANKING
AB Finance ◆ FOREIGN EXCHANGE ◆ The London foreign April 200 exchange market is the largest in the world, with daily turnover of $504bn in April 2001, accounting for 31% of global turnover, more than New York and Tokyo combined
A 3 Finance ⧫ FOREIGN EXCHANGE ⧫ The London foreign exchange market is the largest in the world, with daily turnover of $504bn in April 2001, accounting for 31% of global turnover, more than New York and Tokyo combined
AB Finance London is the world's largest fund. FUND MANAGEMRNT management centre, with $2, 460bn of institutional equity holdings in 1999. Assets managed The top international target cities, 1999 Sbn, ranking by institutional eq uity holdings in the UK on behalf of domestic and overseas clients totaled over wormed f2, 800bn in 2000. London is the leader in the management of Boston overseas clients non-domestic San francisco portfolios
A 3 Finance ⧫ London is the world's largest fund management centre, with $2,460bn of institutional equity holdings in 1999. Assets managed in the UK on behalf of domestic and overseas clients totaled over £2,800bn in 2000. London is the leader in the management of overseas clients non-domestic portfolios. ⧫ FUND MANAGEMRNT
AB Finance The number of foreign companies listed A SECURITIES DEALING on the London Stock Exchange is second only to New York. In the first t eight months of 2002, turnover in these companies Foreign equities turnover booked in London accounted for 56% of all trading in foreign companies around 9 share, January-August 2002 the world. Turnover in euro-area stocks accounted for nearly two thirds of all foreign equity trades booked in London London is the major centre for the international bond market, London-based book runners accounted for about 60% of international bonds issued, with 70% of trading in the secondary market, including euro-denominated issues, also based in London
A 3 Finance ⧫ SECURITIES DEALING ⧫ The number of foreign companies listed on the London Stock Exchange is second only to New York. In the first eight months of 2002, turnover in these companies booked in London accounted for 56% of all trading in foreign companies around the world. Turnover in euro-area stocks accounted for nearly two thirds of all foreign equity trades booked in London. London is the major centre for the international bond market. London-based book runners accounted for about 60% of international bonds issued, with 70% of trading in the secondary market, including euro-denominated issues, also based in London
AB Finance The financial institutions o Banks .Building society iNsurance companies Stock exchange
A 3 Finance ⧫The financial institutions ⧫Banks ⧫Building society ⧫Insurance companies ⧫Stock exchange
A4 The - Mixed Economy Private Enterprise - enterprises other than those nationalised/publicones .Different forms of business organisation- Single Proprietorships, Partnerships, Co-operatives, Joint-stock companies pp 205-206 .Limited Liability means that an investor's liability to debt is limited to the extent of their shareholding. That is to say that if a person owns 100 f1 shares in a company, in the event of its going bankrupt, then the most he can lose is the t100 originally invested
A 4 The “Mixed Economy “ ⧫Private Enterprise -- enterprises other than those nationalised/public ones. ⧫Different forms of business organisation – Single Proprietorships, Partnerships, Co-operatives, Joint-stock companies pp 205 – 206 ⧫Limited Liability means that an investor’s liability to debt is limited to the extent of their shareholding. That is to say that if a person owns 100 £1 shares in a company, in the event of its going bankrupt, then the most he can lose is the £100 originally invested
