In Depth Look

2008

China's At-Risk Factories
Time, by Bill Powell  (April 17, 2008)
Over the past several years, China’s soaring export growth rate has fueled an equally impressive growth in domestic manufacturing. As demand for cheap Chinese-made goods surged, thousands of new manufacturing firms sprouted up across the country. But many firms are now facing a myriad of problems that include rising labor and commodity costs, a strengthening currency, and a potential global recession. These issues are poised to test China’s long-term manufacturing might.

Oasis Economies
Strategy+Business  (April 10, 2008)
As oil-rich nations in the Middle East benefit from record oil prices, leaders in the region are experimenting with new ways to ensure that growth is sustained in the long term. Among the top priorities is the creation of a middle class, which will be aided by the construction of several economic cities, the first of which boasts a $30 billion price tag. The region is reinvesting profits, attracting foreign investment and building infrastructure at break-neck speeds, all while maintaining its traditional culture and business ethics. The question remains whether today’s growth can be sustained in the long term, or whether the progress seen recently is just a mirage.

Flying Trans-Atlantic is About to Get Easier With 'Open Skies'
International Herald Tribune, by Michelle Higgins  (March 25, 2008)
On March 30, a new open skies agreement goes into effect between Europe and the United States. The new agreement will essentially open trans-Atlantic flights to free competition and airfares should drop significantly. Many airlines will enter the trans-Atlantic market and create new routes from several different cities.

Mexico Plans Big Splash With New Baja Port
LA Times, by Marla Dickerson and Ronald D. White  (March 25, 2008)
A project proposed by the Mexican government would create a massive new port in the small village of Punta Colonet. The proposal calls for the port terminal operators to work in tandem with railroad companies to create a unified system that would unload cargo from ships, and efficiently place it on newly constructed rail lines bound for the United States. The plan has roused several prominent backers, though early setbacks have also caused a number of critics to speculate that construction of the nation’s largest infrastructure project will never even begin.

Sunset for the European Mobile Phone Industry?
International Herald Tribune, by Kevin J. O'Brien  (February 10, 2008)
As the cell phone industry continues to globalize, Western Europe has seen the loss of tens of thousands of jobs to outsourcing in recent years. Corporate profits have grown but analysts do not believe the outsourcing trend has benefited European consumers.

Global Sugar Trade
Globalization101.org  (February 7, 2008)
Sugar is one of the most regulated and subsidized agricultural products. Globalization101 takes looks at the current state of the industry and what the outlook is for the next couple of years. Reduction in quotas and tariffs are playing a large role in reshaping the industry, as is the increasing popularity of ethanol. Specific analysis is provided for the United States, European Union, Brazil, and Africa.

Mexico Near-Sourcing Grows More Attractive
World Trade Magazine, by Gail Dutton  (February 2, 2008)
For years, U.S. companies have been courting China and India in the hopes of cutting costs and improving efficiency. Many of these companies are now finding that a better solution may lay closer to home. Agreements such as NAFTA as well as Mexico’s own domestic efforts have resulted in significant changes to make the country more business-friendly. Massive infrastructure improvement and increased cooperation between Mexico and the U.S. on issues such as customs inspection are just a few of the reasons more companies are looking to “near-sourcing” rather than “out-sourcing”.

Moving Abroad Can Strain a Marriage
Wall Street Journal  (January 22, 2008)
The decision of whether or not to take an overseas assignment requires careful consideration of many factors. One factor that is neglected by a surprising number of individuals is the potential affect the move can have on your family. An informal survey of 200 expatriates found that about half of all respondents hadn’t even considered how their move would affect their personal situation. When considering moving abroad it is important to weigh both your personal and professional goals.

Israel is Embracing the Electric Car on a Wide Scale
International Herald Tribune, by Steven Erlanger  (January 21, 2008)
A new deal between the Israeli government and a joint-venture has the potential to change the way the world thinks about electric cars. The deal will allow for tax incentives to make the electric cars cheaper to purchase than a normal car, and requires users pay a monthly fee for mileage. It is expected that the total cost of owning and operating one of these vehicles will be significantly cheaper than a traditional gasoline powered car. If successful, the experiment could help Israel move towards energy independence and create an opportunity for the electric car to drive into the larger world market.

The Silk Road Revisited
Globalization 101  (January 20, 2008)
2,000 years ago the Silk Road served as a vital stream of commerce between Europe and Asia. At the end of 2007 the Asian Development Bank approved a loan to Uzbekistan earmarked for the improvement of a vital Central Asian highway. This and other developments in the region are the preliminary steps of creating a modern version of the Silk Road. Despite the political and logistic barriers that still exist, inflows of capital to the region are laying the groundwork for significant development and trade along the Silk Road.

Davos 2008
BusinessWeek  (January 17, 2008)
As the 2008 World Economic Forum begins, leaders from business, government, the media and academia are flocking to Davos, Switzerland. This special report from BusinessWeek coincides with the forum and focuses on the changing face of globalization. While in the past, being a “global” company meant simply having offices in multiple cities around the world, the new globalization requires streamlined and coordinated efforts from a company's entire workforce, regardless of the location of individual employees and offices.

Israel's Winemaking Revolution
BusinessWeek, by Stacy Perman  (January 16, 2008)
Israeli wines have traditionally been disregarded by sophisticated wine drinkers, but the success of the Golan Heights Winery is quickly changing perceptions. By making use of high-technology practices that produce top-quality vintages, the Golan Heights Winery has refocused the entire industry to play to Israel’s competitive advantages. Now demand exceeds supply, and the consumers around the world are discovering the latest player in the high-end wine market.

Fashion and Globalization
Globalization101  (January 13, 2008)
The fashion industry, along with most others, faces many challenges due to globalization. Due to outsourcing, brand name companies struggle to produce clothing in a way that allows them to label it “made in” places such as Europe or the U.S. Designers are demanding intellectual property protection in the U.S., as within weeks of their new designs coming out the market is flooded with copies. The environment is another concern as tons of clothing gets thrown into landfills, despite efforts by people to recycle and donate.

'What Are You Giving Away?' The Challenges of Marketing in Asia
Knowledge@Wharton  (January 9, 2008)
Foreign marketers working in Asia have often been confused by the dissimilarities between Asian consumers and their Western counterparts. Traditional notions of brand loyalty are seemingly non-existent in Asia, creating headaches for marketers wishing to gain faithful customers. To add to the confusion, general patterns of consumer behavior vary drastically from city to city. To operate successfully in Asia, marketers must have a good understanding of their target market, as well as understand consumers’ perceptions of their brand.

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2007

India, a Stirring Giant, Is the New Place to See and Be Seen
New York Times, by Heather Timmons  (December 13, 2007)
Waves of business delegations from all over the world are swarming to India in a race to grab the country's attention and establish inroads for trade. From Iceland to Uganda it seems that every country wants to tap into the massive Indian market. But it isn’t all good news in India, a fairly unstable government and shabby infrastructure still provide significant obstacles to overcome, while the extremes of income inequality are more than enough to drive some investors away.

Can Greed Save Africa?
BusinessWeek, by Roben Farzad  (November 29, 2007)
On a continent notorious for poverty and health problems, the best chance for improvement might lay in capitalist greed and profit-seeking. New investors and entrepreneurs are transforming seemingly desolate areas of Africa into productive and profitable businesses, all while drastically improving the quality of life of their workers. While not philanthropists by any stretch, these business-owners require healthy and productive workers, and are accordingly willing to invest in mosquito control, power lines and potable water as a means of improving their bottom line. The highly successful institution of microfinance practices in Africa provides more evidence to suggest that saving Africa might be a job best-suited for Wall Street.

India Feels the Heat of the Dragon in Uganda
Business Standard, by Bhupesh Bhandari  (November 26, 2007)
The current Indian population in Uganda of about 16,000 dominates business in the country. However, in the last few years 12,000 Chinese have come to Uganda and are quickly taking up a substantial share of the economy. As the demand for natural resources increases, these two Asian countries have brought their competition to Uganda.

Uganda: Where to Put Your Money
The Monitor, by James Abola  (November 25, 2007)
James Abola, a reporter located in Kampala, highlights what he considers to be the best areas for investment in Uganda. For those living in distant places, he recommends the Uganda Securities Exchange which has seen substantial growth in recent years. The other two industries he highlights are in real estate and road construction.

Best Countries for Global Business
Time  (November 15, 2007)
The second annual Global Competitiveness Index was recently released, with the United States taking the top spot yet again. The index measures 113 factors that give a detailed picture of a country’s competitive position in the world economy, as well as their ability to foster efficiency. The details of the report tell the story of a country’s economic position, as well as highlight strengths and weaknesses of interest to business and governmental leaders.

Biofuels Can Match Oil Production
Financial Times, by Ricardo Hausmann  (November 6, 2007)
The feasibility of biofuels as a major source of energy has long been the subject of scrutiny, but Ricardo Hausmann of the Financial Times argues that biofuels stand poised to take the lead in the global energy market. Steady progress in technology, along with abundances of viable land and market forces all seem to be combining to prime the biofuel industry for takeoff. If realized, this set of events could trigger and end to both the price-setting of Opec and agricultural subsidies present in today’s energy market.

Foreclosure Wave Sweeps America
BBC News, by Steve Schifferes  (November 5, 2007)
This year there has already been 1.7 million home foreclosure proceedings in the United States, and it is predicted that two million homes will be foreclosed in the next two years. This in-depth article uses Cleveland as an example, where one out of ten homes in the city is vacant. However, the problem exists across the nation and the only feasible solution depends on the sympathy of private lending companies.

The Business of Green
International Herald Tribune  (October 30, 2007)
An ongoing series of articles from the International Herald Tribune takes a close look at the multifaceted world of green business. From the engineering challenges of hybrid cars to the distribution of carbon credits, green business has far-reaching implications on the environment as well as corporate profits. The feasibility of ethanol and country-specific policies and pollution problems and are just a few of the topics addressed in this extensive report.

Little Green Lies
BusinessWeek, by Ben Elgin  (October 29, 2007)
Businesses often tout their efforts at environmental protection. Lately there has been a win-win mentality that saving the environment can actually increase profits. However, reality is showing that even when this has been true, profits are likely to be higher through alternative investments. This has led to companies forgoing investments in environmental protection. BusinessWeek shows how many companies have taken small steps to help the environment but pretend they are doing much more than they are. Examples include renewable energy credits that have been used to hide increases in carbon emissions. These are some of the many little green lies that companies have been telling.

Hungary 2007
Financial Times  (October 25, 2007)
Financial Times provides a special report on the state of the Hungarian economy at the end of 2007. Despite its successful ascension into the EU, solid relationships with Russia, and much greater economic wealth for its citizens, Hungary faces many challenges in the upcoming year. Austerity measures instituted by the Prime Minister have caused the first decline in real wages in over a decade. Coupled with his private admissions to lying about the economy to win his election, there is also political instability in the nation. This report addresses these issues but also takes a deeper look at the energy, healthcare, and banking industries.

IBM Global CFO Study: Nearly Two Thirds of Enterprises Experienced Major Risk Events and Almost Half Were Not Well Prepared
IBM  (October 24, 2007)
Everyone knows about the tremendous opportunities for growth globalization can offer, but all too often the inherent risks are ignored. A recent study of CFOs from 79 countries found that many firms are inadequately prepared to handle a high risk strategic, geopolitical or environmental event. Integrated Finance Organizations (IFOs) have instituted common processes, charts of accounts and data definitions among other tools that standardize work while minimizing risk. According to the study, IFOs outperform their counterparts in fields ranging from stock price to operational performance and responsiveness.

Bringing 'Lean' Principles to Service Industries
HBS Working Knowledge, by Julia Hanna  (October 22, 2007)
As evidence from one Indian IT firm suggests, 'lean' principles can be applied beyond the manufacturing realm. Software developer Wipro brought the ideas of standardization and coordination out of the factory and put them to work in a cubicle. Sizable increases in efficiency were coupled with greater employee satisfaction as lower-level workers entered into the innovation process. The successful experiment at Wipro could signal the beginning of a greater streamlining of processes with the potential to increase both efficiency and the problem-solving capabilities of service-oriented firms in India and throughout the world.

Young Urbanites in India Shun Their Parents' Gold Standard
The Washington Post, by Rama Lakshmi  (October 9, 2007)
Gold has traditionally held a special spot in Indian culture. It is seen as a prudent investment, treated as an auspicious metal at religious rituals, and most importantly, parents save gold for their daughters’ wedding. However, gold is facing competition as consumer income rises. Today’s urban residents are shifting towards luxury homes, cars, and expensive electronics as new alternatives to gold.

An Unexpected Finding in the Mexican Workforce
MSU Business Abroad Essay Scholarship Recipient, by Kelley Parzuchowski  (October 1, 2007)
Study abroad student Kelley Parzuchowski uses her experiences in Mexico to highlight the differences between U.S. and Mexican business culture. Though some businesses Kelley visited had questionable hiring practices and hazardous safety standards, the managers displayed a personal care for employees absent in many American firms. The hands-on style of these managers and competitive benefits creates a satisfied workforce and a surprisingly low employee turnover.

What's an SAR?
MSU Business Abroad Essay Scholarship Recipient, by Matthew Shaw  (October 1, 2007)
Matthew Shaw writes about his study aboard experience visiting two of China’s Separate Administrative Regions (SAR), Hong Kong and Macau. He notes Hong Kong’s entrepreneurial spirit and its safe environment, citing innovative developments such as the Octopus card. In contrast, Shaw describes Macau as a less developed SAR but growing at a tremendous rate, complete with a Vegas style casino district. Shaw is impressed by both regions and cites some his personal adventures both in the cities and through his explorations of the country-side.

Why ASEAN's Stock Markets Must Work Together
McKinsey Quarterly  (October 1, 2007)
The stock markets of Southeast Asia face a number of problems that could hamper their long-term viability. With the average stock on most of these exchanges trading less than once every two years, very low turnover has resulted in exceedingly high trading costs, naturally resulting in a lack of foreign investment. If Southeast Asian exchanges are to succeed in bringing in additional foreign capital and consolidating operations, strategic collaboration and gradual integration may be better than outright merger. (Free registration required to view this article.)

