Finland as a model of a successful economy

The country's economy is characterized by the following data: nominal GDP for 2017 is $ 237 billion, which is 46 thousand dollars per capita.

GDP structure: agriculture - 3%, industry - 27%, services - 70%.

The country is highly industrialized with a high proportion of high-tech industries. The structure of the industry is very complex, despite the small number of the working population (less than 3 million people).

The mining industry, based on minerals — iron ore, non-ferrous metal ores — copper, lead, zinc, chromium, nickel, cadmium, mercury, selenium, cobalt, gold, silver, and non-metallic minerals — limestone, apatites, talc, building materials.

The leading industries are ferrous and nonferrous metallurgy, mechanical engineering (shipbuilding specializing in tankers and icebreakers of various capacities, electronic equipment, machinery for mining, ferrous and nonferrous metallurgy, forestry, food and light industry, printing, pulp and paper, woodworking and other industries).

A prominent place in the structure of the economy is chemical, textile, clothing, footwear, food industry.

Mechanical engineering manufactures machine tools, agricultural machinery, electric motors, electrical products, cable products, trucks, marine engines, elevators, escalators, tractors for the forest industry and other products.

Finland is a country that, for the first time in the world, began industrial development and mass production of mobile phones by Nokia, which was a real revolution in communication between people.

Agriculture diversified, highly mechanized.

Arable land is 2 million hectares. Crop specializes in growing crops. The grain harvest amounts to 5-6 million tons. The farms are small, an average of 19 hectares, but in recent years there has been an enlarged farm due to the introduction of more productive machinery for tillage and harvest. The country began year-round production of tomatoes.

Many farms began to grow commercially blueberries, raspberries, strawberries, mushrooms, but given the laboriousness of their collection, farmers are forced to attract labor from other underdeveloped countries (Ukraine, Thailand, and others).

An important place in crop production is potato and animal feed production. In recent years, began to grow fibrous hemp, hops and even grapes for wine production.

Despite the important role of agriculture in the economy of the country, nevertheless, forestry occupies the main place in agriculture, as a source of raw materials for the development of the woodworking and pulp and paper industries, whose products are sold on the world market.

The fishing industry also received development, since in the past five years the demand for fish products abroad has risen sharply.

Livestock, as a branch of the economy, specializes in the production of dairy products, beef, and mutton meat. Pig production is not sufficiently developed, therefore, to meet the needs of the domestic market, pork is purchased for import.

Poultry farming is developing for the production of eggs and meat, but the poultry farms are not widely spread.

On a limited scale in Lapland, they are engaged in reindeer herding and hunting for animals.

Transport is developed at a high level and includes all its types, which allows you to quickly get to anywhere in the country.

Foreign trade in 2016: exports amounted to $ 61.5 billion - various types of paper, petroleum products, rolled stainless steel, automobiles, lumber, food and light industry products, electrical engineering and other products that were bought by such major countries as Germany, Sweden, and the USA, The Netherlands and China.

Imports - $ 57.4 billion - crude oil, petroleum products, automobiles, computers, chemical, light, pharmaceutical, and other industries. The main suppliers are Germany, Sweden, Russia, China, the Netherlands.

The country's population is 5.5 million people. The level of urbanization exceeds 84%.

Life expectancy: men - 79 years, women - 83 years.

In many indices of personal development and economy, the country is among the top twenty countries out of 197 independent states of the world. There is something to learn from the Finns, not only in terms of housekeeping but also to the mind.

Factors of stability of the US economy

In recent years, changes in the world economy have occurred due to the emergence of countries whose growth rate of the gross domestic product is far ahead of global indicators, which makes its own adjustments in the balance of influence in the world on relations between countries and competition for markets. In particular, China and India with a total population of over 2.6 billion people, (the third part of all people living on the planet), increasingly affect world trade and in the future, their role will only strengthen.

This forecast is justified by the growth rate of the economy, which in China since 2016, although not as high as before (8-12% per year for the period 1995-2008), but still significantly outpaces the global rate. For the next 2-3 years, an annual growth of about 7% is projected, with the world average level of + 3%. The high rates of development of the Chinese economy will increase GDP from $ 12.7 trillion in 2017 to $ 15.5 trillion in 2020 and slightly reduce the gap from the United States, while confidently retaining the second place in the world. The Indian economy is also developing at a fast pace - more than 7.5% per year and its GDP in 2017 was $ 2.6 trillion, $ 2.85 trillion is planned for 2018, and by 2020 the gross released product can reach $ 3, 3 trillion.

However, the United States will still remain the first country in the world to produce products with total GDP. At least in the foreseeable future (until 2030). This figure for the United States now, in 2018, exceeds $ 20 trillion and is unlikely to decrease in the near term. The phenomenon of the development of the US economy is worthy of every study and, to the extent possible, the use of the countries of the former USSR.

