Global economy under crisis John Smithson, Golden Funds Ltd. 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.
Agenda Welcome and Introductions Crisis as an opportunity Global economy World Bank East Asia Economy Our Strategy Discussion: How to be More Effective Together
Crisis as an opportunity Crisis as opportunity to address long-term challenges Economic diversification through a more competitive business Environment Job creation Tackling inequality Ensuring fiscal sustainability. Double threat of declining revenues from commodity exports and SACU revenues may not last
Global economy from boom to bust United States has been in recession since December 2007 Deepest global recession since WWII. Japan’s GDP dropped an unprecedented 13.7% in Q42008 Germany’s GDP fell by 8% in Q42008. South Africa’s exports contracted 16% In January China’s exports fell 25% in Feb 2009 Brazil’s GDP contracted 3.6% in the fourth quarter
World Bank calls for aid boost 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” Empowering developing and emerging countries and economies is imperative Helping nations pursue economic development and long-term prosperity should be the goal of development finance.
Commodities market Oil - $56.45 vs. recent high of $147.96 Gold has been rather steady, around $850. Wheat fell back to $5 after visiting $18 in just less than 6 months! Alternative energy resource such as corn has lost its value
East Asian Economies Underlying regional political seem to strengthen the East Asian economies in the next phase of global economic recovery. The US has signed Treaty of Amity recently, paying the way for possible US’s participation at East Asia Summit (EAS). Except North Korea, all countries in the region are committed toprosperous and stable East Asia
Thailand & Vietnam 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. •Vietnam under its able and dynamic Prime Minister NguyễnTấnDũng will bring Vietnam to the next lap of strong economic growth.
Our Strategy: Two Prong Approach Support Existing Economic Development Efforts & Organizations Marketing Lead Execution Convene/Collaborate Proactively Promote NEO to Enhance Current Efforts Leverage Efforts Enhance Promotion Extend US Targets Globally
Lead Execution Support Prominent Site Selection Consultants Larger projects, set the region’s reputation High opportunity industries Bio-medical (devices), Advanced Energy Minority Owned Businesses Teaming with NOMSDC, HBA Strong emphasis on in-region referrals Emerging: Proactive International Attraction Build the “Business Case” for the customer
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