The Key to Successful Branding in China
BusinessWeek, by Shaun Rein  (September 25, 2007)
Much can be learned from the follies of several multinational corporations when they introduced their brands in China. Many companies failed to focus their brand on a specific target market, resulting in a dilution of their brand identity. Others have failed in marketing to Chinese consumers in a manner that encompasses their own culture and aspirations. To gain brand loyalty among the Chinese, companies must be able to successfully define their brand position, understand and relate to their consumers, and gain the trust of the Chinese youth to ensure future growth.

India Tries Outsourcing its Outsourcing
International Herald Tribune, by Anand Giridharadas  (September 24, 2007)
As the world looks to India for its outsourcing solutions, the south Asian nation is looking back for the same reason. In an attempt to better meet evolving global business needs, Indian outsourcing giants are venturing abroad, outsourcing their clients’ outsourcing. Stemming from a theory that suggests the eventual spread of outsourcing across the planet, India is hoping this bold and novel concept will keep it ahead of countries seeking to imitate its success.

How Can Your Company Build an Excellent Supply Chain? Let Us Count...
Knowledge@Wharton  (September 20, 2007)
Historically neglected, supply chains are now proving to be a critical component of just about every business model. Many companies are now turning to India as a base their global supply chain operations. With the rapid growth in global commerce, the need for efficient logistical systems has come to paramount importance. Customized supply chains are not only limiting costs, but also increasing revenues by scooping up sales that would have been otherwise lost.

Aerospace Top 100 Special Report 2007: Capacity Crunch
Flight International, by Graham Warwick & Helen Massy-Beresford  (September 4, 2007)
The top 100 in the aerospace industry posted revenue growths of 12% for 2006; however, this level of growth is unlikely to continue into 2007. The problem is that the bulk of the growth stems from the commercial market; increases in revenue levels from the defense market have been much lower. As such, constraints on commercial aircraft capacity among the top two revenue earners, Airbus and Boeing, mean even 10% growth would be ambitious. As for the performance of the companies themselves, Airbus managed to remain number one for 2006, but reported only 10% revenue growth, compared to a whopping 33% from Boeing. Tier 1 and 2 suppliers in the industry experienced greater revenue growth than prime contractors like Boeing, but experienced much more variation in their operating margins, revealing less tightly run operations.

Europe: A Branding Dichotomy
Interbrand, by Alycia de Mesa   (September 3, 2007)
In the world of global branding, cultural differences have put a damper on success in emerging markets. While firms have traditionally employed a cookie-cutter branding strategy across all markets, consumers are increasingly demanding proof of a brand's quality that caters to their own culture. In many cases this requires a total restructuring of the brand message and even the human resources responsible for creating that message. While this requires a great deal of learning on the parts of both consumers and global brands, if the firm plays their cards right they can reap the rewards of success in a growing market.

In a Growing World, Milk is the New Oil
International Herald Tribune, by Wayne Arnold  (August 31, 2007)
As the expanding global economy continues to raise people out of poverty, the demand for milk is increasing. This phenomenon has been leading to inflation in countries around the world, as the supply of milk is limited. The growing demand appears to be contributing to a much larger international trade of dairy products.

A Fish Tale on a Macro Scale: How Sushi Has Changed Globalization (and the World)
Knowledge @ Wharton  (August 27, 2007)
The unusual dish of rice, raw fish and seaweed serves as an exceptional example of global commerce and food culture. The overfishing of Bluefin in Japanese waters during the 1970’s led to the import of fish from Canada aboard passenger airplanes with improved refrigeration technology. As globalization crept across the world, this technology allowed sushi to gain a foothold in international markets such as India, the Bahamas and Peru, with each locality adding a different twist to the delicacy. Sushi’s story provides a positive example of globalization as it relates to technology and cultural identity.

Power Plays: Business Implications of the Indo-U.S. Nuclear Deal
Knowledge at Wharton  (August 9, 2007)
The U.S. and India are in the middle of negotiations to greatly increase India's civilian nuclear power program. The deal would have enormous business implications for both nations but some political leaders on both sides are in opposition of the agreement. This in-depth article analyzes the agreement from several angles and provides insight on its future.

Even Nonhousing Markets Feel U.S. Mortgage Fallout
International Herald Tribune, by Julie Creswell and Michael J. De La Merced  (August 7, 2007)
The shortcomings of the U.S. home mortgage market have had a strong impact across the nation's economy. As mortgage lenders close shop, large banks have begun loaning out less and corporations are paying more for loans. Some estimate that the high-yield market alone has lost nearly $50 billion in value since early June. The Bush Administration claims that there is no need for alarm as the nation's economy has seen positive growth. Many believe that in the past few years credit has been too affordable and accessible and the market is just now reacting. Avoiding risk, drastically lower high-yield and high-quality bond offerings were made in the past month than what has been the norm. Yet, many are confident that the credit market will rebound soon.

Third World Way
The Economist  (July 20, 2007)
The United Nations Global Compact was created in 2000 with the goal of bringing NGOs, businesses, and governments together in an effort to make the world a better place. Since then over 3,000 firms have signed up from 116 countries and the compact has steadily gained legitimacy. The Economist evaluates how the compact has grown in the past few years and the challenges that lie ahead. Highlighted topics include the profitability of Corporate Social Responsibility (CSR) approaches, the intentions of businesses, and improvements in monitoring and evaluation.

China and the U.S.: The Ties That Bind
BusinessWeek, by David C. Michael  (July 18, 2007)
Boston Consulting Group's David Michael discusses the gains that can be made from China-U.S. cooperation and the losses that would result from a trade war. The U.S.-China trade deficit reached $232.5 billion in 2006, but it should be realized that sixty percent of China's exports are driven by non-Chinese companies. The U.S. and other countries invest in China at a rate of $1 billion a week. While the trade deficit is high it also must be noted that China is America's fourth largest export market. The U.S. and China should attempt to enhance the trade on both sides instead of erecting barriers. Only then would the two countries be able to come together and agree on other economic and social issues.

India's Outsourcing Status Under Threat
ZD Net Asia, by Edwin Yapp  (July 16, 2007)
India's status as the world leader in the shared services and outsourcing sector is in jeopardy, as a study by Frost & Sullivan shows other countries in the region to be growing substantially. While the study did find India to remain as the top outsourcing location, it is losing ground quickly. This process has been associated with India's high attrition rates, poor infrastructure, rising wages, and the appreciation of the Indian rupee against the U.S. dollar. Frost and Sullivan predicts that the shared services and outsourcing market will be worth US $1.4 trillion by 2009.

Vietnam: From Catfish to Computers
Business Week, by Frederik Balfour  (July 6, 2007)
An influx of high-tech investors over the last couple years are helping to make Vietnam become Southeast Asia's fastest growing electronics manufacturing center. A little more than a year ago, Intel invested $1 billion to build a test and assembly facility in Vietnam. This program has led several other IT companies to realize Vietnam's potential. Many experts credit the economic development to Vietnam's joining of the WTO last January.

Russia's Economic Might: Spooky or Soothing?
BBC News, by Jorn Madslien  (July 4, 2007)
Russia's economy is currently growing at a staggering pace. Since 2002, Russia's GDP has grown from $345bn to $984bn, nearly tripling its value. Meanwhile, inflation has been nearly halved. Many critics associate the economic growth with luck rather than skill, as Russia's economy is largely resource-based. The country's international image is in question, as many people around the world frown at its aggresive energy policy used to elevate political power. However, with 56% of the world's proven gas reserves, Russia will surely continue to grow as an economic and political force.

Russia Bids to Become a Tech Tiger
BusinessWeek, by Jason Bush  (June 26, 2007)
The technology sector is booming, and Russia wants in. Hot on the heels of giants such as India and Ireland, Moscow is now vigorously channeling funding into the research of various emerging technologies. Russia’s Soviet legacy has also left it with an ample pool of talent and research institutes, while its universities continue to produce about 200,000 science and engineering graduates annually. Yet, the Russian revival of the tech race appears to be shadowed by shady dealings. Matters involving cronyism and intellectual rights continue to plague this emerging giant.

Job Security in Corporate Pakistan
All Things Pakistan, by S.A.J Shirazi  (June 18, 2007)
It is a precarious world in corporate Pakistan, especially if one is an employee. The results of a private survey reveal a severe state of job insecurity in the nation, with employers issuing dismissals at their whim and fancy. It also stated that this trend could potentially lead to an eventual lack in both trust, and productivity. Hence, it is suggested that reforms and regulations be made to the Pakistani corporate sector, with the hope of fostering a better self-motivated, and creative work force.

Wealth Gap Grows and Solidarity Fades as Rebellion of Rich Spreads Across EU
The Guardian, by Ian Traynor  (June 11, 2007)
Cracks are forming in the European Union (EU), and they reveal a worrying trend. The way that tax-money is used has left the wealthy more than a little agitated. Many of Europe’s prospering regions are unhappy that most of the money is used to better, and fuel poorer communities, instead of their own; others are lamenting the seeming special benefits showered on the latter. It is feared that such resentment could mar the EU's history of successful wealth redistribution. Already, separatist talk has begun to surface, amidst the fading unity of this regional community.

Sports Sponsorship: A Risky Game
BusinessWeek, by Jack Ewing  (June 7, 2007)
The benefits of sports sponsorship may be boundless, but so are its risks. As recent doping scandals and mediocre performances have shown, such advertising ventures can be quite the double-edged sword. While a successful campaign could rake in the riches, backing a disgraced outfit could very well lead to grim losses and a sullied name. Interestingly, firms who have been burnt, such as BMW and Deutsch Telekom, continue to remain loyal and unfazed by this fickle pursuit.

To Appeal to Women, Too, Gadgets Go Beyond 'Cute' and 'Pink'
New York Times, by Michel Marriott  (June 7, 2007)
Technology has a new lover, and her name is Woman. Once a male domain, consumer gadgets are undergoing a subtle revolution, headed by their engineers and designers. Signs are pointing towards a move away from the superficial pinks and pastels, and a growing focus on feature-based changes that appeal to women. This is due, in part, to manufacturers recognizing plausible differences in gender roles, and how each views consumer technology. (Registration might be necessary to view this article.)

Djibouti Reaches Out to Trade and Tourism
BBC News, by Ginny Hill  (June 3, 2007)
Blessed with stability and strategic geography, tiny Djibouti is a rising star on the African continent. Attracted by its crucial position between the Mediterranean and the Indian Ocean, investors are in a partnership with the government to construct a new, state-of-the-art container terminal. Ostentatious tour packages are also in the works, as Djibouti bids to attract wealthy tourists to savor its many natural beauties. But, in a country with a 60% unemployment rate, the greatest benefit from its exciting ventures could be the jobs they generate.

Outsourcing Innovation?
Forbes, by Paul Maidment  (May 29, 2007)
Despite the progress China has made in R&D, it is still struggling to improve the overall quality of its research. One problem in the quest for innovation is a lack of an entrepreneurial class. Large companies are mostly government-run and unwilling to take on risky R&D projects, resulting in clever but not fantastically innovative products.

Extreme Investing: Inside Colombia
BusinessWeek, by Roben Farzad  (May 28, 2007)
In recent years Colombia has seen strong GDP growth while lowering both inflation and unemployment. Despite this positive economic news, the country has not been able to shake off its image as a haven for drug lords and criminals. A closer look into the cities and businesses of Colombia reveals safer streets and more efficient businesses. These improvements have increased confidence among both investors and consumers, though the economy as a whole remains fairly volatile. The mixed signals Colombia is sending paint an unclear picture of the nation’s future as an economic hub for Latin America.

Giants Forced to Dance
The Economist  (May 24, 2007)
Amidst dipping profits and corporate scandals, a massive shake-up is in the works for European firms. Despite success comparable to that of their American counterparts, recent snags have left several giants with new head honchos, but vague directions. Many believe this uncertainty could mean the end of a rosy decade; others feel that it could just be the nudge that Europe’s driving force needs. Whatever it may be, it is clear from the present disarray that European corporate big wigs must quickly learn the ropes of globalization.

Home on the Range
Newsweek, by Ruth Olson  (May 21, 2007)
Buffalos are making a comeback – on the dinner table. Hunted close to extinction almost a century ago, the humble buffalo is now bred for its meat, which has become a fad of sorts amongst health-conscious individuals. While still a minnow compared to its popular, “beefier” counterpart, this resurgent industry is reluctant to topple the latter. Rather, it is seeking to establish a specialty, niche market, that it hopes will maintain the integrities of both product and animal.

Boom Turns Irish Life Upside Down
BBC News, by Stephen Fottrell  (May 21, 2007)
The Celtic Tiger is on a rampage, but at what cost? In what used to be a nation of agricultural communities, a thriving mix of wealth and modernity now grace the historical streets of Ireland. Yet, the Irish economic metamorphosis has also meant a diminishing of rural societies and cultures. Additionally, the new race to riches is currently fueling increased isolation amongst a once warm populace. And, struck by this stark dichotomy between prosperity and a seeming decadence, many Irish now question the direction their country is moving towards.

Why Aren't Americans Using Less Gas?
Fortune, by Alex Taylor III  (May 10, 2007)
One would think that soaring gas prices would make consumers feel the pinch. Apparently, not. While sales of compact cars and trucks in the United States have risen in recent times, they come at the expense of mid-sized vehicles, and not their larger, gas-guzzling counterparts. However, this might all be changing soon, as automakers continue to be pressured to boost R&D for smaller, more fuel-efficient automobiles.

When Everyone's A Critic
Time, by Bill Tancer  (May 2, 2007)
The Internet has been a boon to many, and not least, the shopper in us. Brimming with online user reviews, the Web has become an unprecedented force for consumer-empowerment. With the help of fellow savvy shoppers, one is now able to seek out the nitty gritty details of everything, from obscure books to exotic locales. However, a keen eye is still needed if one is to discern between genuine insights, and misleading rants.

