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All of these moves serve as a great reminder that a company doesn’t have to buy a stake in or acquire 100% of a company in order to unlock synergies and gain access to know-how and market access.
Read the article, "How to Build a Global Business in the 21st Century" at The Economist (requires free trial subscription).
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On September 27th the World Trade Organization slashed its forecast for growth in trade of goods from 2.8% in 2016 to just 1.7%, implicitly predicting that for the first time in 15 years, trade would grow more slowly than GDP.With anti-globalization sentiments heavy in the air, it's hard to see where this is headed.
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Nick Hillman of the Institute for Higher Education says the [British] government has sent unclear messages about the sort of immigration it wants to restrict. An emphasis on holding down net immigration deters young Indians and Pakistanis in particular. Australia and America, which have more relaxed entry criteria for students, are becoming more favoured destinations. Colin Riordan, Cardiff University’s vice-chancellor, adds that Britain’s student-visa regime has become more onerous and fiddly overall.Is Britain losing out to other countries in the contest for talent?
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The Economist published a special report on the entrepreneurial explosion of digital startups, arguing that they are penetrating every aspect of the economy and reshaping entire industries. The author of the report, Ludwig Siegele, online business and finance editor, evaluates the significance of this “digital feeding frenzy including how startups are operated, how they are nurtured in accelerators, how they arefinanced and how they collaborate with others”.The report also looks at the global movement surfacing from the explosion of these startups.
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On January 13th volunteers from 83 countries will converge on the Estonian capital, Tallinn, to launch World Cleanup 2012, the biggest attempt so far at voluntary rubbish collection. This year’s target is to mobilize 300 million people to pick up 100 million tons of illegally dumped waste in six months, starting on March 24th.Who is the spirit behind this garbage campaign? Find out here:
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I once asked the boss of Tata Consulting Services, a gigantic Indian IT firm, how many of his top executives had worked or studied abroad. He replied: "All of them."Read the commentary: How Immigrant Entrepreneurs Turbocharge U.S. Trade
The world's most talented people are exceptionally mobile. When they move to America, they make it smarter, and that's not just because they are smart. It is also because migration creates connections.
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In the flat world of maps, sharp lines show where one country ends and another begins. The real world is more fluid. Peoples do not have borders the way that parcels of land do. They seep from place to place; they wander; they migrate.Read the entire article: Migration and business: Weaving the world together | The Economist
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Labels:
double dip recession,
The Economist,
United States
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According to China Macro Finance, a research firm in New York, the number of registered private businesses grew by more than 30% a year between 2000 and 2009 (see chart above). The gross figure (ie, before netting off firms that closed) was at least seven percentage points higher, estimates Ronald Schramm, China Macro Finance’s managing director.Read the entire article here.
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Labels:
EIU,
global liveability report,
Gulliver,
The Economist
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More American companies will have to look abroad. They are the least likely to export out of 15 big economies, according to the National Association of Manufacturers, a trade group. Matthew Slaughter of Dartmouth College notes that only 4% of all American firms and 15% of American manufacturers do any exporting at all. And 80% of America’s total trade is conducted by just 1% of firms that export or import. This does not mean there is something wrong with American firms.Let me take you back in time (2004), when I wrote a manifesto for ChangeThis.com -- that has been read more than 16,000 times by folks interested in international trade -- called "Global Guru: Shaking Things Up. Making Things Happen." One of my key quotes within it was:
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6. Each of us must contribute. Developed and developing countries, governments and industry, shareholders and employees -- we all share a responsibility to make meaningful contributions to protect and strengthen the international trading system.
Thomas Edison, GE's founder, used to say that people don't recognize opportunity because it "usually goes around wearing overalls looking like hard work." To succeed in our swarming global economy, leaders must not resist the challenge but relish the opportunity, especially in these harder economic times. True leaders must re-embrace globalization.
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