It is important to note that what we are seeing in the global economy is not a private-sector lead bounce back, but a modest uplift in output courtesy of unprecedented fiscal and monetary measures by central banks and governments. While demand remains so weak, such support will continue to be necessary.
On bankers' payment and regulation, the robust attitude of most European nations, however, makes more sense than our own Government's more timid stance. While the investment banking arms of several banks are turning a profit, this is in large part because extraordinary help from the authorities has driven down the cost of their capital. This assistance is necessary for the good of the wider economy, but there is no justification for investment banks paying vast bonuses to their staff while they receive this special help, especially while non-financial sectors of the economy are still suffering.

Moreover, France and Germany are right that there needs to be a elementary shift away from the reckless model of lightly-regulated high finance, which did so much to generate the crisis. And, since flows of capital and bank employees are global, there needs to be global co-ordination to deliver this.

But the most critical message finance ministers need to heed today – and world leaders later this month – is of the dangers of complacency. There are some welcome signs that the pace of economic decline is slowing, even of a bottoming out to the global downturn. But this recovery, such as it is, is fragile. We are by no means out of the woods yet. The policy response of all G20 nations needs to reflect that sobering reality.

It is a borne fact that talking about worldwide business marketing is fiscally precarious especially that you are like diving into the realm of uncertainty where there are diverse cultures that have to be coped up with.

Talk to your clients

It really makes a whole lot of divergence when you personally converse with your clients. It is there that you can launch stronger ties where you can also discover what those you need to improve are. Ideally, it is performed by treating them somewhere as long as it would not be inside your office because tendency is, it can restrict them to open up and on your end, and you would not be able to achieve your goal. Simply get in touch with about 5 to 10 people by sending them a letter. When you get a favorable response, make an appointment and ask value- based questions such as the challenges they are facing and solutions for recovery.

Creative marketing campaigns

International business marketing will persistently require you to strive for innovation, this is because novelty attracts. It does not have to be a high- cost production commercial just to capture potential individuals. Think out of the box as others will say it. It does not matter what your other competitors will critique as long as you will reap the objectives of your action. The secret behind is that you understand perfectly what you are aiming for and not just for the sake of doing it. When those are done, it is high- time to get publicity.

Leverage existing relationships

Make a listing of all those that you know. Prioritize them into either A, B or C- A is for the advocates, B is for the budding supporters and C is for those you can hardly get in touch with. Send them an e-mail of everything that you have prepared so that when you will call them, you just have to ask them for numbers of those that they are acquainted with. This is one of the mediums for international business marketing that is cost- effective and high- impact.

According to its critics, the "Buy American" condition of President Obama's economic recovery package will set off a vicious cycle of 1930s-style retaliatory protectionist measures that will only push us and the rest of the world deeper into recession. Concern about a return to a version of "beggar thy neighbor" retaliatory trade policies, however, completely misses the real problem facing the global economy today.

The "Buy Keynesian" clause would let the President thread the political spine. He gets to keep the "Buy American" provision that many taxpayers (and Senators) are demanding. And, when foreign leaders accuse him of protectionism, he can rightly respond that their goods have been excluded not because they are foreign, but because their countries aren't pulling their weight in the international recovery.

More importantly, a Keynesian clause would increase the efficiency of both the U.S. and foreign stimulus packages by encouraging a virtuous circle of fiscal stimulus. Access to the U.S. stimulus expenditures increases the incentives for the rest of the world to carry out stimulus of their own. The larger the scale of these international efforts, the more effective each national stimulus plan will be.

As the world's largest economy -- with a gluttonous appetite for imports -- the United States is uniquely placed to lead the world out of a recession. Replacing "Buy American" with "Buy Keynesian" could actually go a long way toward filling the biggest hole in the current global response to the deepening recession: the lack of coordinated international fiscal policy.

Countries in the United States are the world's largest trading zones on our doorstep, there's little wonder that more and more companies are turning to export as a means of boosting their business.
Exporting however, isn't a footstep to be taken lightly and kick-starting an export initiative can be costly. The good news is that with thorough planning and the right finance partner, the rewards can be impressive.

A fundamental challenge exporters facing is cash flow. Demands on funds are huge and it's easy to find them spread more thinly than is comfortable: there's the investment required to seek out potential markets and the need to offer attractive terms of credit in order to win new contracts and customers.

Today the export procedure is quicker and Letters of Credit are largely outdated. Goods are being shipped faster and documentation often lags behind. Thus, customers are becoming less interested in doing business with suppliers that insist on using Letters of Credit because they have to commit funding to support purchases up front and deal with an excess of paperwork. To be competitive it's essential to be prepared to base your export initiative on 'open account' terms - issuing an invoice on the dispatch of goods or services and giving the customer somewhere between 30 and 90 days to pay.

