Wednesday, October 3, 2018

Country Economic Strength Assessments Based on Indices


The following table shows eight index values for seven countries: China; Brazil; Germany; India; Russia; Turkey; and the United States:

index
china
brazil
germany
india
russia
turkey
united states
median
above median
ease of doing business world bank
65.3
56.5
79
60.76
75.5
69.14
82.5
69.14
germany russia united states
eiu democracy
3.1
6.86
8.61
7.23
3.17
4.88
7.98
6.86
germany india united states
global innovation
53.1
33.4
58.03
35.8
37.9
37.42
59.81
37.9
china germany united states
heritage economic freedom
57.8
51.4
74.2
54.5
58.2
65.4
75.7
58.2
germany turkey united states
transparency international corruption
41
37
81
40
29
40
75
40
china germany united states
world economic forum competitiveness
5
4.1
5.7
4.6
4.6
4.4
5.9
4.6
china germany united states
world justice rule of law
0.5
0.54
0.83
0.52
0.47
0.42
0.73
0.52
brazil germany united states
worldwide government world bank
50-75th
25-50th
90-100th
50-75th
50-75th
50-75th
90-100th

germany united states



The seven indices compare countries based on governance (EIU Democracy index; Heritage Economic Freedom index; World Justice Rule of Law index; and Worldwide Government index); competitiveness (Global Innovation index and World Economic Forum Competitiveness index); and business environment (World Bank Ease of Doing Business index and Transparency International Corruption index).   Values from each of these indices for the seven countries are provided along with the median value of the seven countries for each index.  The median value for each index is shown in red, those values below the median in blue, and values above the median in black.

These indices individually are intended to measure and compare such governance characteristics of a country as accountability, political stability, governmental effectiveness, regulatory quality, and the rule of law.  Two indices attempt to measure a country’s competitive strengths.  And two indices attempt to measure the ease and the risk of doing business in a country.   Political economists have long looked to such characteristics as measurements of a country’s disposition for economic success.

For each index, only two countries are always above the median: Germany and the United States.  Other countries appearing above the median are China (appears three times above the median) and Russia, India, Turkey and Brazil (each appearing once above the median).

I am assuming that the indices collectively provide a stronger indication than the individual indices of a country’s disposition for economic strength.  Therefore, appearing above the median consistently, as Germany and the United States do, is a good indication that these two countries likely have the strongest economies of the seven countries shown.  And such conclusions could be useful to chemical companies in deliberations on whether to make investments in a country.



Monday, October 1, 2018

Chemical and Metal Shortage Alert – September 2018


The purpose of this blog is to identify chemical and metal shortages reported on the Internet.  The sources of the information reported here are primarily news releases issued on the Internet.  The issue period of the news releases is September 2018.

Section I below lists those chemicals and metals that were on the previous month’s Chemical and Metal Shortage Alert list and continue to have news releases indicating they are in short supply.  Click here to read the August 2018 Chemical and Metal Shortage Alert list.

Section II lists the new chemicals and metals (not on the August alert).  Also provided is some explanation for the shortage and geographical information.  This blog attempts to list only actual shortage situations – those shortages that are being experienced during the period covered by the news releases.  Chemicals and metals identified in news releases as only being in danger of being in short supply status are not listed.

Section I.  

None

Section II.   Shortages Reported in September not found on the Previous Month’s List

o-nitrochlorobenzene: United States; supply not keeping up with demand
Studio-quality glass: United States; supply not keeping up with demand

Reasons for Section II shortages can be broadly categorized as: 

1.  Mining not keeping up with demand: none
2.  Production not keeping up with demand: none
3.  Government regulations: none
4.  Sources no longer available: none
5.  Insufficient imports:  none
6.  Supply not keeping up with demand: o-nitrochlorobenzene; supply-quality glass

Tuesday, September 25, 2018

Revenues per Chemical Worker Data


The following table shows for 34 countries the number of chemical workers, the countries’ recent revenues from chemical products, and the revenues per chemical worker:


country
chemical worker numbers
 recent chemical product revenues
 chemical revenue per chemical worker
United States
745,000
 $     447,400,000,000
 $    600,537
Netherlands
57,000
 $       33,000,000,000
 $    578,947
Austria
17,100
 $         9,500,000,000
 $    555,556
Belgium
43,900
 $       24,100,000,000
 $    548,975
Norway
13,000
 $         5,300,000,000
 $    407,692
France
142,000
 $       57,500,000,000
 $    404,930
European Union
1,200,000
 $     476,500,000,000
 $    397,083
Ireland
6,000
 $         2,200,000,000
 $    366,667
Germany
325,000
 $     115,000,000,000
 $    353,846
Italy
108,000
 $       37,300,000,000
 $    345,370
Japan
400,000
 $     131,600,000,000
 $    329,000
Finland
13,100
 $         4,200,000,000
 $    320,611
Spain
85,100
 $       27,000,000,000
 $    317,274
Switzerland
30,800
 $         9,500,000,000
 $    308,442
Sweden
21,000
 $         6,300,000,000
 $    300,000
India
250,000
 $       74,400,000,000
 $    297,600
Denmark
11,000
 $         3,200,000,000
 $    290,909
Portugal
12,000
 $         3,200,000,000
 $    266,667
Lithuania
5,000
 $         1,200,000,000
 $    240,000
United Kingdom
140,000
 $       32,300,000,000
 $    230,714
Hungary
13,100
 $         3,000,000,000
 $    229,008
Slovenia
6,500
 $         1,100,000,000
 $    169,231
Slovakia
9,000
 $         1,500,000,000
 $    166,667
Czech Republic
29,400
 $         4,700,000,000
 $    159,864
Turkey
56,800
 $         8,500,000,000
 $    149,648
Greece
13,000
 $         1,850,000,000
 $    142,308
Poland
75,400
 $         9,500,000,000
 $    125,995
Saudi Arabia
103,000
 $       12,200,000,000
 $    118,447
Croatia
6,000
 $             708,000,000
 $    118,000
Estonia
3,000
 $             280,000,000
 $      93,333
Romania
23,000
 $         1,800,000,000
 $      78,261
Brazil
800,000
 $       55,460,000,000
 $      69,325
Latvia
2,600
 $             146,000,000
 $      56,154
Bulgaria
14,000
 $             770,000,000
 $      55,000
total
4,779,800
 $ 1,602,214,000,000
 $    278,788
                                                                                 (median)


Chemical worker numbers are from country statistics websites (e.g., click here) or chemical trade associations (e.g., click here).   Chemical worker numbers are for those workers in the chemical sectors represented by the NAICS code 325 (e.g., click here).  The recent chemical product revenue amounts were found from searching the Internet and are mostly found on trade association websites such as the CEFIC site (e.g., click here).  The revenues are generally for the same chemical sectors represented by the workers.

The revenues per chemical worker amounts could be interesting and useful in benchmarking.  For example, the median of the amounts shown is $278,788 revenues per chemical worker.  Country amounts above this amount might suggest more efficient/effective chemical worker productivity than amounts below the median.