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The document discusses the global economic crisis and its impact. It notes that the crisis presents an opportunity to address long-term challenges. It then provides details on the economic downturn in various countries and regions, including the US, Japan, Germany, South Africa, China, and Brazil. It also discusses calls from the World Bank for increased financial aid to developing nations. Furthermore, it outlines strategies for economic development in East Asia and countries like Thailand and Vietnam. The document concludes by outlining a two-pronged approach for an organization to support existing economic efforts and promote new opportunities for enhanced growth.
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- 1. 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.
- 2. Patuta Mutata • Patuta mutata • Crisis as an opportunity • Global economy • World Bank • East Asia Economy • Our Strategy • Discussion: How to be More Effective Together
- 3. 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
- 4. 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
- 5. 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.
- 6. Commodities market Oil - $56.45 Gold has Wheat fell Alternative vs. recent been back to $5 energy high of rather after visiting resource $147.96 steady, ar $18 in just such as corn ound less than 6 has lost its $850. months! value
- 7. East Asia Economy Saving our customers
- 8. 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 to prosperous and stable East Asia
- 9. 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 Nguyễn Tấn Dũng will bring Vietnam to the next lap of strong economic growth.
- 10. Our Strategy: Two Prong Approach • Support Existing • Proactively Promote Economic NEO to Enhance Development Current Efforts – Leverage Efforts Efforts & – Enhance Promotion Organizations – Extend US Targets – Marketing Globally – Lead Execution – Convene/Collaborat e
- 11. 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
- 12. As hard as it is to admit, your belief could be one of the main reasons why you’re not earning your dream income.