How Bad is Inflation in Zimbabwe?
New York Times, by Michael Wines  (May 2, 2007)
Each day in Zimbabwe the value of a dollar drops by five percent. Inflation in Zimbabwe is astronomical, prices of various items multiplying up to four times every couple of months. A roll of toilet paper is almost $150,000 in Zimbabwean currency. It seems as if President Mugabe has no grip on the situation. His 26 years in office haven't financially stabilized the country in any way; he had money printed just to pay off debt to the IMF. Citizens of Zimbabwe are struggling more than ever to cover basic living needs. Three million dollars for rent each month is something that very few Zimbabweans can afford to pay.

Deal or No Deal
World Trade Magazine, by Jeremy N. Smith  (May 1, 2007)
About thirteen million people inhabit the landlocked, tropical west African nation of Burkina Faso, and ninety percent of those who work are subsistence farmers. The agricultural overproduction programs maintained by developed regions like the U.S. and Europe pay farmers to grow more than is necessary, driving down world market prices and making farmers in less developed countries unable to provide for their families. An impasse on development talks regarding the Doha trade agreement is making it difficult to rectify the problem.

England's Goal Rush
TIME, by Lawrence Griffiths  (April 26, 2007)
The sun never sets on U.K.'s Premier League empire. The football league boasts some of the best teams in soccer history, enormous revenue and growth, and sprawls across several continents. Since departing from the Football League and giving birth to the Premier League, several U.K. teams have dominated the field and commanded a sea of fans. The Premier League has not only improved its stadiums in the U.K., but reached out to its fans everywhere. Asian fans are enamored by the fast-paced play and players from more than 20 countries join the Premier League to be a part of it. America has caught on and investors have dropped hundreds of millions of dollars on the teams to reach fans not only of the U.K., but of all the football-watching nations. The Premier League has all the talent and fan base of every investor and player's dreams.

Bottled Water: No Longer Cool?
Fortune, by Marc Gunther  (April 25, 2007)
Bottled water is coming under heat, and all that H2O might not douse the flames. It is usually not any better than tap water, and critics are also pointing to its non-environmentally friendly nature. Many claim that its production adds to global warming, while used bottles lead to littering. As a result, several opponents have begun to encourage lesser use of bottled water. However, producers are saying that, just like other beverages, there is always an appropriate time and place for their products.

Running Like a Clock ... and Fast
New York Times, by Paul Burnham Finney  (April 24, 2007)
For many American business travelers, rail is fast becoming the way to go. Continual expansions of high-speed rail networks have meant increased accessibility to various parts of the world, and at shorter times. Corporate commuters, many tired of the airport hustle and bustle, are also raving about the convenience and cleanliness of this evolving mode of transportation. In light of this growing business rush, several rail operators have now moved towards airline-inspired pricing systems, and even discount programs for their new corporate clients. (Registration might be required to view this article.)

When Chinese Companies Go Global: An Interview with Lenovo’s Mary Ma
The McKinsey Quarterly, by Gordon Orr and Jane Xing  (April 20, 2007)
McKinsey Quarterly recently met with Mary Ma, Chief Financial Officer of Lenovo, to gain her insight on the challenges facing Chinese companies venturing abroad. Ma believes gradual deregulation in China has meant that firms are now better able to enter the global arena. However, she notes that cultural differences, and the size of business, form critical factors in determining the success of overseas growth. Finally, Ma touches on the importance of private-equity investors, and their valuable experience in business decision-making. (Free registration is required to view this article.)

U.S. Market is Losing its Appeal, Chinese Say
International Herrald Tribune, by Keith Bradsher  (April 17, 2007)
The American market is no longer as attractive to China as it used to be. Or, at least that is what several Chinese businesses claim. Many blame the steady weakening of the dollar and intensifying protectionism in the United States (US) as reasons its diminishing importance. The Chinese are also hoping to prevent an over-reliance on a single export market, and are expanding in places such as Russia and the Middle East. Ironically, China has recently surpassed Canada as the largest exporter to the US.

An Industry in Search of its Identity
JoongAng Daily, by Ines Cho  (April 10, 2007)
South Korea is not a country known for its fashion, but rather a culture that turns the other cheek at flaunting the latest handbag. For centuries Koreans have felt that being fashionable or being caught in a style storm was a "social evil." The country is trying to step away from the old vanity issue and into the fashion world with Seoul Collections fashion week. The government lobbied major fashion houses and brought in journalists from around the world spending $1.6 million for the week. However, the rest of the world was not impressed with copied looks, even though the fashion week has gotten much bigger since it opened in 2000. South Koreans are struggling to find their place on the catwalk but feel they'll find their footing soon. It is a new frontier for the country, but there has been much investment from the government and young designers have their hopes set high.

Cricket in India: It's Big Business but Not Businesslike
Knowledge @ Wharton  (April 5, 2007)
There is no better time than now to be in the cricket business. Proceeds from the 2007 Cricket World Cup alone are expected to make the International Cricket Council (ICC) $239 million. In India, things seem even better. The Board of Control for Cricket in India (BCCI) is the world's richest cricket association, and India's best cricket player, Sachin Tendulkar, earns around $30 a minute. It is no mistake that the cricket business is thriving, but the recent disappointment over India's World Cup defeat suggests that the current model may be flawed. India may look to professional leagues in other countries for a improved structure.

China's Appetite for Meat Feeds a Brazilian Soybean Boom
International Herald Tribune, by Alexei Barrionuevo  (April 5, 2007)
It seems everything in China is undergoing change, and its residents’ taste buds are no exception. With their ever-increasing paychecks, more and more Chinese are demanding beef, poultry and pork. The animals in turn need more soy, a scarce commodity in China. The answer to China’s grain problem could lay in Brazil, whose underutilized farmland could be used to satisfy the middle kingdom’s craving for soy. If a stronger partnership is to be reached, problems with Brazil’s deteriorating infrastructure will need to be handled with firm commitments of capital, and Brazil’s farmers must be ensured of a more sustainable living.

The Business of Global Poverty
Harvard Business School, by Gary Emmons  (April 4, 2007)
Professors at Harvard Business School studying global poverty have made critical revelations in the field. Michael Chu, senior lecturer at HBS, says that doing business with the bottom of the wealth pyramid is not just morally sensitive, but is just perfect business sense. The poverty stricken individuals may only have dollars of dispensable income, but 2.8 billion people is large market in itself. Microfinancing is one way to work with people below the poverty line. One example is the Grameen $200 loan, which some 7 million people have taken out, that has a 98% repayment rate. Global poverty is probably the biggest socioeconomic problem and won't be fixed with a band-aid, but can over time be dramatically improved.

Globalisation's Offspring
The Economist  (April 4, 2007)
As globalization descends upon the world, a new breed of multinationals is emerging in its wake. Mostly from the BRIC countries, these firms are agile and aggressive, and giving their established counterparts a good run for their money. Though still a far cry from the old giants, many up and coming minnows have already launched successful takeover bids for foreign businesses. And, as both groups continue to tread gingerly, the true winner of this global tussle might just be the consumer.

India's Edge Goes Beyond Outsourcing
New York Times, by Aanand Giridharadas  (April 4, 2007)
Offshoring jobs to India has evolved from simple skilled tasks to highly technical projects. Companies are devoting more to training and fostering the intelligence and talent of their workers. Many new jobs in India are for writing software and even investment banking. Not to worry, there is still high demand for work to be done here. The job markets will shift and be more open for face-to-face business, like the medical field.

Migration Intricacies
BBC News, by Evan Davis  (March 29, 2007)
The pros and cons of migration are like the ebb and flow of the seas. One positive effect draws a negative consequence simultaneously. In "Notes on Real Life," Evan Davis teaches his "Evanomics" of migration. This is an interesting article displaying bilateral ideas. For example, he credits the Polish immigrants in Britain with building new houses, while at the same time filling them up.

Chasing the Dragon
Fortune, by Clay Chandler  (March 28, 2007)
It's hard to miss China when talking about global business, and for China it's hard to not be scrutinized over its explosive economy. China hasn't been able to control the side-effects of super success. The gap between rich and poor has grown and more efficient - and sustainable - resources are necessary, as well as less of a dependence on exports. Expert economist Stephen Roach warns that China is "unstable, unbalanced, uncoordinated and unsustainable."

Sierra Leone's Cool Entrepreneurs
BBC News, by Katrina Manson and James Knight  (March 26, 2007)
Fishermen in Sierra Leone are getting a cool uplifting - literally. They are now better able to keep their catch fresh, with a steady supply of ice from a new factory in town. Named Ice Ice Baby, after the popular rap, the business opened its doors to the rainy season and lukewarm reception. However, as receding clouds led to the casting of nets, demand finally came in for the company’s product. The income of fishermen has doubled, even with the additional cost in ice, revealing a golden opportunity for development. However, while foreign investments stream into the growing nation, local money continue to flow outwards due to a lack of confidence in the government.

Chávez’s Banking Plans Cause Apprehension
Financial Times, by Richard Lapper  (March 22, 2007)
The prospect of a South American development bank has just taken a leap towards reality. First forwarded by Venezuelan president, Hugo Chavez, initial reactions to the idea were lukewarm at best. However, recent announcements that the potential institution could begin lending in early 2008 have left some rattled. Officials from regional rivals – the Inter-American Development Bank (IDB) and the Andean Community Corporation – are concerned about the likely adverse effects it could have on regional divisions. Some in both institutions are also worried about the possibility of diminished roles.

Moore's Law Hits Physics in Memory Chips
Reuters, by Scott Hillis  (March 21, 2007)
It seems the laws of physics are finally catching up with Moore’s Law; and memory chips could be the first to bear the brunt. With current technology already allowing for miniscule 50 nanometer circuits, the time when silicon memory chips cannot be made any smaller might not be too far off. This has prompted a rush by industry leaders to seek alternative methods of memory storage, some of which resemble the stuff of science fiction. However, with technology also comes nagging questions of feasibility and capability, of which answers might not be as forthcoming.

The Ex-Elite Flier Club
The New York Times, by Barbara S. Peterson  (March 20, 2007)
Loyalty programs are good, only when members are loyal. Frequent fliers tend to find out the hard way, when their elite statuses are cut due to hiatuses, for reasons such as maternity leave and military service. Many are now lamenting the prospect of long lines and the economy squeeze, saying that it leads to a drop in personal productivity. As such, some have taken upon themselves, armed with justifications and negotiating skills, to overturn the seeming insensitivities of the airlines. (Registration is required to view this article.)

Green Business
BusinessWeek  (March 19, 2007)
With the recent spike in interest around clean energy, there has been much debate about the extent to which we can minimize our footprint and the best methods to do so. From ethanol cars to environmentally friendly wedding dresses, big businesses and ultimate consumers alike are hopping on the eco-friendly bandwagon. It is becoming increasingly apparent that being environmentally responsible can also bring financial rewards. The biggest question that remains is which green fuels will take off and which will bust.

Singapore and Neighbors Just Can't Get Along
International Herald Tribune, by Wayne Arnold and Thomas Fuller  (March 15, 2007)
Since its separation from Malaysia in 1965, Singapore and the surrounding countries have been in constant quarrels. Indonesia’s recent halt of sand exports needed to fuel Singapore’s construction boom has aggravated tensions even further. While the price of sand has tripled since this cease in exports, analysts warn that tense relations and trade quarrels could have a greater economic impact on the growth of the entire region. ASEAN’s goal of a single unified market by 2015 could prove to be unattainable if conditions fail to improve.

Corporate Wikis Go Viral
BusinessWeek, by Dan Carlin  (March 12, 2007)
The seeds of Wiki are slowly but surely being sowed in the corporate arena. Led by Nokia and Dresdner Kleinwort, the business world is gradually warming up to the mass collaborative phenomenon. First gripped by uncertainty, wiki converts in both companies are now raving about the time and cost effectiveness of the tool; other benefits of the new practice include increased productivity, coupled with a reduction in email use. While still not a mainstay in most firms, wikis are set to take the corporate by storm, backed the successes of Nokia and Dresdner Kleinwort.

Preserve Bulgaria's Nature
Sofia Echo, by Petar Ganev  (March 12, 2007)
As becoming "green" popularizes around the world, some nature-oriented organizations are surprisingly being protested. In Bulgaria, Natura 2000 has put many of it's citizens in worried state, which they say is not surprising. Natura 2000 is a European network aimed at keeping regions of land untouched. Since Bulgaria has joined the EU, Natura 2000 has set strict limitations on land across the nation. In the belief that man has the right to do what he wants with his own land, the people of Bulgaria want to farm and utilize natural resources. Some poverty stricken societies that depend on large mining projects are also protesting the regulations of Natura 2000 to financially support themselves. They argue that NGOs can save land and make money as well.

Harvesting Latin America's Agribusiness Opportunity
The McKinsey Quarterly, by Jorge A. Fergie and Matias Satz  (March 1, 2007)
Rising global demands for foodstuffs will help agribusiness expand. Brazil and Argentina seem to be best poised to address this demand but will have to tackle problems in efficiency, financing, innovation, and organizational structure. McKinsey highlights the practices of select companies to shed light on potential solutions and strategies necessary for sustained success. This article is also available in Portuguese and Spanish. A free registration is required to view this article.

An EU Directive Pits Environmentalists Against Developers in Bulgaria
International Herald Tribune, by Matthew Brunwasser  (February 23, 2007)
Conflict abounds in Bulgaria, the newest member of the EU. Blessed with a virgin nature and country, the developing, Southern European nation is embroiled in hostilities over Natura 2000, an EU environmental protection measure. In a country where land ownership holds more than mere economic significance, the government treads a fine line between private and environmental concerns. Backed into a corner by furious landowners and environmentalists, the administration of Prime Minister Sergei Stanishev must also contend with pressure from its new friends in the EU.

