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Focusing on supporting and recommending small businesses will create a much better world to live in and spread the wealth far more equitably.Read more here.
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India is part of Wal-Mart's rapid global expansion under Mike Duke, the former head of the company's international division who in February became CEO. In his previous job, he recruited native-born managers in international markets who understood local customs. Mr. Jain, for example, had worked more than 20 years here for Unilever PLC and Whirlpool Corp. Wal-Mart's 3,400 international stores generate close to one quarter of the company's revenue.Read more here.
The arrival of big-box wholesalers and retailers in India was a major political issue a couple of years ago, with widespread protests from small merchants. But as the Indian economy has slowed, the furor has eased. Shoppers became accustom to larger stores from local retailers such as Pantaloon Retail India Ltd.
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1. Spicy peanutsOriginal source: On Display, 10 Inventions That Changed the World
2. That extend-a-thing that helps me change the lightbulb way over our entryway
3. TV remote
4. Moveable type
5. Automatic soap dispenser (tie)
6. Automatic urinal flusher (tie)
7. Automatic paper towel dispenser (tie)
8. Stairs
9. Lye soap
10. Fountain drinks
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Bing,
Global By Design,
Google,
John Yunker,
Microsoft program manager
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Haier is the world’s 4th largest whitegoods manufacturer and one of China’s Top 100 IT Companies. Haier has 240 subsidiary companies and 30 design centers, plants and trade companies and more than 50,000 employees throughout the world. Haier specializes in technology research, manufacture industry, trading and financial services. Haier 2006 global revenue was RMB107.5 billion.
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Small businesses play a vital role in America's international commerce, representing about 97 percent of all exporters. Yet, with only one percent of small firms exporting their goods -- making up slightly more than a quarter of the country's exporting volume -- exporting remains dominated by large firms.The bill calls for more focus on small business issues, helping to raise the profile of small exporters and ensuring that the interests of these exporters are represented during trade negotiations.
U.S. exports of goods and services grew by 12 percent in 2008 to$1.84 trillion , while imports increased 7.4 percent to$2.52 trillion -- further evidence that more small business involvement in exporting would help reduce the country's trade deficit.
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Golson and his wife, experienced part-time and full-time expatriates, provide a fascinating road map for retirement planning outside the U.S. This book targets the 76 million baby boomers reaching age 65 in 2010 who may be intrigued by the idea of seeking another culture for retirement that offers many possibilities for new interests and friendships. The authors provide in-depth evaluation of 10 countries (plus brief information on others) emphasizing both positive and negative aspects of living there plus commentary by Americans who reside in each country. Finances are a major issue, and there are opportunities for those with modest budgets as well as larger incomes. Missing family and friends in the U.S. is the major downside to living abroad, but the benefits include a sense of adventure, lower cost of living in some instances, climate, and greater freedom. An excellent, valuable resource for library patrons who are seriously considering offshore retirement as well as those who may be dreaming about it. ~ Mary Whaley
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We also need to reaffirm our commitment to resist protectionism, especially when rising unemployment increases the pressure and temptation to put up trade barriers. Creating more barriers to global trade is a surefire way to prolong the recession.See what you think. Agree? Disagree? Weigh in to let us know your thoughts!
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The U.A.E. is the largest export market for the United States in the Middle East. ~ U.S. Census BureauMore information can be found at the US-UAE Business Council.
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Thank you for highlighting the ITA Blog but if you could please replace the old emblem (as shown at the very top) with the new one (seen here: http://trade.gov/trade-topics.asp) that has been in use since 2007, we would very much appreciate your support.
Many thanks,
Office of Public Affairs
International Trade Administration
Labels:
blog,
International Trade Administration,
ITA
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Japan,
Muji house,
Winner's in Japan's Recession
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2009,
Memorial Day
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"While the challenges we face are deep and real … and unrivaled in half a century, American companies are world leaders in technology, innovation and entrepreneurship. Exporting and importing are essential to creating jobs and growing the economy."
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The current crisis will have a significant impact on business environments. The global business landscape will be characterised by lower cross-border capital flows, tighter regulation and less risk-taking. As measured by the BER, the deterioration in the global business environment reflects worsening market opportunities, increased macroeconomic and political risk, and problems in financial systems.As an entrepreneur and global small business owner, I find taking less calculated risks hard to swallow. What about for you?
