The document discusses the Cayman Islands' economy and the potential for developing special economic zones (SEZs) to diversify the economy. It notes that the financial services industry currently dominates the economy, accounting for 55-65% of GDP. To diversify, the document suggests considering new industries like IT, healthcare, and professional services. It outlines best practices for SEZ frameworks, including streamlined approvals processes and foreign exchange access. Developing the existing financial services sector as an SEZ or establishing new SEZs could help attract new businesses and drive economic growth through jobs, entrepreneurship, and tourism.
Presentation at Columbia University School of International Affairs, April 22, 2013. Full details of the event here https://www.facebook.com/events/249889465155114/
ECR Europe Forum '05. Category Management in a limited data environment. Case...ECR Community
Category Management in a limited data environment:
Category Management has been one of the most successful ECR tools over the past decade. At its core is what can be labour-intensive collation of accurate consumer information from many different data sources. But what if some data is missing? Learn how to maximize the benefits of Category Management in a limited data environment.
Presentation at Columbia University School of International Affairs, April 22, 2013. Full details of the event here https://www.facebook.com/events/249889465155114/
ECR Europe Forum '05. Category Management in a limited data environment. Case...ECR Community
Category Management in a limited data environment:
Category Management has been one of the most successful ECR tools over the past decade. At its core is what can be labour-intensive collation of accurate consumer information from many different data sources. But what if some data is missing? Learn how to maximize the benefits of Category Management in a limited data environment.
This is a small introduction to ASEAN with some interesting economic indicators about ASEAN countries. I gave this class to a group of adult English learners in Thailand hoping the content would make the class interesting. I hope it wasn't too complicated for them.
On December 8 and 9, a Dairy Expert Roundtable Meeting on “Competitive Dairy Value Chains in Southeast Asia” was held in Muak Lek, Thailand. In this regional meeting, participants from six countries in Southeast Asia discussed how the relatively small dairy value chains could be more competitive and sustainable.
Boyar Miller Commercial Real Estate Breakfast Forum 12 4 09Bob Lowery
This document is provided by BoyarMiller - Attorneys at Law. The information within is dedicated to commercial real estate property owners, investors, businesses, and brokers focused on real estate trends and graphs for 2010.
This is a small introduction to ASEAN with some interesting economic indicators about ASEAN countries. I gave this class to a group of adult English learners in Thailand hoping the content would make the class interesting. I hope it wasn't too complicated for them.
On December 8 and 9, a Dairy Expert Roundtable Meeting on “Competitive Dairy Value Chains in Southeast Asia” was held in Muak Lek, Thailand. In this regional meeting, participants from six countries in Southeast Asia discussed how the relatively small dairy value chains could be more competitive and sustainable.
Boyar Miller Commercial Real Estate Breakfast Forum 12 4 09Bob Lowery
This document is provided by BoyarMiller - Attorneys at Law. The information within is dedicated to commercial real estate property owners, investors, businesses, and brokers focused on real estate trends and graphs for 2010.
Digiday Brand Conference: Matching Brands and Startups: PictoriousDigiday
New tech companies have finally realized that there is limited capital to go around for all these ventures. But if they partner with their customers -- the brands -- from the outset, it’s much easier to adapt to their prospective clients’ needs. Now some agencies are playing matchmaker to the startups and brands in order to keep the newcomers afloat. Is this trend here to stay?
Moderator: David Berkowitz, vp emerging media, 360i @dberkowitz
Speakers: Albert Chung, co-founder & CEO, Pictorious @albertchung
Ruthie Wittenberg, senior director of corporate & Olympic marketing, NBC Universal @wittysend
These materials were presented to guests at our January 2013 workshop dinner on the 29th, 30th, and 31st at Grimaldi's and Carmine's in Palm Beach Gardens.
By David J. Spielman, Fatima Zaidi, and Kathleen Flaherty. Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Panel Discussion: Outlook for the Precious Metals Markets
20 May 2010
by David Wilson - Societe Generale
Bill Fisher - RX Exploration
David Hargreaves - Fair Trade Gemstones
The CEO’s Dilemma - How to drive efficient innovation in the organizationJoeBarkai
Product organizations spend considerable effort and resources on innovation. However, many companies are engages in unfocused and inefficient innovation that does not support the company\'s strategic vision. In fact, many companies seem to engage in innovation for innovation sake and can be characterized as reckless innovators. This presentation discusses the role of lean and efficient innovation and how successful companies focus innovation to help connect business strategy to execution.
1. Development of the
Cayman Economy
The Special Economic Zone Framework
Presented by Dr. Dax Basdeo, Chief Officer
Ministry of Finance (Financial Services)
2. What drives economic development?
http://www2.dsu.nodak.edu/users/fernando/office/courses/ONLINE/circular_flow/Circular_Flow.gif
3. How do jurisdictions attract business
interest?
• Availability of skilled personnel
• Regulatory environment
• Access to international financial markets
• Availability of business infrastructure
• Access to customers
• Stability of business environment
• Government responsiveness
• Corporate tax regime
• Operational cost
• Quality of life
3
5. Cayman‟s International Financial
Services Industry
• Sectors: banking, insurance, legal services,
trusts, company management, funds,
accountancy
• 55% - 65% of GDP
• CI$1.2 - $1.5 billion
• >3,200 persons employed (70% Caymanian)
• 40% of Government revenue
• 31,000 business travelers
5
6. Cayman‟s Strengths as an IFC
• People
o Diversity of workforce
• Product
o Stability
o Tax neutrality
• Responsiveness of Government
o International Standards
o Innovation facilitation
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Vulnerability to the Global Economy
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12. Opportunities for Diversification
• Global trends (Demand)
o Market needs
o Source & destination of investment flows
• The Cayman „offer‟ (Supply)
o Resources
o Infrastructure
o Competitive advantages
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13. Potential New Industries
• IT & Software
• Environmental technologies
• Healthcare
• Training & Education
• Creative industries
• Professional services
• Transportation & Logistics
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14. But how do we diversify?
• Do we have the right People?
• Do we have the right framework for the
Product?
o Bureaucracy
o Regulatory Creep
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17. Special Economic Zones
• Geographically delimited areas
• „extraterritoriality‟
• Characteristics
o Administered by a single body
o Offering incentives
o Business physically located within zone
o International business
• There are roughly 3,000 zones in 120 countries
around the world
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18. SEZ Best-Practice Framework
• Co-location within zone
• Private rather than public development
• Appropriate legal, regulatory, and institutional
framework
o Simplification of approvals
o Foreign exchange access
o No ownership restrictions
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19. Cayman Financial Services as a SEZ?
• Resident vs. Exempt companies
• Cayman Islands Monetary Authority
• Immigration practice directions
• International Standards
• „Offshore‟
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20. Is the SEZ approach the right
Framework?
• Direct Effects
o Jobs
o Entrepreneurial opportunities
o Sale of goods and services
• Indirect Effects
o Increase in the number of households
o Training & technology transfer
• Induced Effects
o Greater business travel tourism
20
22. “...when men live by trade... it is the
best product that wins, the best
performance, the man of best
judgment and highest ability...”
— Francisco d'Anconia, Atlas Shrugged
by Ayn Rand
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