African Trade Fears Carbon Footprint Backlash
BBC News, by Victoria Averill  (February 21, 2007)
Solving First World problems could be creating Third World troubles. Kenyans are up in arms over a recent announcement by UK supermarket chain, Tesco. The statement called for the cutting of air freighted imports by half, and the adoption of "carbon counting" labeling, all in an attempt to reduce the company’s carbon footprint. However, many are deploring the specious aims of the move, and its potentially dire effects on consumer mindsets, and Kenyan producers; even if consumers boycotted African produce, total emissions in the UK would only dip by less than 0.1%.

Is Panama City the Next South Beach?
Washington Post, by Ceci Connolly  (February 18, 2007)
The latin metropolis of Panama City is that of a posh and urban-chic vibe, yet embraces you with the warm and friendly gestures of the South American culture. Tourists from all over the world are drawn to this unique city for more than it's charm, it's also a wallet-friendly place to visit, for now. The eyes of the business world have also noticed Panama City with the likes of Donald Trump building his own skyscraper. Prices will soon soar, especially when the Panama Canal locks project is finished. Either way, Panama City is fast becoming a hot destination for travelers and businesses.

Arming the E-mail Road Warrior
BusinessWeek, by Jack Ewing  (February 16, 2007)
The battle is finally heating up in mobile business communication. While suits with mobile e-mail devices are already a common sight, they make up little more than 1.5% of the 650 million global, corporate e-mail boxes - a number that mobile giants, such as Nokia, are keen to tap. Unfortunately, exorbitant costs have proved a hindrance to the growth of this untapped market, and the widespread, corporate adoption of mobile e-mail services.

Getting Rich off Those Who Work for Free
TIME, by Justin Fox  (February 15, 2007)
Wikipedia, Youtube, Linux - they might be free now, but they could be the Eldoradoes of this digital age. What open-source products and services lack in originality, they more than make up for in betterments and coordination. However, trying to profit off of volunteers, without looking greedy, could make these cash cows tricky to milk.

Kenya: Where Youth Risk Life And Limb to Harvest Sand Inside a River
allAfrica.com, by Nicholas Okeya  (February 8, 2007)
At the River Nzoia in Kenya, youths are in a routine race against time. Armed with only strong lungs and the urge to survive, the teenage sand harvesters brave long periods in snake-infested waters for a meager 300 Kenyan Shillings ($4.37 US dollars) each day. An important economic activity along the Nzoia, sand harvesting has drawn countless youths from the region. And, while advice about education and personal well-being regularly rings through their ears, all the children want is to earn that much-needed buck for the family.

Kia Investment Boosts Slovakian Growth
BBC News, by Jorn Madslien  (February 6, 2007)
In Slovakia, assembly lines are churning and lives are changing. Generating thousands of jobs and sparking the creation of better infrastructure, the seeds of economic growth are being sowed by Kia Motors' new plant in Zilina. And, with other foreign investors close behind the Korean automaker, Slovakia is slowly but surely becoming a major player in Europe.

India and China Wise Up to Innovation
BusinessWeek, by Harold Sirkin  (January 30, 2007)
Innovation drives top economies. The Japanese found that out in the 1950s and ‘60s, followed by the South Koreans in the late 1990s. And now, two of the fastest growing economies almost have it in their grasp. China and India have set themselves ambitious and elaborate goals, hoping to evolve into innovation-driven economies. R&D has seen steady increases in both countries, with investments in India achieving an annual growth rate of 40%.

Go Green, Get Rich: 8 Technologies to Save the World
Business 2.0, by Saheli Datta and Todd Woody  (January 29, 2007)
This article highlights 8 super-hero technologies. The damsel in distress being mother earth, some companies have decided it's time to protect her. With technological advances ranging from an endangered species tracker to toxin eating trees, these progressive thinking businesses could also make a huge profit for themselves.

Still Waiting: Record Labels Long for Digital to Rescue Dwindling Sales
The Guardian, by Katie Allen   (January 18, 2007)
Rosy digital sales are hardly enough to mask the flagging fortunes of the record industry. While music downloads hit the $2 billion mark in 2006, they have done little to offset waning demand for physical formats, such as CDs. However, record labels remain less than deterred. Putting up a brave front, many are raving about the digital age, citing phenomena like MySpace, and the highly-anticipated Apple iPhone, as budding cash cows.

Abandoned Iraqi Factories Now Manufacture Hope
International Herald Tribune, by James Glanz  (January 18, 2007)
Several factories litter the poignant landscape of battle weary Ramadi, in Iraq. Once state-owned enterprises under Saddam Hussein’s regime, they remain miraculously pristine, spared from the scars of war. In the wake of unrealized American aid, these factories have sprung to the forefront of reconstruction. Many hope that the economic oases will boost rebuilding efforts, while curbing insurgency by increasing employment.

Middle East Attracts $43.3b FDI in 2006
Khaleej Times Online, by Babu Das Augustine  (January 13, 2007)
Over the past year, $43.3 billion came to the Middle East in foreign direct investment. The oil market as well as the rapidly expanding domestic markets of these countries have been attractions to investors. Overall, 2006 marked a 25% increase in FDI for the Middle East.

Asean Pursues EU-style Regional Integration
International Herald Tribune, by Carlos H. Conde  (January 12, 2007)
A cousin could soon be on the way for the EU, in the form of a "new" Asean. Members of the association are toying with the idea of an integrated Southeast Asia, a concept not unlike that of the EU. The proposition was put forward as a much needed evolution of the 40 year old organization, which many feel has been weakened by inaction. Supporters believe that a more homogeneous community would lend greater weight to the regional body and its actions.

Russia's Progress and Regress
Japan Times, by Charles Wolf  (January 11, 2007)
Throughout the past decades, Russia has undergone many changes in the business world. The country has opened its doors to many other areas of the world and other policies, but where is the market now? Labeled as a transitional market, Russia's economy has yet to find stable ground for itself. (free registration required)

Cloned Beef Burgers:
BusinessWeek, by Pallavi Gogoi  (January 11, 2007)
Cloned food is safe. Or, at least the Food and Drug Administration says it is. While still unavailable for sale, the FDA is expected to give its final stamp of approval, following a review of public feelings on the issue. Unfortunately, it could be public opinion that is toughest to chew on. Many already have some beef with cloned food, citing issues such as the supposed cruelty of the cloning process.

A New Oil Plan for Iraq
TIME, by Vivienne Walt  (January 11, 2007)
A plan to divide Iraq's oil wealth among all Iraqis and shared with outside companies is in the works. As written, the legislation would allow big businesses 10 years of experimenting with Iraqi oil fields, then possibly negotiating production deals with Iraq National Oil Company. Also included in the document is the proposed idea of sharing the income among all Iraqis, possibly ensuing battles between rich production areas against the dry regions. With Iraq's infrastructure in its current battered shape, a clear view of how this could turn out for oil companies and Iraqis alike is a long way off.

Cultural Revolution
The Economist  (January 11, 2007)
A revolution is in effect in the shady annals of Chinese accounting. The beginning of 2007 saw a new financial reporting system come into being. Based on the International Financial Reporting Standards, the switch from old to new is mandatory of firms listed on the Shenzhen and Shanghai stock markets, and optional for the rest. However, China’s sudden devotion to transparency is believed to be blurry at best. Many lament the Asian giant’s dubious history, and acute lack of accountants, as significant barriers to financial integrity.

5 Energy-Saving Tips: More Important Now Than Ever
Industrial Maintenance and Plant Operation Magazine, by Peter Cleaveland  (January 9, 2007)
Industrial Maintenance and Plant Operation (IMPO) Magazine has compiled a brief list of tips to aid industries in prudent energy usage. While plugging leaks and motor efficiency are by no means newfangled methods, they are tried and tested ones; other interesting accompaniments include the use of solar energy, and even free consultations.

BRIC Crumbling?
IndustryWeek, by John S. McClenahen   (January 1, 2007)
BRIC (the term used to refer to Brazil, Russia, India, and China) is supposed to be the driving force of the world economy for the next couple decades. IndustryWeek provides analysis as to both trends and practices that hamper economic development and ones that promote stability and growth. Specific manufacturing industries are cited to provide additional insight to individual issues that are pertinent. Some key insights include Russia being a good choice for sourcing into the Europe but not necessarily the United States; India having the greatest long-term potential; and China being the mature outsourcing location.

Opportunities South of the Border
Label and Narrow Web, by Jennifer Dochstader  (January 1, 2007)
Latin America is showing a promising future for label printing companies. Sales and exports from label companies in the region are up, especially countries besides the big stars like Mexico and Brazil. Locals are privileged with heightened incomes and are therefore able to buy products (like packaged foods) from the printing companies driving the sales. Printing companies are also becoming more competitive in the global market with aesthetics on their actual products and by using higher quality machines and printers. The newfound competitive edge is warmly welcomed by Latin America.

ERP Breaks Barriers
IndustryWeek, by AMR Research Inc.   (January 1, 2007)
Enterprise resource planning (ERP) is a software application that started within the manufacturing sector and is now gaining increased attention. ERP provides companies with a more comprehensive view of their business environment and allows different company segments to share information on a real-time basis. In 2007, production will likely garner the largest share of ERP investment due to increasing pressures placed on manufacturing from globalization. In a related article, three companies provide case-studies on successful implementation of ERP systems.

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2006

Uncertainty Over China Prompts Textile Importers to Diversify
Shipping Digest, by Alan M. Field  (December 25, 2006)
The U.S. importers of textiles are set to diversify the sources of their goods as political opposition to China runs high. Potential beneficiaries to this diversification include Vietnam, Indonesia, India, and other low-cost Asian countries. This article looks into the challenges that sourcing from these countries poses and the likely trends in textile trades. Apart from Asian countries, Shipping Digest also examines the potential role Central American countries will play with the passage of CAFTA (Central America Free Trade Association).

Spam Doubles, Finding New Ways to Deliver Itself
New York Times, by Brad Stone  (December 6, 2006)
Spam is back - with a vengeance. With antispam technology getting the better of junk e-mail in recent years, many assumed that the pesky frustration had become the stuff of history. However, spammers are hitting back, aided by sophisticated methods that are successfully thwarting spam detectors. Alas, as antispam companies struggle to keep up, and business servers clog up, spammers are looking up and smiling all the way to the bank. (Registration is required to view this article.)

Putting the Malaise into Malaysia
The Economist  (November 30, 2006)
In what was once a progressive nation, social discord now threatens to flush Malaysia down the economic drain. Even after being showered with preferential treatment, it appears some indigenous Malays are still disgruntled with the Chinese and Indian minorities. Opponents of this positive-discrimination claim that it is hindering both economic reforms and privatization of business. And, as the prime minister stifles another attempt at inter-faith discussion, Malaysia’s 50th year of independence could be one to forget.

Is Corporate Social Responsibility Responsible?
Forbes, by Betsy Atkins  (November 28, 2006)
A lot of buzz in today’s business world seems to surround corporate social responsibility. While a worthy cause, it is, like many notions of political correctness, a muddy one to tread. Achieving the balance between social causes and profitability may be a delicate process, but it is an unavoidable one. A firm ought to be responsible, not only to society, but its shareholders as well; they are in the business of making money after all.

Free Flow: Shipping Companies Counting on India to Help Fill Empty Containers
International Herald Tribune, by Vaudine England  (November 15, 2006)
The titanic Chinese trade surplus could be dropping a couple chunks. Fretting shipping companies are setting their sights on India, relying on this Asian tiger to tip the balance. Teeming with raw materials, and a prospering middle class, Delhi could be just the tool to rein in Beijing’s runaway surplus. And, free trade pacts, while still far into the horizon, could be a reality as the two powerhouses begin to cozy up to each other.

Red Alert or Green for Go
Daily Mail & Guardian, by Sanusha Naidu  (November 9, 2006)
As China and Africa cement their recent economic marriage, many are looking at the union with mixed emotions. Some see salvation in the Asian giant’s interest – its exciting growth and trade commitments breathing new life into the forlorn continent. Others, however, approach the alliance with great apprehension, gripped by the fear of exploitation repeated. Disagreements aside, wherever this path takes Africa, her fate ultimately lies in the hands of her populous and their leaders.

Taming Ireland's Celtic Tiger
Fortune, by Christopher Redman  (November 7, 2006)
From rags to riches in one generation, the Irish fairy tale is one that many envy. However, the spectacular success of the Celtic Tiger has stumped more than a few. Many point to EU handouts, while some sing the praises of the education system; still, there are others who trace it to a 1980s demographic shift. Almost everyone is struggling to decipher the mystery remedy, in a bid to sustain it. However, with rising debt and dependency ratio, this roaring feline could lose its final life before it can even be saved.

Wales Struggles to Reinvent Itself
BBC News, by Clare Davidson  (November 6, 2006)
Just a decade ago, Wales was riding high on waves of Asian investments. But, as Eastern Europe found its economic footing, desperation caused the British nation to fall for its investors’ idle commitments. Firms promised skill developments, only to sacrifice it for a fast buck. Now, as LG, the last of the major investors, prepares to take its leave, the Welsh dragon is left to lick its wounds.

From Bench to Bedside
The Economist  (November 2, 2006)
Plagued by red tape and banal ventures, the pharmaceutical industry has seen a steady decline in drug discovery. A concentration on generic drugs, instead of R&D, has ensured a saturation of copycat treatments in the market. Fortunately, there is a new kid on the block. Innovation-rewarding venture funds are just now entering the arena. Armed with gumption, and deep pockets to boot, they could be the long-awaited panacea of both the industry and the world.

Australia's in Luck
Forbes, by Paul Maidment  (October 31, 2006)
Plagued by racial strife and protectionist dawdling, Australia seemed to be drifting into the mists of oblivion. Now, fresh from a forty-year transformation, the continent has become an economic force to be reckoned with. Copiously blessed with natural resources, the outback now plays host to some of the biggest multinationals. And, as it begins saddling the ever powerful East Asian economic surge, its only potential undoing would be its own inaction.