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The U.S. ranks eighth in global innovation with Singapore ranking first, he said. Small businesses are innovative job creators with 70 percent of new jobs generated annually in the U.S. coming from small businesses, Stike added.And the "punch above your weight" comes from a story Stike tells about a company he worked for at the time asked the British businessmen who were interested in buying them why they were so interested and they said, "‘Because you punch above your weight.'"
“India and China are transforming the playing field and competing on cost alone won’t cut it anymore,” he told a group of 50 business people. “A skilled, educated work force is a key element to an innovative work force.”
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In April 2009 the Economist Intelligence Unit (news release here) conducted an online survey of 328 executives from small and medium-sized businesses worldwide to understand how they are approaching business strategy during the global recession. Of the respondents to our survey, 45 percent held CEO, president or managing director titles; 66 percent of all respondents held c-level titles. About 27 percent were directors, department heads and other managers. Worldwide, 29 percent work at companies based in North America, 29 percent in Asia-Pacific, 19 percent in Western Europe, 10 percent in Eastern Europe, 9 percent in the Middle East and Africa, and 5 percent in Latin America. Forty eight percent work at firms with less than $5M in annual revenues; 31 percent have revenues between $5M and $50M; 21 percent have revenues between $50M and $50M. Respondents represented a range of industries.To receive a complimentary copy of Understanding Growth Priorities of SMBs, visit here (immediate download of briefing paper => Understanding Growth Priorities of SMBs free of charge [PDF 548 KB]).
Transparency International offers hope to victims and brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world. |
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China, the world's largest surplus country and one of the world's most export-dependent economies, faces great uncertainty about its outlook amidst the current crisis. Over forty experts offer their predictions for China's 2009 GDP growth rate.Download PDF file here: "How Much Will China Grow?"
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One of the misconceptions of trade is that the only beneficiaries of trade are large companies, and that's not true. 97% of international traders are small businesses.Read more about what went on during the international business session here.
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When the world's consumers fly in a U.S.-manufactured airplane, eat a steak from America's heartland, watch a Hollywood movie, or visit the Grand Canyon, they are helping to create and maintain good jobs for Americans.Read more here. World Trade Week runs from May 17 through May 23, 2009.
World Trade Week is an opportunity to reaffirm the benefits of trade and to emphasize America's commitment to a global marketplace that creates good jobs and lifts up American families. The United States and our trading partners stand to gain when trade is open, transparent, rules-based, and fair, showing respect for labor and environmental standards.
The United States is well-positioned to reap the benefits of trade. America is a leader in the global marketplace and ranks at the top of almost every measure of global competitiveness. Our businesses, workers, and farmers remain the most innovative, productive, and adaptable in the world. The United States is also the world's largest exporter.
Trade is a significant and increasingly important contributor to U.S. economic growth. Exports accounted for 13 percent of U.S. economic activity in 2008, and they support millions of jobs in the United States. In difficult economic times, it is even more important for American industry to take advantage of every opportunity for export-driven growth. That is why I will work to open more markets to U.S. exports, including in such important job growth industries as energy efficiency, clean energy, and health information technology.
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China, the world's fastest-growing economy, is expected to expand 6.5 percent this year, according to the International Monetary Fund. That's a slowdown from 9 percent growth last year but way ahead of the 2.8 percent contraction forecast for the United States in 2009.Find out what U.S. based Marriott, Starwood, Intercontinental Hotels and France-based Accor are doing to go after a slice of the global pie -- here.
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"It's not a completely unrealistic claim," said Thomas Roeb, a retail professor at the University of Applied Sciences in Bonn Rhein-Sieg. "Best Buy's success is largely an American success, while Metro has successfully expanded abroad."
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ShibuiMarkets is a leading Global Financial Portal built on the spirit of Shibui, that is, going beyond simple facts and figures and into understanding financial information. It offers hard-to-find fundamental financial information about companies from all over the world as well as quotes for Foreign Currencies, Emerging Market Bonds and selected international Equities.Test it out and let us know what you think. I did a search on General Electric using their Company Data Base Screener and the information seemed outdated.
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