Global economy under crisis
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Global economy under crisis<br />John Smithson, Golden Funds Ltd. <br />In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.<br />
Agenda<br />Welcome and Introductions<br />Crisis as an opportunity<br />Global economy<br />World Bank<br />East Asia Economy<br />Our Strategy<br />Discussion: How to be More Effective Together<br />
Crisis as an opportunity<br />Crisis as opportunity to address long-term challenges<br />Economic diversification through a more competitive business<br />Environment<br />Job creation<br />Tackling inequality<br />Ensuring fiscal sustainability. Double threat of declining<br />revenues from commodity exports and SACU revenues may not last<br />
Global economy from boom to bust<br />United States has been in recession since December 2007 Deepest global recession since WWII.<br />Japan’s GDP dropped an unprecedented 13.7% in Q42008<br />Germany’s GDP fell by 8% in Q42008.<br />South Africa’s exports contracted 16% In January<br />China’s exports fell 25% in Feb 2009<br />Brazil’s GDP contracted 3.6% in the fourth quarter<br />
World Bank calls for aid boost<br />The World Bank President called on donors to boost financial aid to developing nations which find themselves at the mercy of a crisis that “is not of their making”<br />Empowering developing and emerging countries and economies is imperative<br />Helping nations pursue economic development and long-term prosperity should be the goal of development finance.<br />
Commodities market<br />Oil - $56.45 vs. recent high of $147.96<br />Gold has been rather steady, around $850.<br />Wheat fell back to $5 after visiting $18 in just less than 6 months!<br />Alternative energy resource such as corn has lost its value<br />
East Asia Economy<br />Saving our customers<br />
East Asian Economies<br />Underlying regional political seem to strengthen the East Asian economies in the next phase of global economic recovery. <br />The US has signed Treaty of Amity recently, paying the way for possible US’s participation at East Asia Summit (EAS).<br />Except North Korea, all countries in the region are committed toprosperous and stable East Asia<br />
Thailand & Vietnam<br />Notwithstanding of still unresolved political impasse, Thailand being at the hub of Greater Mekong sub-region, has strong economic fundamental and momentum to move forward.<br />•Vietnam under its able and dynamic Prime Minister NguyễnTấnDũng will bring Vietnam to the next lap of strong economic growth.<br />
Our Strategy: Two Prong Approach<br />Support Existing Economic Development Efforts & Organizations<br />Marketing<br />Lead Execution <br />Convene/Collaborate<br />Proactively Promote NEO to Enhance Current Efforts<br />Leverage Efforts<br />Enhance Promotion<br />Extend US Targets Globally<br />
Lead Execution Support<br />Prominent Site Selection Consultants<br />Larger projects, set the region’s reputation<br />High opportunity industries<br />Bio-medical (devices), Advanced Energy<br />Minority Owned Businesses<br />Teaming with NOMSDC, HBA<br />Strong emphasis on in-region referrals<br />Emerging: Proactive International Attraction<br />Build the “Business Case” for the customer<br />
As hard as it is to admit, your belief could be one of the main reasons why you’re not earning your dream income. <br />
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