Boomtown in Venezuela Confronts Mining Ban
New York Times, by Simon Romero  (October 29, 2006)
Six-shooters and high noon gunfights are probably not a common sight in La Paragua. But, the Venezuelan mining settlement is fast becoming a modern day Wild West. As the lure of diamonds and gold whets the appetite of fortune-hunters, President Hugo Chavez is struggling to halt their advance, supposedly for environmental reasons. Clashes between miners and government troops have already taken six lives, and sparked off a wave of violent protests. Yet, locals remain skeptical of the government's intentions, and miners continue to trudge towards their prize. (Registration is required to view this article.)

The Innovation Sandbox
Strategy+Business, by C.K. Prahalad  (October 26, 2006)
In the past, a market breakthrough has been the focal point of new innovations, but today, innovations are designed to change lives. The idea behind modern innovation is to create a low-cost, high-quality business model. The process includes identifying four conditions, all of which are complex and require free-form exploration. However, if companies can successfully execute innovations with these four conditions, the quality of life for people of the developing world will be greatly improved. (Free Registration is required to view this article)

The Tyranny of King Cotton
The Guardian, by Joseph Stiglitz  (October 24, 2006)
It seems actions do speak louder than words. While the United States (US) continues to harp on free trade, its economic policies point increasingly towards protectionist dabbling. Many believe that American subsidies for its cotton industry are the root for the Doha breakdown, and the perpetuation of poverty in the Third World. It is widely expected that a rekindling of the Doha flame would yield favorable results, especially for the US; that is, if it decides to put its money where its word is.

Road Warrior Health Hazards
Forbes, by Hannah Clark  (October 18, 2006)
Touring executives toil to keep their companies in the black; they also face an equally challenging struggle to keep themselves in the pink of health. Many believe that being fit is key to business success. And, from Capoeira, to circulation-enhancing socks, businesspersons are discovering an increasingly endless list of creative ways to stay active and fresh.

Europe's Young Entrepreneurs
BusinessWeek, by Andy Reinhardt  (October 9, 2006)
When people think of entrepreneurs they often skip over Europe. Although Europeans still do tend to be more risk-adverse, a new breed of young entrepreneurs has emerged. These young individuals have not only based their ideas on new technology and venues such as the Web but also traditional outlets such as film production. BusinessWeek takes a closer examination of 15 of these young entrepreneurs.

Making Money in Afghanistan: Still Risky Business
Fortune, by Eric Ellis  (October 5, 2006)
The picture seems to be glowing for war-torn Afghanistan. Per capita income is steadily rising, and prominent investors, such as Coca-Cola, are dumping millions into the embattled nation. However, behind the rose-colored facade lies a shady world of strife and corruption. Afghan returnees are being ousted by warlords who are hungry for a piece of the action; and, the narcotics trade makes up a third of the country's economy. Coupled with a fierce Taliban resurgence in the south, the Afghan dream could be going the way of its past - in shambles.

Cityscape: For Egyptians, Life is a Bowl of Ful
International Herald Tribune, by Michael Slackman  (October 1, 2006)
As Egypt feels the assimilating pressures of globalization, an oft forgotten group - the poor - is fanning the flames of its fading culture. Peppered with traditional trades, the poor-dominated informal sector makes up about 60% of the nation's economy. And, each day, many more rural immigrants are riding into Cairo, on the backs of dreams and hopes. It could be high time for the national capital, and perhaps all of Egypt, to expand its economic horizon.

The Smart Way to Invest Overseas
World Trade Magazine, by Mark Bernstein  (October 1, 2006)
The power of United States businesses abroad has rarely been in question. And, with the shifting of economic paradigms, the world superpower is again redirecting its overseas investments. Yet, experts agree that just mere, convenient dumping is, more often than not, a recipe for failure. Most still believe that sound investments are still built on the most basic of principles, such as political and economic stability, infrastructure, and the likes.

Wireless Networking May Soon Get Faster. Will Anyone Care?
The New York Times, by Martin Fackler  (September 26, 2006)
With Bluetooth and 3G deflating like wheezing balloons, skeptics are wondering if wireless networking is really worth all the fuss. Yet, throngs have already jumped onboard the 4G bandwagon, with many more in tow. Hundreds of millions are being pumped into the 4G bubble, as competitors vie for a piece of the action. Unfortunately, judging from past experience, this is likely a pie that is fillled with nothing but a whole lot of puff. (Registration is required to view this article.)

Panama: A Bubble Waiting to Burst
Latin Business Chronicle, by Walter Molano  (September 26, 2006)
A country most associated with its famed canal, Panama is bursting at the seams. The country's economy is rising, largely led by the construction boom. Many international big businesses are investing in Panama and people around the world are migrating to this small country for retirement. Panama City has given birth to skyscrapers and high rise housing complexes that glam up the skyline. The country still has hurdles to jump in the face of things like infrastructure and healthcare, but Panama has set a foot in the right direction and is trying with all its might to keep walking tall.

Managing in Chaos
Fortune, by Geoffrey Colvin  (September 19, 2006)
"Change is the only constant," goes the old adage. Yet, it seems to have fallen on deaf ears, especially in the dynamic business world of today. Many a giant, built on change-resistant strategies, are now faltering because of their xenophobic reactions to new, untested ways. And, as the change express comes round every four years, without any sign of slowing down, the business dynasties of old may be just that - old.

New Alchemy: Grass Into Fuel
International Herald Tribune, by Christopher Knight  (September 17, 2006)
As unflinching demand and scarcity cement oil prices at exorbitant levels, interest in biofuel is beginning to spike. Environmentally friendly, and cheaper than its black counterpart, it could be the stone that kills two birds. Yet, this gem is not without its rough edges. Due to budding demand and increased land usage, biofuel crops are gradually rising in price. Fortunately, research on wood and cellulose fiber is shedding light on a new generation of biofuel crops - one that could spell the beginning of the end for black gold.

How to Be an Outsourcing Virtuoso
Strategy+Business, by Vinay Couto and Ashok Divakaran  (September 14, 2006)
In contrast to what some were predicting only a short time ago, the outsourcing industry is experiencing a surge of growth and sophistication. The global services industry, which provides assistance in information technology, customer care, finance, human resources, engineering, procurement, real estate and facilities management, and data analytics, is expected to hit $641.2 billion in market value by 2009. This growth equates to nearly 11% per year, and with these kinds of figures, more and more companies are seeking out the "outsourcing virtuosos" to gain the knowledge needed to succeed in this industry.

Japan: Rising Sun, Setting PM
Fortune, by Clay Chandler and Cindy Kano  (September 13, 2006)
With a stable GDP growth of 2%, Junichiro Koizumi leaves the Japanese economy gleaming in the twilight of his political career. Yet, as the Japanese Prime Minister prepares to take his bow, a worrisome anxiety also descends upon the land of the rising sun. Peeking over the horizon are an increasingly greying population, and a grossly inflated debt-to-GDP ratio of 170%. And, with a potential successor more bent on political instead of economic reforms, Japan’s light at the end of the tunnel could be that of an oncoming train.

Trade Finance Goes Creative: Supply Chain Visibility Is Transforming Trade Finance
World Trade Magazine, by Robert J.   (September 4, 2006)
Unlike physical supply chains, their financial counterparts are still struggling to cope with offshore supplies. Financial institutions, unsatisfied with current supply chain visibility, are reluctant to fund necessary capital. Fortunately, this double-edged sword of off-shoring might soon be double-teamed. The innovative amalgamation of two traditional competitors - physical and financial supply chains - could bring forth a golden era, in which everyone from supplier to consumer lives happily ever after.

Why India Will Overtake China
Money, by Cait Murphy  (August 31, 2006)
For all its lauded, explosive growth, China's economic success might not be all it's cut out to be. Behind the Chinese shadow of shady bureaucracy and political repression lies a challenger waiting to pounce - India. Armed with confidence, freedom and cultural reforms, this emerging economic giant is anticipated to tame the Asian tiger. More than that, India is expected to surpass the already outstanding Chinese economic success.

Africa — Beyond Aid and Bono
The Globalist, by Ferial Haffajee  (August 22, 2006)
Many officials are now realizing that giving aid to Africa is becoming a failing solution. With years of Western aid flowing into Africa and relatively little progress, many are becoming to realize that aid is not the sole solution for Africa. The editor of South Africa's Mail and Guardian, Ferial Haffajee, believes that sustainable growth will be realized only when necessary structural changes are made.

Congestion, Skyrocketing Fuel Costs, and a Barrage of New Federal Regulations
World Trade Magazine, by Lara L. Sowinski  (August 1, 2006)
Escalating fuel costs and federal regulations are threatening to drag transportation rates through the roof. Coupled with congestions and ballooning travel times, the future seems bleak for the supply chain industry. Fortunately, these have given service providers an impetus to begin looking at creative means to combat this issue. From innovative vehicle designs, to simple idle times and traveling speeds, there is certainly no shortage of ideas. Even the government is chipping in, creating a national strategy for reducing congestion. All that remains to be seen is the human nature of problem resolution.

Challenges on the Road to Democracy in the Middle East (Part I)
The Globalist, by Alon Ben-Meir  (July 19, 2006)
Recently, there has been a growing emphasis on expanding democracy in the Middle East, but there are many challenges to address before doing so. The Muslim World has a history of authoritarianism, tribalism and religious and cultural sectarianism, which has complicated the introduction of democracy into the region. The author suggests that democracy must be introduced in a number of steps including gradual change and economic incentives. In addition, the introduction of a democracy should fit the needs of the country and should not be done on any definitive timeline.

Globalization and European Growth
The Globalist, by Jason L. Saving   (July 12, 2006)
The economies of the European Union (E.U.) and the United States (U.S.) have altered from one another over the course of the last 25 years. The U.S. experienced growth, while the E.U.’s economy was primarily stagnate. Now, the E.U. has to choose whether to strive for increased liberalization and global competition or to have a more closed economy as many European officials are wondering if globalization will work for them.

Building Brands in China
The McKinsey Quarterly   (July 11, 2006)
Complied by The McKinsey Quarterly, this special report addresses various aspects of Chinese consumers. The report addresses the demographic shifts associated with the emerging middle class, the challenges of keeping up with changing Chinese consumers, and the buying power of hard-to-reach consumers with hidden reserves. (Free registration is required to view this article.)

Forging a New Regional Architecture for Asia
The Globalist , by Lee Hsien Loong   (June 29, 2006)
Asian countries are experiencing increased stability through growing cooperation between a number of Asian countries. Together, this stability and cooperation has contributed to Asia’s growing influence on the rest of the world. Intra –regional trade now accounts for more than half of the total trade in Eastern Asia. Questions still remain on if Asia’s growing independence will lead to conflict with the West and how Asia will handle their new geostrategic leverage.

As the World Flattens
BusinessWeek, by Randall Frost  (June 21, 2006)
Globalization was once believed to threaten to bring the end of local culture and markets. But as globalization expands to the remote ends of the earth, it is bringing a renewed interest in local cultures and traditions. Some analysts believe that cultures around the world are responding to the economic change at a better than expected rate. The country of Thailand has been able to experience renewed interest in the history, language, literature, and culture of their local ethnic groups.

Is the EU Destined to Fail?
The Globalist , by Charles Kupchan   (June 16, 2006)
Some critics are now starting to question the viability for the existence of the European Union (E.U.). Over the course of the past couple of years, the E.U. has suffered a large number of set backs. The proposed European constitution last year was rejected by both France and the Netherlands, effectively ending the initiative of a uniform constitution. Economic nationalism and protectionism is on the rise within the E.U. as France, Spain, and Poland took measures to protect their national industries from takeover. Also, national boundaries have been rebuilt as there is increased hostility towards immigrants.

The Global Benefits of Biofuels
The Globalist  (June 15, 2006)
With rising energy prices recently, there has been a greater push for the use of biofuels, which would benefit both the environment and developing nations. Of the world’s 47 poorest countries, 38 import oil, while many of these countries have significant amounts of agricultural goods. According to The World Bank, biofuels require about 100 times more workers per unit of energy produced as compared to fossil fuels. By switching to biofuels, poorer countries could boast higher employment rates and greater use of their own resources.

Pandemics and the Global Response
The Globalist, by Jeffery Matsu  (June 7, 2006)
In 2003, the SARS outbreak brought concerns of a global health pandemic. Now 3 years later, only 30 percent of corporations have created contingency plans to address the issue of disruptions caused by a pandemic health issue. Disruptions, such as a pandemic health outbreak, could seriously halt the global economy, which generates 12 trillion dollars in annualized trade flows. In most industrialized nations, private corporations account for 80 percent of the gross domestic product (GDP), which is crucial to consider for any effective public health policy.

The FIFA World Cup 2006
Forbes, by Paul Maidment  (June 5, 2006)
Forbes.com has compiled a number of articles pertaining to the 2006 FIFA World Cup in Germany from multiple viewpoints. Special focus is given to corporations involved with the tournament, in addition to the effects of modern technology on the tournament. The implications of corporate marketing are also investigated, as is the player’s motivation to play well in the tournament.

Russia Through the Vodka Glass
The Globalist , by Alexi Bayer   (June 1, 2006)
Published by theGlobalist, this three part story provides analysis of how “vodka economics” could have contributed to the Soviet Union’s demise. The article analyzes on how the three ruble price tag on a bottle of vodka became the common price for many goods and services. The series is completed by Vodka Part II: Sobering Up the USSR and Vodka, Part III: Market Riches After Communism.

Malaysia Focused on 2020 Vision
BBC News, by Gavin Stamp  (June 1, 2006)
In 1991, Prime Minister Dr. Mahathir Mohamad stated his vision of a fully developed Malaysia by 2020. Now fifteen years later, Malaysia has a thriving economy that has experienced positive growth in all but one year since 1991. In addition, several industries are becoming competitive in the global market and the country is becoming a key player in Asia. An improved transportation system has been installed and a growing number of multinational corporations are looking to conduct business in the country.

