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  1. 1. “COLLECTION OF ARTICLES” THEME: “GLOBALIZATION” KADIN: THE GOVERNMENT SHOULD TAKE EMERGENCY MEASURE. (GLOBAL ECONOMIC RECESSION HURTS INDONESIAN ECONOMY)(GOVERNMENT ACTIVITY) (INTERNATIONAL PAGES)(BRIEF ARTICLE) Indonesian Commercial Newsletter, October, 2001 KADIN: THE GOVERNMENT SHOULD TAKE EMERGENCY MEASURE. The Indonesian chamber of commerce and industry (Kadin) has urged the government to take emergency steps to forestall the impact of the global economic recession on the country's ailing economy. The world's economy is jolted under the impact of the terrorist attacks on the U.S.World Trade Center and the Pentagon and the retaliation launched by the United States against Afghanistan. The impact is worse on Indonesia's reeling economy. The government, therefore, should immediately take emergency measure to reduce the impact, otherwise many companies would be out of business and more workers will lose their jobs WHAT IS THE IMPACT OF THE GLOBAL ECONOMIC DECLINE ON THE WORLD'S FASTEST GROWING ECONOMY? Coatings World, June, 2009 by Dan Watson The world is very familiar with the unprecedented economic growth enjoyed by China over the past few years. However, China, similar to other countries, has seen its financial engine slow owing mostly to the global economic decline. For instance, China's economy grew at 6.1% in the first quarter of 2009, which
  2. 2. is the slowest rate of growth in nearly a decade, down from the 6.8% realized last quarter and from the 10.6% level year-on-year. Gross domestic product (GDP) reached 6.6 trillion Yuan (approximately US$939 billion) during the first quarter. Meanwhile, overall industrial output grew 5.1 percent for the quarter and gave encouraging signs of continued improvement. Recent China Government supplied data indicated that industrial output grew 8.3 percent in March 2009, supporting the premise that the Chinese market is rebounding somewhat. However, continued increases in unemployment throughout China may erode both the output for the second quarter and the enthusiasm for a rebound in the economy garnered during the first quarter. At the end of 2008 China announced that it would be initiating an economic stimulus package valued at more than US$580 billion. A good portion of this package was earmarked to expand China's infrastructure (i.e., roads, airports, train lines, electric power, etc.). Shanghai airport has already announced plans for serious upgrades and in Beijing, where highways already exceed 20,000 kilometers, there are plans to construct another 5,000 kilometers over the next two to three years. Tianjin plans to build at least nine additional subways. China has also indicated that investments in Zinging power grid will double that of last year. China will also use part of the stimulus package to increase subsidy for auto, home and appliance replacements. With the fall off in exports, China is hoping to increase domestic sales. FACULTY IN KPMG-AAA SURVEY SEE U.S. ECONOMY, STUDENTS IMPACTED WITHOUT ADOPTION OF GLOBAL ACCOUNTING STANDARDS PR Newswire, Sept 22, 2009 Half of professors say U.S. regulators show low sense of urgency about adopting global standards Cite magnitude of changes to curricula as most significant challenge NEW YORK, Sept. 22 /PRNewswire/ -- Accounting faculty at universities throughout the United States believe their students and the U.S. economy will be at a disadvantage if U.S. regulators do not adopt a set of globally accepted accounting standards and if universities do not take immediate steps to incorporate International Financial Reporting Standards (IFRS) into U.S. accounting curricula. This is according
  3. 3. to a survey conducted by the American Accounting Association (AAA) and KPMG LLP, the audit, tax and advisory firm. The second annual KPMG-AAA Faculty Survey, conducted during July and August 2009, showed that nearly half of the 500 professors who responded believe the United States should transition to IFRS to remain competitive, and three-quarters think IFRS needs to be immediately incorporated into their school's curricula. Half of the professors responding to the survey said they thought a low sense of urgency exists among U.S. regulators to adopt IFRS by a "date certain," while only 16 percent thought regulators had a high sense of urgency. Seventy-four percent of respondents said that U.S. adoption of IFRS will occur through convergence of U.S. GAAP (Generally Accepted Accounting Principles) with IFRS by 2015 or later. Meanwhile, 17 percent think U.S. public companies will be required to adopt IFRS outright by 2015 or earlier. Nine percent think IFRS will not be adopted by U.S. companies. GLOBAL WARMING: UNEXPECTED IMPACTS ON MONTANA'S ECONOMY Montana Business Quarterly, Summer, 2007 by Shannon Furness Montana's summers will be longer and winters shorter. Fishing season will start earlier. We won't have to shovel driveways or snowplow the roads as often. Early spring blizzards that kill off livestock will happen only once in awhile. In 30 years, when temperatures have risen 2 degrees due to climate changes, Montana will probably be better off than its southern neighbors. In fact, our state may see increased migration trends as people come to Montana to cool off. That's an interesting spin on global warming," says Steve Running, a University of Montana climate scientist who is one of a handful of American scientists and the only Montanan asked to author the climate change section of the report on Intergovernmental Panel on Climate Change. Published in February, the report examines climate change in North America."Montana tends to be kind of a cold place, and it's getting nicer by most people's standards," Running says.