But all is not lost. The key is to find the right funding partner and funding mechanism to help alleviate the risks associated with exporting and stabilize the cash flow required to fund it.

The topic of off shoring generates extreme differences of opinion among policy makers, business executives, and thought leaders. Some have argued that nearly all service jobs will eventually move from developed economies to low-wage ones. Others say that rising wages in cities such as Bangalore and Prague indicate that the supply of offshore talent is already running thin.

To a large extent, these disagreements reflect the confusion surrounding the newly integrating and still inefficient global labor market. Much as technology change is making it possible to integrate global capital markets into a single market for savings and investment, so digital communications are giving rise to what is, in effect, a single global market for those jobs that can now, thanks to IT, be performed remotely from customers and colleagues.

The newly integrating nature of this global labor market has strategic and tactical implications for companies and countries alike. Information and insight about it are sparse, however, and executives and policy makers have little of either for making the decisions they face. To provide help for governments and companies in both high- and low-wage economies, the McKinsey Global Institute (MGI) analyzed the potential availability of offshore talent in 28 low-wages.

Nov 11, 2009

Global Economic Crisis

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008 and into 2009. Around the world stock markets have fallen, large financial institutions have distorted or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.

On the other hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.

A fall in last week's claims for unemployment insurance in the US has led to a share market bounce around Asia which has also pushed the Australian market higher.

Economists are predicting that a further 175,000 Americans were put out of work in October, but this would actually be the best result in more than a year.

If the figures come in on, or better than, expectations then expect the US markets to go up, probably driving a rise in Australia on Monday, but if the figures disappoint it will probably put today's rally into reverse.

Major movers:
  • The major banks are having a strong session on the renewed optimism, with Westpac's 2.6 per cent bounce the best of the big four, and ANZ's 1.5 per cent rise the most modest.
  • The mining sector had a generally strong day, no doubt helped by the Reserve Bank's bullish outlook for resources. Rio Tinto closed up 3.9 per cent, while bigger rival BHP Billiton had a more moderate 2.6 per cent gain.
  • That was dwarfed by WA iron ore company Murchison Metals, which surged 14.1 per cent to $1.58.
World Markets:

The region's other major markets were generally slightly less enthusiastic than Australia, although Hong Kong's Hang Seng index was close.
  • In Tokyo, the Nikkei finished 0.7 per cent higher at 9,785.
  • Hong Kong's Hang Seng was 1.7 per cent up by 4:45pm (AEDT).
  • The Shanghai composite index climbed 21 points to 3,176.
  • Singapore's main Straights Times share index was 1.2 per cent higher.
West Texas crude oil firmed slightly on the global economic optimism, reaching $US80.09 a barrel by 4:45pm, while Tapis (which more directly affects Australian petrol pump prices) also strengthened to $US82.25.
Gold remained strong at $US1,091.68 an ounce.
The Australian dollar also gained ground, as it has been doing on most recent bursts of renewed economic confidence. At 4:45pm it was worth:
  • 91.36 US cents
  • 82.85 Japanese yen
  • 61.42 euro cents
  • 54.98 British pence
  • 1.2647 New Zealand dollars

As nearly everyone is attentive, there are sobering economic statistics facing our country at the present time. According to the U.S. Bureau of Labor Statistics, the current unemployment rate in the United States is 9.6 percent (August 2009), and the unemployment rate for Native Americans is generally believed to be at least two times the national rate (according to the Harvard Project on American Indian Economic Development). Some sources estimate the figure of Native American unemployment to be as high as eighty or ninety percent in some states.

Thus, in the current untrustworthy state of the American national economy, it is our opportunity as Native Americans to embrace these statistics as an impetus for change. In light of the fact that a lack of capital is often cited as an obstacle in the formation of Native American businesses, the creation of small businesses can be an effective answer.

Small business growth is vital to the reinstatement of our economy, through the creation of local jobs and the stimulation of local economy. And if we consider that within the demographic of the Native American and Alaska Natives we have over two million opportunities for new small businesses, we have the prospect of truly influencing the American economy in an extremely positive way.

"Small and minority-owned businesses must play a momentous role in our efforts to restore economic growth. Small businesses employ half of the nation's private sector workforce; create a large share of the Nation's new jobs; and introduce many groundbreaking ideas into the marketplace," said President Barack Obama in October 2009.

Let us hold tightly to our heritage while we boldly reach for the future, with our inventiveness, innovation, and inspiration to guide us. With peace and perseverance, we as a nation will triumph over these trials, just as we have in the past.

Newer Posts Older Posts Home