How Sturdy Are BRICs?
BusinessWeek, by Sonja Ryst  (May 31, 2006)
Many analysts are starting to have doubts in BRIC (Brazil, Russia, India, and China) Investments. While the BRIC nations are growing in global prominence, so is their volatility. Some analysts are comparing BRIC Investments to previous emerging market investments, which include the failures of the Tequila Crisis of 1994, the Asian crisis of 1997, and the Russian crisis of 1998. The source of this volatility stems from the doubt that BRIC nations can continue to experience growth while maintaining a current-account surplus.

The Facts and Figures behind the Fortunes of India and China
BBC News  (May 25, 2006)
With one in three people in the world living in either China or India, it is important to place their economies into perspective. Both economies are growing at a rapid pace as well as their importance in the global economy is increasing. BBC News has compiled a detailed report that compares and contrasts the population, ageing societies, economies, and living standards in each of the countries.

R&D Offshoring: Is It Working?
BusinessWeek, by Pete Engardio  (May 10, 2006)
A recent survey of 186 of some of the largest corporations found that 77% of them will place new research and development (R&D) centers either in India or China within the next three years. A recent study by Booz Allen Hamilton and France's INSEAD business school found that companies are placing R&D facilities in India and China because they are either closer to their manufacturing plants or the large amount of cheap highly qualified labor. The only problem that remains is that companies haven't fully integrated the brainpower potential that exists in China and India.

Emerging Alternatives in the Global Apparel Industry: Just Garments and the Single Mothers' Co-operative
Briarpatch, by Daniel Martinez and Claudia Quintanilla  (May 1, 2006)
Workers in developing countries have been subject to the whims of large multi-national corporations when it came to job stability. Few multi-nationals works with unionized labor forces and often relocate production to the lowest cost producer, leaving previous employees to fend for themselves. In the textile industry, the last few years has witnessed the emergence of such companies such as Just Garments, single Mothers’ Co-operative, No Sweat, and JustShirts. These companies strive to provide workers with better working conditions and targets conscientious consumers who are willing to spend more to promote worker rights. However, there are challenges in obtaining enough production volume and maintaining profitability. With the help of NGOs in the developed world, a few co-operatives have managed to survive.

A New Organizational Model For Airlines
The McKinsey Quarterly, by Yael Heynold and Jerker Rosander  (May 1, 2006)
As large aviation companies diversity their businesses into related areas due to increased competition, new challenges have arisen. Increased organizational complexity has led to decision-making bottlenecks at the top of some companies. In addition, top executives’ focus on the core passenger airline has led to a lack of attention to emerging opportunities in higher-margin businesses. To solve these problems, McKinsey suggests companies change from a functional organization model to a business unit model. Note: To view this article a free registration is required.

Hostile Takeovers, Euro-Style
BusinessWeek, by William Boston  (April 21, 2006)
Unsolicited bids, previously used primarily by American corporations, are now becoming popular within Europe. Over the past four months, European companies have launched 13 hostile and unsolicited takeovers worth 193 billion dollars. Some reasons for the rise in the number of hostile takeovers stem from increases in the number of publicly listed companies and the number of European executives that have received MBAs in America. In addition, globalization has brought more competition and an increase in the number of hostile takeovers originating overseas.

The Good in Globalization
International Herald Tribune  (April 10, 2006)
The Federal Reserve Bank of Dallas set out to discover what type of relationship exists between globalization and public policy. The study ranked 60 countries by degree of globalization. Then, the ranked countries were divided into 4 groups in order to understand how each fraction performed on policies that shape economic performance. The study found that the more globalized nations use policies that achieve faster economic growth, lower inflation, higher incomes and greater economic freedom. The least globalized countries, on the other hand, make use of policies that interfere with markets and lead to stagnation, inflation and diminished competitiveness.

Oil and Petrol
The Guardian   (March 14, 2006)
The Guardian has composed a special report titled, “Oil and Petrol”. The report contains a number of articles pertaining to oil consumption, new oil field discoveries, products that conserve oil, and many more items. Articles are continuously added to the report as they are written. Also contained within the special report are interactive guides on such topics as “Arctic Oil Exploration” and “Conflict with Iraq-Oil Reserves”. In addition, links are provided for oil producing nations and the major corporations within the oil industry.

Dominican Republic 2006
Financial Times  (March 10, 2006)
The Dominican Republic is the most popular tourist destination in the Caribbean. In addition, its economy has been in revival since the election of center-left President Leonel Fernández. However, it continues to face challenges in creating jobs and reducing high poverty levels. Financial Times provides an extensive analysis of Dominican Republic, highlighting issues such as energy, government, banking, tourism, and free trade. Relevant statistics are also provided ranging from foreign aid to crime.

Making China Your Second Home Market
The McKinseyQuarterly   (March 7, 2006)
Many companies are now targeting China as a second home market. Companies within both the European Union (EU) and the United States are looking to set up operations in China, as consumer demand is growing at an increasingly rapid rate. In addition, China offers low wages which will allow companies to sell some of the Chinese output around the world while selling products locally at a considerable markup. (Free registration required to view the article.)

The Future of Outsourcing
BusinessWeek  (January 30, 2006)
BusinessWeek recently comprised a section focused solely on Outsourcing, with a number of articles on the topic. The history, problems, benefits, and future of outsourcing are all talked about in depth. Specific industries are mentioned as possible candidates to conduct more operations overseas, while particular regions are indicated to be the most likely recipients of this new outsourcing. Special focus it made on current Outsourcing cases such as, “Can Latin America Challenge India?” and “From Russia with Technology?” (Free registration is required to view the articles)

China's Five Surprises
strategy+business, by Edward Tse  (January 18, 2006)
China has been the fastest-growing economy the last ten years, but many believe that the past is not the best gauge to use for the future. With its 9 percent Gross Domestic Product (GDP) increase annually over the past twenty years, China is predicted to be the world’s largest economy by 2030. With this growth, there are five predicted “surprises” in China’s future: China’s move beyond being low-cost commodities producer, its emphasis on rapid-fire research, ability to attract and retain high level executives around the world, a move away from connections and ethnic background to conduct business, and becoming a catalyst of sustained economic growth in the emerging markets of the developing world.

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2005

Emerging Markets: Beyond The Big Four
BusinessWeek  (December 26, 2005)
Many investors have focused their attention on Brazil, Russia, India, and China (BRIC) as the fastest-growing economies, but there are other countries that are promising emerging markets. Egypt, Mexico, Poland, South Africa, South Korea, and Turkey all have impressive growth, but not quite the population as the BRIC nations. All of the smaller countries are making dramatic economic improvements, such as Turkey’s attempt to gain admission to the European Union (EU), but also have a large amount of risk. These countries tend to have very little liquidity in their economy and thus investors could see prices tumble, maintain, or even skyrocket.

Final Round for Global Trade Deal
BBC News, by Steve Schifferes  (December 21, 2005)
With the end of the Doha round of trade talks, it appears that the world’s leading economies are unprepared to reach a deal that will unlock trade globally. As the United States has a growing trade deficit and European economies are still suffering from slow growth, many leading countries are feeling protectionist pressures not to expand trade globally. It appears as though Europe’s farmers are unready and unwilling to have European agricultural subsidies reduced and eventually eliminated by 2013, which is the current deadline set by the World Trade Organization (WTO). As world trade negotiations have stalled, some countries are still establishing regional and bilateral trade deals to meet their own objectives, like the United States and China. Many are predicting that 2006 will be a pivotal year if the 2013 deadline for the elimination of agricultural subsidies will be maintained.

The Paradox of Plenty
The Economist   (December 20, 2005)
Many African countries are rich in diamonds, gold and oil, but much of the African population lives in poverty. Often times, African governments spend the proceeds from these precious materials immediately, even though the income fluctuates largely over time. New stabilization policies have recently been implemented to create a cushion fund. For example, when oil prices are high, revenues are set aside in this fund and when oil prices drop, the money in the fund is used to soften the drop in income. It is hoped with these new economic efforts, stability and prosperity will soon be present in Africa. (subscription required)

Ruses that Spring from Brazil's Woes
BBC News, by Robert Plummer   (December 14, 2005)
As Brazil becomes increasingly involved with global trade, it will face a number of difficulties. Currently, there is a tremendous amount of underemployment within the country. Underemployment is when there are jobs within the economy that do not contribute to productivity, such as a person to assist you at press a button in an elevator. In addition, there is a considerable amount of fraud, bribery and corruption occurring within the nation, as it ranks sixty-second in the annual corruption perception index of Transparency International in 2004.

Global Survey of Business Executives: Inflation and Pricing
The McKinsey Quarterly  (December 6, 2005)
In a McKinsey Quarterly survey, executives around the world were asked about their expectations for inflation in the coming year. Almost half predict that the inflation rate in their country will raise one percentage point over the next year, while more than half of the executives say they will not be able to raise prices. This article provides detailed graphs of the data collected in the survey and information about possible drivers behind the inflation.

How France can Win from Offshoring
The McKinsey Quarterly, by Tony Blanco, Diana Farrell, and Eric Labaye  (December 5, 2005)
French companies have been slow to offshore service functions because of practical hurdles and regulatory constraints, but research from the McKinsey Global Institute (MGI) reports that policy makers should aim to make the most of offshoring. Compared to other countries, such as the United States, United Kingdom, and Germany, France is a newcomer to offshoring. To capture benefits from offshoring, France must help its companies create higher-value jobs and make it easier for its laid-off workers to find new employment. The MGI offers further analysis and many suggestions in this detailed article. (Free registration is required to view this article)

Don't Blame Trade for US Job Losses
The McKinsey Quarterly, by Martin Baily and Robert Z. Lawrence  (November 11, 2005)
This special report from The McKinsey Quarterly examines productivity and performance in the United States' economy. Through detailed analysis, researchers found that it would be wrong to believe that foreign competition accounts for U.S. job loss since 2000. The real causes of the weak growth rate can be attributed to weak domestic demand, rapid productivity growth, and the dollar's inadequate strength. Research shows that falling exports, not rising imports, were to blame for the 11 percent loss of jobs due to trade. Read the article to find in depth results, see visuals of the research, or access links to other resources. (Free registration is required to view this article)

Dark Clouds Over Doha
The Economist  (November 10, 2005)
Next month, trade negotiators will meet in Hong Kong to continue talks about the Doha Development Agenda. Economists were hoping to have made an agreement before the World Trade Organization (WTO) talks started in Hong Kong (which will take place December 13 through December 18, 2005), but the Geneva meeting ended without progress on November 9th, and negotiators announced they had been unable to come to agreement over agriculture. The disagreement is mainly between the rich countries (United States, European Union, Japan) and the developing ones (G20). In the past, many poor countries have been denied the benefits of free trade, as rich-world farm protections have locked them out of the main markets where they have a comparative advantage. Negotiators hope to find common ground about farm subsidies, exports, and trade barriers in Hong Kong. (subscription required)

Sizing the Emerging Global Labor Market
The McKinsey Quarterly, by Diana Farrell, Martha A. Laboissière, and Jaeson Rosenfeld  (November 1, 2005)
The developing global labor market has practical implications for companies and countries alike. The problem is that executives and policy makers have little information and insight about this market, and therefore they run into problems when trying to make decisions about off-shoring. Executives understand that the more efficiently the emerging global market functions, the more value will be created for their companies by allocating resources economically. It must also be noted that some occupations are more amenable than others to relocate, and compared to the number of jobs that could go offshore, only a small number of jobs actually do. This could change very quickly as the supply of qualified workers is large and growing fast. (Free registration required to view this article)

What's to stop India and China?
The Economist  (October 27, 2005)
China and India have both seen considerable growth recently with nine and a half and seven percent, respectively last year. Though, even with this growth, India feels as though it is being left behind. In the early 1990’s tariffs were slashed, exchange controls scrapped, and business red tape was cut. Now, India needs a large amount of supply-side reforms to continue development to be on pace with China. Growth is predicted for China as long as they ensure that the political unrest does not grow as they had over 74,000 public disturbances last year alone.

When Lightning Strikes: how to maintain a business as usual in unusual times
The Economist  (October 27, 2005)
The growth of outsourcing has recently become a fundamental issue in business continuity planning. With an increased use of global supply chain, it is crucial for companies to implement a contingency plan in case "lightning strikes." This year alone, New Zealand has issued a pandemic planning guide in preparation of an avian flu outbreak. Also, companies around the Gulf of Mexico have learned that strategies need to be in place before the storm season hits. Outsourcing is making continuity planning more complex, but it is important to remember that good planning can save both money and lives. It is a good idea to prepare for disasters ahead of time, rather than deal with the disruptions when they actually occur.

The McKinsey Global Survey of Business Executives, October 2005
The McKinsey Quarterly  (October 26, 2005)
The McKinsey Quarterly released a survey in October that reported executives' outlook for the global economy. The survey concluded that confidence has fallen in the last three months for the United States, but confidence for the rest of the global market remains unchanged. The survey included input from over 5,800 executives from 128 countries, and it was conducted right after Hurricanes Katrina and Rita hit the United States. The United States executives' responses proved to be much less optimistic this month compared to earlier surveys, but it was only somewhat lower than what it was six months ago. Other respondents were less confident about their national economies over the past six months as well. This article includes graphs of the survey's data and links to related articles. (Free registration required to view this article)

The Arctic's New Gold Rush
BBC News, by Paul Reynolds   (October 25, 2005)
Competition for the North Pole is increasing as many scientists are predicting that the Arctic ice cover will thaw because of global warming. Many believe that the North Pole contains oil and other precious natural resources. The United States, Canada, Russia, Norway and Denmark have all laid claim to parts of the North Pole, with much of the Pole claimed by two or more countries. Presently, the United States uses a northern route across the North Pole for shipping, which could become more important if the ice cap melts, making the route more accessible. Ultimately, it will be a decision that the United Nations Commission on the Limits of the Continental Shelf will have to make and decide who will have ownership to the North Pole and the resources it contains.