  4. 4. While the idea of warmer weather might be appealing to some, things like drought, after shortages, and increasing wildfires during the summer months are not so desirable. PREMIERE GLOBAL SERVICES PROVIDES REVISED 2009 FINANCIAL OUTLOOK DUE TO CONTINUING IMPACT OF GLOBAL ECONOMY AND HIGHER UNEMPLOYMENT Business Wire, Sept 15, 2009 ATLANTA -- Premiere Global Services, Inc. (NYSE: PGI), a global provider of on-demand, applied communication technologies, today provided a revised financial outlook for the year. As a result of the effects of continuing weak economic conditions, higher unemployment and lower overall business activity in the conferencing services industry, the Company’s revenues and profits will be below previous expectations. Based on current business trends and foreign currency exchange rates, the Company projects full year revenues will be in the range of $595 million to $605 million and non-GAAP diluted EPS* will be in the range of $0.84 to $0.90 in 2009, including the negative impact of changes in foreign currency exchange rates. While we continue to win major, new enterprise accounts, growth from our existing customer base continues to be affected by the current economic climate,” said Boland T. Jones, Founder, Chairman and CEO of Premiere Global Services, Inc. “We believe this trend, which is most apparent with our small- and mid-size customers, is a direct result of lower overall business activity and continued high levels of unemployment. Given the uncertainty of this economic environment, we are pleased that current trends associated with our new customer acquisitions, customer attrition and pricing all remain within recent historical levels. "We believe that the long- term drivers of growth and expansion of the global conferencing industry remain positive, and we are taking steps to aggressively pursue a lower and more efficient cost structure in our Company. Although we are not yet seeing the impact of these cost initiatives in our results, we believe we are continuing to build significant scale and earnings power in our business. At the same time, we continue to make investments in new, innovative and exciting products and go-to-market strategies that we believe prepare us for future growth.”
  5. 5. UNDERSTAND THE IMPACT OF A GLOBAL ECONOMY ON SUPPLY CHAIN MANAGEMENT Business Wire, Feb 28, 2007 DUBLIN,Ireland--ResearchandMarkets ( has announced the addition of the new Frost & Sullivan Report "World Supply Chain Management - Investment Analysis and Growth Opportunities" to their offering. The Impact of a Global Economy on Supply Chain Management A key trend affecting the World Supply Chain Management industry is the transition from local economies to a large-scale global one. For enterprises, the effective management of supply chains across the globe becomes very critical, especially as the complexity of supply chains increases. Supply chain visibility is gaining ground nowadays and, as a result, the supply chain coordination segment is expected to witness steady growth in the near future. Additionally, this segment is expected to bring in more investments from the venture capital community. Key Market Trends The following are the three key trends addressed in this study: * Highly fragmented market shows signs of consolidation * ERP players gaining advantage at the cost of pure-play supply chain management software players as they offer whole product suites that have wide coverage and minimal integration issues * Integration and customization are the key aspects the end customers look for Benefits of this Service * Comprehensive industry mapping of public and private companies * Growth opportunities for public and private companies * Comprehensive financial benchmarking * Fundamental industry data and tracking
  6. 6. * Proprietary industry research on select markets * Valuation and financial metrics * Global coverage * Confidential analyst briefings on research findings * Unlimited analyst access * Quarterly and ad-hoc research services * Workshops, seminars and briefings to supplement the value of the written work * Ability to provide input on the topics addressed and researched as part of the service Market Sectors Frost & Sullivan expert analysts thoroughly examine the following sectors in this research: * Planning * Execution * Coordination What's Included * World Supply Chain Management market segment revenues * Industry economics, value chain analysis by segments * Investment themes * Growth Monitor for over 50 companies * Company & Sector Scorecards * Valuations based on sales, profitability, and financial analysis * Historical mergers & acquisitions for 5 years * Private equity & venture capital activity * Frost & Sullivan Supply Chain Stock Index Market Overview