No doubt, the USA is a rich country. More specifically, the scale of its economic and financial activities can be represented visually. On the given map, each US state is signed by the name of the country, whose annual GDP roughly corresponds to the annual GDP of this state:

The GDP of the "golden state" of California in 2015 was equal to 2.448 trillion USD. If we imagine a situation in which California would be an independent country, it would occupy the 8th place in the world GDP ranking. And if all the states of the North American federation are presented in the world table of ranks as separate countries, then three of them - California, Texas and New York - would be included in the top 15 most developed economies of the world.

By the way, in our place of Brazil in our example with a map, which has 1.796 trillion USD (2016) and a population of 200 million people, Russia could well have been - 1.283 trillion USD (2016), if she could double her indicators.

The US economy has been developing dynamically based on a reasonable economic model, which is based on the following growth factors:
  • the scientific picture of the world process of economic life (the government used the recommendations of economists, many of whom were Nobel laureates and made an invaluable contribution to the prosperity of the country);
  • improvement of labor operations, use of the development of scientific potential and experimental design based on the use of the achievements of world science, with a US population of 320 million people, the number of scientists and engineers employed in the field of science, more than 4 million people. Yes, there are more scientists in the USA than those employed in agriculture;
  • rational use of rich natural resources - minerals, forests, water, land resources, flora and fauna, the organization of reserves, parks, etc .;
  • putting into practice the achievements of scientific and technological progress - the latest technology and production technologies, work organization, robotization of labor-intensive production processes, expanding the range of new products based on high technologies, new management methods;
  • the constant renewal of the production potential of firms using the most advanced machines and equipment;
  • development of economic thinking of personnel and use of economic categories, such as cost, profit, expenses, income, productive forces and production relations, forms of organization of production, exchange, distribution, consumption, capital, investment, and others;
  • minimal regulation of the economy by the state apparatus and stability of the rules for organizing and operating a business; mobile and vigorous labor, attracting immigrants, industrial training of workers and managers to new methods of performing labor operations;
  • control over productivity and remuneration, depending on the functions and qualifications of the staff;
  • rational structure of the economy (industry - 21%, agriculture - 1%, services - 78%). The industrial complex includes almost all industries represented in the world engineering production. Agriculture provides all the needs of the country and exports a significant part (the production of grain annually amounts to 440 million tons, of which 60 million tons are exported);
  • formation of a large domestic market, sound foreign economic policy, balanced export and import in terms of cost and range;
  • creation of developed infrastructure and logistics, transport network and communications that meet the best international standards;
  • the creation of a cult of entrepreneurship (entrepreneurs can be considered only those who, risking capital, develop new types of products or activities that have no analogs);
  • use of innovations in operating business (American business accounts for 50% of innovations introduced by all countries of the world);
  • creation of a high production culture and a special lifestyle that is open to everything new and progressive in all spheres of human activity.
A unique combination of these factors can hardly be copied and used in the economies of the post-Soviet countries, although some of them are advisable to implement, if not in all enterprises, then at least in medium and large ones. No need to reinvent the wheel, it is better to use the proven experience of other countries with a certain adjustment to it, taking into account new management models and binding to the specific conditions of our business.

It is important to choose a strategic goal and consistently go to achieve it. Without understanding the objectives of business development and the search for adequate management models, it is impossible to succeed either domestically or internationally, so studying the US experience can give a certain impetus for the birth of business ideas and accelerate the growth rate of our economy.

SUNY Buffalo science classes

To request course information, please complete this form. You may receive information from just one program, or several. Before making decisions about your future, compare degree programs carefully.

Think about what career is best suited for you, and where you want to study. Request more information now.

Find information about SUNY Buffalo science classes, and registering for discussion sections. Which college degrees give you the best chances of finding employment after graduation? Completion of an accredited engineering program can qualify you to enter the workforce as a paid intern immediately. Concentrating on SUNY Buffalo science classes, for example, you may gain an advantage in job recruiting on-campus. Check with the mechanical engineering department for course registration deadlines, and scientific research program requirements. Please use the form above to request admissions info for SUNY Buffalo.

Mechanical engineering degrees typically take four to five years to complete, and result in a Bachelor of Engineering (BEng), Bachelor of Science (BSc or BS), or Bachelor of Mechanical Engineering (BME). In the US, most undergraduate mechanical engineering programs are accredited by the Accreditation Board for Engineering and Technology (ABET). Mechanical engineering programs include courses on composites, thermodynamics, engine design, fluid dynamics, control theory, robotics, and computer-aided design (CAD). In addition to the core mechanical engineering curriculum, many mechanical engineering programs offer more specialized programs and classes, such as control systems, fuel cell technology, and biomechanics.

Many mechanical engineering companies have begun to incorporate computer-aided engineering (CAE) programs into their existing processes, including 2D and 3D solid modeling computer-aided design (CAD), enabling faster and more exhaustive visualization of products. Other CAE programs commonly used by mechanical engineers include product lifecycle management (PLM), and analysis tools such as finite element analysis (FEA), computational fluid dynamics (CFD), and computer-aided manufacturing (CAM). Further, automation in the form of industrial robots allow businesses to save money on manufacturing costs, and ensure precision quality control. The median annual income of mechanical engineers in the US workforce was $80,580, highest when working for the government ($92,030), and lowest in education ($57,090). Beyond major requirements within the mechanical engineering department, you may consider Mildred Elley College aerospace engineering department ranking as an adjunct to your primary course of study.