China Builds Its Dreams, and Some Fear a Bubble
The New York Times, by David Barboza  (October 18, 2005)
With building booming, some analysts fear that China is building too fast and could see the real estate bubble pop. This year alone, at least 4.7 billion square feet of commercial and residential construction will be completed. Shanghai, for example, already has 4,000 skyscrapers and is expected to have another 1,000 built by the end of the decade. The largest amount of construction is comprised of high-rise luxury apartments, in which some residents are spending as much as $5.3 million for an apartment. In the next five years, approximately 75 million farmers are expected to move into cities across China. (Free registration is required to view the article)

Designing Dream Machines—In India
BusinessWeek  (October 17, 2005)
As automakers and auto suppliers are under increased pressure to become profitable, many have elected to outsource some of their design work. Numerous engineering firms in India are ready for the business with staffs usually numbering in the hundreds or thousands. Within five years, India’s contract industrial engineering revenue is forecasted to jump from $500 million currently to over $10 billion. At present, most of the work being outsourced is tedious engineering tasks such as testing for design flaws, but these Indian firms are getting into larger parts of the development cycle.

Turning on the Tap: Is Water the Next Oil?
Knowledge@Wharton , by Garry Emmons  (October 17, 2005)
More than a billion residents of planet Earth lack basic water-sanitation for their drinking water. Only about one percent of the water on the planet is both fresh and accessible. Many agricultural and industry experts believe that the water supply is limited and currently there is a tremendous amount of waste in normal water usage. Some project that with the global population skyrocketing; the demand for water to sustain, feed, and employ the world's people will double by 2025. Water currently is a $400 billion global industry and is expected to grow substantially in the future.

Waiting for the Petrodollars to Trickle Down
The New York Times, by Eduardo Porter  (October 16, 2005)
As crude oil prices have recently soared, oil-importing countries, like the United States, have transferred more money to oil exporting countries such as Saudi Arabia and Venezuela. This extra money is enormous as oil export revenues will be around $400 billion this year. With these large sums of money, many economists are debating how these countries will spend the excess revenue. The countries can either spend the funds on material goods or invest them, each making its own benefit and drawback. (Free registration is required to view the article)

The Battle Over Trade
BBC News  (October 7, 2005)
BBC News has compiled an assortment of articles and graphs that deal with the ongoing concerns of international trade. This special report gives an in-depth look at top trade stories and key issues that deal with drugs, farming and textiles. Visit this site to learn more about world trade rivals, regional viewpoints and World Trade Organization (WTO) regulations.

Processed Foods? Read This, France Says
The New York Times, by Doreen Carvajal  (October 3, 2005)
Soon France will be the first country to require health messages on all television and radio advertisements that promote processed foods. Next year the mandatory nutrition messages will start appearing as a result of the public health legislation passed in 2004. Companies have on option of eliminating the message for a fee that equates to 1.5 percent of the total cost of the advertisement. It is an attempt to solve France’s increasing obesity rates among adults and children. Many advertisers fear that this requirement will shift more advertising dollars into print material. (Free registration may be required to view this article)

Fulfilling India's Promise
The McKinsey Quarterly  (October 1, 2005)
India is making a remarkable economic transition that is effecting consumers and businesses alike. Since 1991, India's economy has more than doubled. This increase in demand provides excellent growth and opportunity for both local and foreign companies. This special report from "The McKinsey Quarterly" takes a look at the changing economy, as well as examines some of the challenges facing the country. There are also links to other articles about India, as well as interactive exhibits that illustrate aspects of India's economy. (Free registration required to view these articles)

The Cauldron Boils
The Economist  (September 29, 2005)
As China continues to develop, there seems to be an increasing amount of political unrest. Last year alone, there were more than 74,000 protests, involving more than 3.7 million people, a significant rise from the 10,000 protests they had just a decade ago. In an effort to curb these protests, the Communist Party has assembled a “special police” whose sole responsibility is to respond to any mass protests that become confrontational. (subscription required)

Juddering
The Economist  (September 29, 2005)
Recent findings are pointing to an economic slowdown and possibly even a recession within the United Kingdom (UK). The gross domestic product (GDP) growth for the UK has been much lower than expected, marking its slowest growth in twelve years at 1.5 percent. In the first half of 2005, the manufacturing industry slid into a recession showing a tough economic environment. Households are running down their savings and increasing debt as they are spending approximately 150% of their disposable income, marking a new record high.

Europe Circles the Flat Tax
BusinessWeek  (September 26, 2005)
Many Western European countries are considering switching to a flat tax, a uniform tax rate regardless of income, after East Europe’s success. Many former Soviet bloc countries have enacted flat taxes since the mid 1990s and have attracted vast amounts of foreign investment. Currently, Western Europeans are the most heavily taxed people on the planet, and a flat tax would eliminate much of the tax complexities that exist. For example, France offers 560 tax breaks and Britain has doubled the number of their tax regulations since 1997. (Free registration is required to view the article)

Europe's Direction Is Unclear, Much as Germany's Is After Vote
The New York Times, by Craig S. Smith  (September 20, 2005)
Internal problems within France and Germany's private governments are causing delays in establishing the European Union's (EU) constitution. France and Germany are, by tradition, the forces behind the EU. Since the two countries are currently focused on domestic issues, the EU is left without an adept leader. Germany's election this past Sunday left no party with a clear mandate, and as Germany sorts out who will be in charge, the rest of Europe will have to remain idle. Many commentators worry that the European vision- having one voice for international affairs that is backed by a military capacity- will fade away due to the delay in finalizing the constitutional project. The lack of European leadership is also expected to cloud talks about Turkey's membership in the union, scheduled to start October 3.(Free registration is required to view this article)

The Railway Across the Roof of the World
The Guardian, by Jonathan Watts   (September 20, 2005)
China is in the process of completing a new railway that links Xining and Tibet. The railway is a project that China wanted to complete to show that today's China can overcome the challenge of 5,000m-high mountains, 12km-wide valleys, and hundreds of kilometers of ice and slush that could never support tracks and trains. This nation on the move should have the remainder of the world's highest railway done next month, three years ahead of schedule. Chinese engineers will lay the final section of track on a line stretching to Lhasa, across the roof of the world. Test runs will begin on the new line next July and commercial services are scheduled to begin within two years.

A Low-Cost Energy Future
BusinessWeek  (September 20, 2005)
BusinessWeek has produced a Special Report to address the rising costs of energy by exploring future energy possibilities. Part of the report focuses on possible areas that energy is wasted like in the home and car and provides “simple fixes for saving energy”. In addition the report looks into alternative energies and their current status and the practical ability for these new energy sources to be used in the future.

Are We on Course? Success and Failure for the UN's 2015 Development Targets
BBC News  (September 14, 2005)
The United Nations set the Millennium Development Goals in 1990, which are a set of targets to reduce global poverty and improve standards around the world by 2015. BBC News has broken down each of the Millennium Development Goals to gauge the progress since 1990 and what still needs to be done by 2015 to attain each of the goals. The report is broken down to subsections about poverty and hunger, education, gender equality, child mortality, maternal health, combat disease, environment, and global partnership.

The Airline Industry
The Guardian  (September 12, 2005)
The Guardian has drawn together various articles that take a deeper look at what is currently going on in the airline industry, particularly in Europe. The special report explores the recent trend of low-cost carriers, such as Ryanair, and also examines the increasing fuel surcharges on long-haul flights due to the effects of high fuel prices. This special report contains different observations and perceptions, as well as provides a better understanding of new advances within the industry.

The Global Car Industry: Extinction of the Predator
The Economist  (September 8, 2005)
The global car industry is going to experience some major changes in the near future. Some experts predict that over the next twenty years more cars will be made, than in the entire 110-year history of the industry, because of controversies over high fuel prices and fuel-guzzling SUVs. It is also predicted that the motorization of China and India will result in China replacing Japan as the second-largest national market after America. This news will probably result in a revamping of the way the car industry operates. Some experts believe that famous carmakers will own the technology and brands, while manufacturing and distribution will be contracted out to engineering manufacturers. The consolidation of car companies over the last couple decades will come to a halt, and this will give way to swifter, smarter carmakers that will reshape the global industry. (subscription required)

Alarm Growing on Storm's Cost for Agriculture
The New York Times, by Alexei Barrionuevo and Jeff Bailey  (September 8, 2005)
The recent damage to the Port of New Orleans, brought on by Hurricane Katrina, is causing American farmers to worry that they may soon experience a serious financial blow. The farmers rely heavily on transportation on the Mississippi River, and since the port is damaged, and may be for quite some time, it doesn't look like the farmers will be able to use the waterways for exports. In fact, there are many barges stranded on the Mississippi River because they have no place to go. American farmers must also endure the higher price of fuel for harvesting and transporting crops. This year's problems are in no way a repeat of last year's good fortune in the farming industry. The damage from Hurricane Katrina will bring about billions of dollars more in government payments to farmers. Next week the House and Senate Agricultural Committees will discuss a previously planned $3 billion cut from the federal budget, but that decision may be swayed because of the recent devastation. (Free registration required to view this article)

Tiptoeing Across the Border
The New York Times, by Graham Bowley  (September 7, 2005)
Americans retailers continue to enter the Canadian market as Canada has recently seen their first indoor mall built within the past decade, the new Vaughan Mills Mall. Experts believe that even though the number of American merchants conducting business in Canada is increasing, only about a third of the top one hundred American brands have established shop in Canada. Many retailers are staying out of Canada because of complications with geographical and cultural issues. Most of the population lives in rural areas with only a small percentage of the population living in urban areas. In addition, the staff in the retail industry often times have to be bilingual and the labels on merchandise have to be printed in both French and English because both the languages are present in Canada (Free registration required to view article).

Fulfilling India's Promise
The McKinsey Quaterly  (September 1, 2005)
The McKinsey Quarterly has produced a Special Report focusing on economic possibilities within India. The report consists of both free and subscriber only articles from a variety of perspectives within the academic community and the business environment. Special attention is paid to India’s ability to continue offshoring activities into the future as well as evaluating the manufacturing market with the country.

Zimbabwe and the IMF
BBC News  (September 1, 2005)
BBC News has complied a special report that investigates Zimbabwe and its present problems. Currently, officials of the International Monetary Fund (IMF) are laying groundwork to determine whether Zimbabwe should be expelled from the organization because of a number of unpaid debts. BBC News have complied a series of articles from different views and perspectives about the current issues within Zimbabwe and predictions for the future.

China and India
BusinessWeek  (August 22, 2005)
With a combined population of over two billion, China and India represent roughly one third of the world's population. It is little wonder that much of the business community of captivated by their simultaneous economic boom. In this special report, BusinessWeek attempts project the future growth of these two countries and the potential pitfalls they will face along the way. Regardless of how the future unfolds, these two economic giants will play an increasingly important role in the global economy.

How Long Can the Good Times Last for the Shipping Industry?
The Economist  (August 18, 2005)
With increased trade, the shipping industry is seeing record profits with $80 billion last year alone. Rates for transporting oil in very large tankers are at twice their level since the 2001-2003 period. The market capitalization of the tanker industry was a mere $2.5 billion in 2000, but it currently stands at $20 billion. However, many analysts predict that the industry will falter even with the increases in trade. With record profits, the shipping industry has been expanding their capacity aggressively through new ship orders. But even as growth is expected to be 9% next year, many predict that supply will overshadow demand in 2006. (subscription required)

Asian Markets Reap Benefits From Revalued Chinese Currency
The New York Times, by Wayne Arnold  (August 12, 2005)
Many Asian markets are seeing benefits from the recent revaluation of the Yuan. During the past month, foreign investors have invested close to six billion dollars in Asia’s stock markets. In the past week alone, foreign fund managers have purchased over 519 million dollars worth of stock in Taiwan. The countries seeing the most investment are Taiwan, South Korea, India, Thailand, Indonesia, and the Philippines, Hong Kong, Singapore, and Malaysia. A higher Yuan has come to mean that other Asian currencies will rise in value as well (Free registration is required to view the article).

Falling Out of Love
The Economist  (August 4, 2005)
China and Brazil have recently faced political and economic confrontations. Although the two countries agreed to a "strategic partnership" at the end of 2004, that relationship is now experiencing tension. The pace of the $10 billion infrastructure investment from China has been slow and Brazil has drafted new "safeguards" for its domestic textile industry targeted specifically at China. This report analyzes these various relationship problems and finds the blame to be shouldered by both countries. The illusions of a perfect economic marriage are now long over. Reality may be harsher but the opportunities for partnership are still valid. The Economist takes a deeper look at the issues troubling this Sino-Brazilian courtship.

Powering the Future
National Geographic, by Michael Parfit  (August 1, 2005)
National Geographic’s cover story for its August issue centers around the alternative energy industry. It looks into the possibilities of nuclear (fission and fusion), solar, and wind power. Careful analysis of each market and industry provide insights to possible business investments. The article looks at the technical and political barriers that each energy source faces and possible public policy solutions. Apart from generators, National Geographic also looks at biofuel and its potentials as a replacement for fossil fuels.

An American Perspective on the U.K. Financial Services Authority: Politics, Goals and Regulatory Intensity
Harvard Law School, by Howell E. Jackson  (August 1, 2005)
The organizational structure of the British and American financial supervision has differed significantly over the past decade, even though there are similarities in their financial regulations. The United Kingdom has strived to centralize its financial regulatory agencies into a parent organization called the Financial Services Authority. On the other hand, the United States has maintained their highly decentralized and fragmented collection of financial supervisory agencies. The paper explores the reasons, in depth, why financial regulations have differed between the two countries recently.