  7. 7. This Frost & Sullivan research service, entitled World Supply Chain Management Market, provides an overview of the growth and investment opportunities in the supply chain space, highlighting the financial benchmarking analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following applications: planning, execution, and coordination. Formoreinformation, visit U.S. ECONOMY IMPACTS GLOBAL MARKETS; DOLLAR FALLS; RETAIL SALES DOWN. (PAGE ONE) Washington Times, the, March, 2008 Byline: Patrice Hill, THE WASHINGTON TIMES Global markets gyrated wildly yesterday on signs that the U.S. economy and mortgage markets continue to unravel despite strenuous efforts to revive them. The dollar hit new lows, falling below 100 yen for the first time in 12 years, sending oil and gasoline prices to record highs and driving gold prices above $1,000 an ounce for the first time. Credit market turmoil resumed amid a massive liquidation of mortgage assets by the Carlyle Capital Corp. and other hedge funds that made losing bets on prime mortgages. Investors in the U.S. and abroad were stunned by news of another big drop of 0.6 percent in retail sales last month as overstretched consumers, fearful of recession and weighed down by the... Read the rest of this article with a Free Trial at High Beam Research. PIRACY IS 'KILLING' GHANA MUSIC INDUSTRY: THE GHANAIAN ECONOMY IS NOT TOTALLY IMMUNE TO THE EFFECTS OF THE GLOBAL ECONOMIC DOWNTURN ALTHOUGH
  8. 8. ITS IMPACT HAS BEEN RELATIVELY LIMITED, REPORTS STEPHEN GYASI JNR FROM ACCRA African Business, June, 2009 by Stephen Gyasi, Jr Once one Of Africa's leading lights, the Ghanaian music industry, has been heading south for the last few years. It urgently needs its stakeholders and the new government to put into places the appropriate structures and policies to arrest a downward spiral. In spite of the seemingly upbeat, celebratory mood that surrounded the glitzy 10th Ghana Music Awards in April, the domestic music market is beset by problemsRampant piracy; poor sales of genuine recordings and a collapsed copyright payment administration are the most pressing issues. Many of the mushrooming private radio stations, such as mobile phone operators selling ring tones and nightclub discos, have not been paying their dues for their use of music. This is a surprising turn of affairs as Ghana used to have an excellent reputation with regard to its copyright regime, especially compared to many other African countries. "The Ghana music industry is marking time," concedes Diana Hopeson, president of the Ghanaian musicians' union Musiga. "The legal instrument that will give teeth to the Copyright Act 690 is still not invoked." DO WOMEN ENTREPRENEURS IMPACT THE GLOBAL ECONOMY? BABSON COLLEGE FORUM EXPLORES ANSWERS IN CURRENT GLOBAL ENTREPRENEURSHIP MONITOR RESEARCH; MARCH 7. Ascribe Business & Economics News Service, February, 2006 Byline: Babson College WELLESLEY, Mass., Feb. 28 (Ascribe Newswire) -- How do women entrepreneurs measure up to their male counterparts in terms of impact on the global economy? Are certain countries friendlier to women in business? What motivates women and what exactly is their confidence quotient in starting and growing a new venture?
  9. 9. Find out on March 7 at a special forum that will look closely at the role of women in global entrepreneurship, including the release of findings of the Global Entrepreneurship Monitor (GEM) 2005 Report on Women and Entrepreneurship. The GEM report is the largest annual measure of entrepreneurial activity worldwide, compiled by more than 150 scholars from 35 countries. THE GLOBAL ECONOMIC CRISIS AND IMPACT ON THE AUSTRALIAN UTILITIES CONSUMER. M2 Press wire, September, 2009 M2 PRESSWIRE-17 September 2009-Research and Markets: The Global Economic Crisis and Impact on the Australian Utilities Consumer(C)1994-2009 M2 COMMUNICATIONS RDATE:17092009 Dublin-ResearchandMarkets ( al_economi) has announced the addition of the "The Global Economic Crisis and Impact on the Australian Utilities Consumer" report to their offering. This brief examines consumer’s reactions to the recession, in particular how Australians are re-evaluating their spending patterns and becoming more value-conscious. In the utility market, we examine the extent to which consumers have struggled to pay their utility bills, have looked to reduce energy spend, or considered switching... Read the rest of this article with a Free Trial at High Beam Research. “It has been saId that arguIng agaInst globalIzatIon Is lIke arguIng agaInst the laws of gravIty”. “KOFI ANNAN”
  11. 11.  Hasan Asghar Sipra 037  Maaz Javed Sheikh 052  Kashif Rashid 048  Qazi Yasir Irshad 055  Jazib Sarwar 046