We Simplify the Home Loan Process for You

A home is one of three basic necessities that a man has. Everyone lives in some kind of a home but aspires for the next level. The growth in real estate and the introduction of new features make people want to buy a home that meets the latest trends. But property is expensive and for most people owning a place of their own seems like a distant dream. Thankfully, home loan providers like Shri Raam Finance, help prospective buyers by financing their dream house.
The first step in buying a house is identification of property. Depending on the builder, the same kind of house will be available at different prices. Once you have identified the property, bring the basic papers to us and we will guide you towards further paperwork. We have tied up with all prominent builders in Delhi-NCR,which makes the process easier for the buyer.

The loan that you can get depends upon your capacity to pay back and your current income. You would be asked to provide bank statements, salary slips, evidence of other property etc. Once we are fully satisfied with your financial standing, the loan is sanctioned to you. It is best to take a loan from a local source. This means, if the property is in NCR, take the home Loan in Delhi NCR.
At Shri Raam Finance, we believe in doing what’s in the best benefit of our customers. Thus, our loan officers introduce you to easy repayment options. We suggest you with a repayment plan that’s best suited for your loan type, making sure you’re always at an advantage.
We offer a host of home loan plans in Delhi-NCR, making it easier for you to finance your dream home. For details on our home financing models, please refer to the table below.

How The SEC Supervises Industry Professionals

Another important part of the SEC's role is supervision of the securities markets and the conduct of securities professionals. The SEC serves as a watchdog to protect against fraud in the sale of securities, illegal sale practices, market manipulation, and other violations of investors' trust by broker-dealers, investment advisers, and other securities professionals.

In general, individuals who buy and sell securities professionally must register with the appropriate SRO, meet certain qualification requirements, and comply with rules of conduct adopted by that SRO.

The broker-dealer firms for which they work must, in turn, register with the SEC and comply with the agency's rules relating to such matters as financial condition and supervision of individual account executives.

In addition, broker-dealer firms must also comply with the rules of any exchange of which they are a member and, usually, with the rules of the NASD. The SEC can deny registration to securities firms and, in some cases, may impose sanctions against a firm and/or individuals in a firm for violation of federal securities laws (such as, manipulation of the market price of a stock, misappropriation of customer funds or securities, or other violations).

The SEC polices the securities industry by conducting inspections and working in conjunction with the securities exchanges, the NASD, and state securities commissions.

What Companies Must Disclose

Before any company offers its securities for sale to the general public (with certain exceptions), it must file with the SEC a registration statement and provide a "prospectus" to investors.

In its registration statement, the company must provide all material information on the nature of its business, the company's management, the type of security being offered and its relation to other securities the company may have on the market, and the company's financial statements as audited by independent public accountants.

A copy of a prospectus containing information about the company and the securities offered must be provided to investors upon or before their purchase. In addition, most companies must continue to update, in filings made with the SEC, this disclosure information quarterly and annually to ensure an informed trading market.

The SEC reviews registration statements and periodic reports for completeness, but the SEC does not review every detail and verification of each statement of fact would be impossible.

However, the securities laws do authorize the SEC to seek injunctive and other relief for registration statements containing materially false and misleading statements. Persons who willfully violate the securities laws may also be subject to criminal action brought by the Department of Justice leading to imprisonment or criminal fines.

The laws also provide that investors may be able to sue to recover losses in the purchase of a registered security if materially false or misleading statements were made in the prospectus or through oral solicitation. Investors must seek such recovery through the appropriate courts, since the SEC has no power to collect or award damages or to represent individuals.

The Function Of The SEC

The SEC, an independent agency of the U.S. Government, was established by Congress in 1934 to administer the federal securities laws. It is headed by five Commissioners, appointed by the President, who direct a staff of lawyers, accountants, financial analysts, and other professionals.

The staff operates from its headquarters in Washington, D.C. and from five regional offices and six district offices in major financial centers throughout the country.

The SEC's principal objectives are to ensure that the securities markets operate in a fair and orderly manner, that securities industry professionals deal fairly with their customers, and that corporations make public all material information about themselves so that investors can make informed investment decisions.

The SEC accomplishes these goals by: Mandating that companies disclose material business and financial information; Overseeing the operations of the SROs; Adopting rules with which those involved in the purchase and sale of securities must comply; and Filing lawsuits or taking other enforcement action

in cases where the law has been violated. Despite the many protections provided by federal and state securities laws and SRO rules, it is important for investors to remember that they have the ultimate responsibility for their own protection.

In particular, the SEC cannot guarantee the worth of any security. Investors must make their own judgments about the merits of an investment.