European Union's New Members Await the Spoils of Defeat
The New York Times, by Graham Bowley  (July 19, 2005)
With the addition of the ten new member states into the European Union, the structure in which aid is given to countries is changing. The ten new counties will receive about 10 billion euros in investment through next year, giving countries like the Czech Republic an overflow of money to improve its infrastructure and improve programs to assist businesses. While these new members are receiving more money, Ireland and Spain’s amount of aid received is dwindling after years of receiving the bulk of the European Union’s aid allotment (Free registration required to view article).

G8 Summit 2005
BBC News  (July 19, 2005)
The BBC created a webpage that focuses on the recent G8 Summit in Gleneagles, Scotland. The G8 consists of the leaders of eight industrial nations, which include the United Kingdom, Russia, Germany, Japan, Italy, Canada, France, and the United States. The site contains links to close to fifty articles pertaining to the G8 Summit in Gleneagles from an array of perspectives and includes a wealth of information. Issues, protests, and agreements are all highlighted and written with reference to the summit.

A Lot of Cash in a Very Poor Nation: Welcome to the Mall
The New York Times, by David Rohde  (July 19, 2005)
With the recent opening of Bashundara City, an enormous mall in downtown Dhaka, many Bangladeshis flooded to the mall to see the modern marvel. With over 2,000 retail stores, developers are claiming that the eight-story mall to be the biggest in South Asia. The mall took six years to build and contains a movie theater, a BMW dealership, restaurants, and an amusement park. The only problem is that only 5 to 6 percent of the people are wealthy enough to shop at the mall regularly, further dividing the rich and the poor (Free registration is required to view the article).

Identify Emerging Market Opportunities
HBS Working Knowledge, by Tarun Khanna, Krishna G. Palepu, and Jayant Sinha.  (July 18, 2005)
Businesses looking to expand overseas often have to face the difficult choice of choosing the right country for their business. HBS Working Knowledge provides a summary of a recent model developed by Tarun Khanna, Krishna G. Palepu, and Jayant Sinha. The three authors provide a “five contexts framework” centered on political and social systems; openness; product markets; labor markets; and capital markets. They contend that although industry factors such as degree of competition, scale economies, and entry barriers are important, they are unique to each country. These factors provide little information when comparing the same industry across different countries. Thus, the article recommends that businesses analyze industry structures only after they understand a country’s institutional context.

Foreigners welcome
The Economist  (July 7, 2005)
Since the election of Susilo Bambang Yudhoyono, Indonesia has made an effort to create a friendlier environment for foreign businesses. However, despite a 50% increase in foreign direct invest for the first quarter of 2005, many investors are still wary of the arbitrary behavior of the government. In addition, three cases dealing with CEMEX, Karaha Bodas, and ExxonMobile are still unresolved. The resolution of these three cases will help determine the entrance of foreign businesses in Indonesia in the future. (subscription required)

The Shape of Things To Come?
The Economist  (July 7, 2005)
Rising oil prices and increasing pressures from environmentalists to reduce carbon emissions has led to a surprising group of supporters for the creation of new nuclear power plants. The Economists looks at the variables that have impeded nuclear growth in the past and how those variables have changed. In relation to the economics of nuclear energy, factors such as high oil and natural gas prices are main reasons why there has been increased interests in nuclear energy. (requires subscription)

The Dragon Tucks In
The Economist  (June 30, 2005)
Recent acquisitions of foreign firms by Chinese corporations are reminiscent of the 1980s when Japan went on its own shopping spree. Companies are crying foul play as many of the Chinese firms are state-owned and there are undue worries of Chinese global economic domination. Analysts point out that most Chinese firms are ill equipped to manage their new acquisitions. The lack of long-term management strategies and management expertise are issues that Chinese firms must face. (requires subscription)

Name Goods in China but Brand X Elsewhere
The New York Times, by David Barboza  (June 29, 2005)
Chinese companies are trying to make inroads into the United States and across the world with a new innovative approach. Instead of the traditional expansion through the growth of a company, Chinese companies are buying up companies like I.B.M. (personal customer business), Maytag, and RCA for their brand name. The companies are buying out venerable brand names because even though China and Chinese companies dominate consumer product exports, most goods are being shipped abroad with foreign brand labels. Chinese companies do not have a “brand” and are considered with a low-end product image, similar to when Japanese and Korean companies initially came into the U.S. Only time will tell if these mergers will work for the Chinese companies, as many analysts are skeptical since most mergers fail, especially international mergers (Free registration is required to view the article).

What's Behind BoA's Bold Move into China?
Knowledge@Wharton  (June 29, 2005)
There has been much attention given to foreign acquisitions by Chinese corporations. However, foreign companies are also investing in Chinese corporations. One example is the Bank of America (BoA), which just bought a nine percent stake in China Construction Bank (CCB) for $3 billion. In this article, Wharton takes a closer look at the potential benefits and shortfalls that await the BoA. Closely studied are the reforms that the CCB needs and the potential clash of interests between BoA and CCB managers. (free subscription required)

China's Economic Brawn Unsettles Japanese
The New York Times, by James Brooke  (June 27, 2005)
The relations between China and Japan are becoming increasingly strained as a series of anti-Japanese protests were staged in many Chinese cities in April. In turn, Japanese investors are now reluctant to make further investments in China as export growth to China has stalled. Recent survey confirm this thought, with the percentage of Japanese companies planning to expand operations in China dropping from 86 percent in December to 55 percent currently. By 2050, China’s economy is expected to be about 30 times the size that it is now, while Japan’s economy will see little growth. But, as labor costs rise in China, India is becoming a more attractive place to conduct business operations (Free registration is required to view the article).

In Come the Waves
The Economist  (June 16, 2005)
Housing prices across the world have been increasing at a staggering rate in such countries as the United States, Britain, Australia, France, Spain, and China. But with worldwide house prices on the rise many predict that the “housing bubble” will soon burst. In the past five years, residential property in these countries rose $30 trillion or the equivalent to approximately the equivalent of the countries’ combined gross domestic product (GDP). Slowdowns have already been seen in Britain and Australia, and many predict that the United States will be the next to see housing prices to fall. (subscription required)

What Really Ails Europe (and America): The Doubling of the Global Workforce
The Globalist, by Richard Freeman  (June 3, 2005)
Within the past fifteen years the global labor force has essentially doubled in size because China, India, and the ex-Soviet Union have all embraced market capitalism. Even though there is an addition of approximately 1.47 billion workers in the global labor force, the amount of capital remains unchanged. Because of the low wages and numerous workers in China, it is impossible for Mexico, Columbia, or South Africa to compete in manufacturing as they all boast the same worker productivity. China and India have seen an increase in the number of college graduates in each of the countries, making the two countries very attractive to have research and developments centers for multinational companies locate there.

Dream Machines
The Economist  (June 2, 2005)
As China continues to develop as a country, the demand for automobiles are increasing at a staggering rate. In 2002 demand rose 56% and 2003 demand soared 75% from the year before, but now the demand has stabilized to a 10-15% growth per year. To cope with the increase of automobiles on the road, approximately ten million private vehicles as of now, the Chinese have been spending billions of dollars to expand their highway network. Though automobile ownership is less than one percent of the population, it is expected that soon many Chinese will opt for an automobile instead of the traditional bicycle. Because of the growth, China is also experiencing rolling brownouts and has coped with the problem through a increase in the purchase of generators; more information can be found in article published by BBC news, entitled (subscription required) “Plugging into China’s Energy Gap”.

Sudden Siesta In Spain
BusinessWeek  (May 30, 2005)
Spain is experiencing an economic slow down after eleven years of growth with decreasing unemployment and improved standards of living. Experts attribute the slow down to high wages, stating that Spain has outgrown its low-wage model that helped to attract foreign direct investment. Spain is also seeing aid decrease from the European Union (EU) in 2007 and by 2013 Spain will be a contributor to EU aid funds. Warnings signs are seen through inflation number, though only 3.5%, it is about one and a half percentage points above the EU average and Spain has a growing current account deficit presently at five percent of their gross domestic product.

China, New Land of Shoppers, Builds Malls on Gigantic Scale
The New York Times, by David Barboza  (May 25, 2005)
Another sign of strengthening capitalism in China is the advent of commercial malls; until now, the West Edmonton Mall in Canada was the largest mall with 3.8 million square feet. Now, three million square feet is becoming a small mall in China with developers planning to build two malls over 10 million square feet in the near future. China has embraced American’s idea of shopping and has expanded on it to make malls even bigger with over a thousand stores and hundreds of thousands of people in a mall at a single time. Because income has raised about fifty percent since 2000, the Chinese have more money to spend at the more than 400 large malls built within the past six years. By 2010, it is predicted that China will host at least seven of the world’s ten largest malls. [Free registration is required to view the article]

Why Taiwan Matters
BusinessWeek, by Bruce Einhorn  (May 16, 2005)
Largely overlooked, Taiwan is a center of the global economy acting as an intermediary between the manufacturing centers of China and the digital marketplace of the United States. Taiwan’s twenty-five largest companies will manufacture over $122 billion worth of goods this year, with order sizes constantly increasing. The success of Taiwan can also be considered success for China, because it is estimated that 40-80% of communication hardware assembled are parts made within China. With its large number of high-tech factories and a wealth of high-tech talent, Taiwan has ensured itself a place in the global marketplace.

China's Yuan: Beware What You Wish For
The Globalist, by Uwe Bott  (May 6, 2005)
As worries intensify about the United States’ growing trade deficits, increased pressure is being applied to try and force China to revalue the Yuan. The United States Senate voted, in late April 2005, to impose a 27.5% duty on all Chinese imports unless the PRC revalues its currency within six months. But as author Uwe Bott warns, a revaluation of the Yuan could have worldwide implications and cause the dollar to fall, oil prices to rise, and interest rates to rise.

Bangalore's Big Dreams
U.S. News & World Report, by Terry Atlas   (May 2, 2005)
Outsourcing is no longer limited to call centers, software writing, and back-office operations. An increasing trend recently has witnessed foreign corporations outsource their research and development. This article identifies the benefits and setbacks of outsourcing R&D: low wage labor versus poor infrastructure. Other issues that are highlighted include job loss in developed countries and future prospects of remote computer network management.

Down to the Wire
Foreign Affairs, by Thomas Bleha  (May 1, 2005)
The United States dropped from 4th to 13th in terms of broadband usage during the first three years of the Bush Administration. If this trend continues, the United States will be greatly disadvantaged in terms of innovation, the economy, and quality of life. It is estimated that the lack of broadband development could cost to the United States as high as one trillion dollars. In addition, high-speed broadband will give countries such as Japan and South Korea a competitive edge and the opportunity to be the first to reap the benefits of any new technologies that stem for broadband development. This article proposes methods the U.S. can counter this trend and the justifications for doing so.

Oil in Trouble Waters
The Economist  (April 28, 2005)
With much speculation about the price of oil, large equity funds are investing in oil futures hoping that oil will reach the hundred dollars a barrel that some expect. Because of the extra demand caused by the speculation, oil prices have been selling at a premium. This increase in demand combined with a civil strife in Venezuela and Nigeria and increased oil consumption by China and India are ensuring fifty dollar a barrel oil prices now and into the future. But some predict that the “oil bubble” will soon break, deflating prices with a sell off by equity funds and an increase in supply. (subscription required)

Running out of puff?
The Economist  (April 14, 2005)
The economic recovery of the United States has often surprised many analysts. Coupled with China's continued robust growth, it seems that the world economy is on track for continued expansion. However, high oil prices have caused the IMF to predict a permanent supply shock to the economy. As a result, oil is the main topic at this years spring meetings for the IMF and World Bank. The Economist looks at how continued high oil prices will affect the world economy and warns that it may create an even greater problem due to "the size and rate of growth of the global imbalances." (subscription required)

China's Wasteful Ways
BusinessWeek, by Brian Bremner and John Carey   (April 11, 2005)
The recent ratification of the Kyoto protocol has mandated that countries reduce emissions and become more energy efficient. One country that was exempt from the protocol was China. In this article in BusinessWeek, Brian Bremmer and John Carey look at the inefficient energy usage in China that is costing almost $120 billion in lost industrial output annually. Bremmer and Carey highlight the policies the Chinese government has enacted to remedy the situation and their likely efficacy. One possible solution for China is to emulate its Asian neighbor: Japan.

Securing Asia's energy future
The McKinsey Quarterly, by Ivo J. H. Bozon, Subbu Narayanswamy, and Vipul Tuli  (April 1, 2005)
With increasing oil prices and the projected increased fuel needs of Asia, the authors of this article write several suggestions as to how Asia should tackle is looming energy problems. Cooperation among Asian countries to develop needed infrastructure and more transparent markets is stressed in this article. In addition, Asian countries must also increase their investments in oil producing countries and vice versa. This article requires a free registration to view. (free subscription required)

Climate Change
The Guardian  (March 15, 2005)
Most scientists believe that economic expansion by first-world countries has caused the global warming we face today. The Guardian's special report on climate change looks at the proposals that are being made by environmentalist and concerned leaders to reduce global emissions. One proposal is for the UK to emulate Germany’s construction of wind farms. In addition, the report covers issues from the environmental impacts of Chinese economic expansion to the melting of ice on Mount Kilimanjaro.

Changing China
BBC News  (March 4, 2005)
BBC News provides a multimedia special report on China and the implications of its rapid changes. This report provides in-depth analysis on China's development in innovation; its expansion abroad; and its relation with Walmart. BBC also takes a look at five countries and how China's economic growth has affected their countries.

The China Syndrome
Strategy+Business, by Mitchell Quint and Dermot Shorten  (March 1, 2005)
China has been a goldmine for many businesses trying to cut costs and increase their bottom line. However, companies should be wary of false expectations, as procurement in China has not always been profitable for businesses. This article looks at five key areas that businesses should analyze before deciding to do business in China. Quint and Dermot take an in-depth look at the issues of technical capabilities, product design, lead-time, and scheduling stability. Note: Users must create a free user account to read the article.

Mind the Gap
Foreign Affairs, by Robert C. Pozen  (March 1, 2005)
The United States has far outpaced the EU in economic growth for the past 30 years. However, recently there are indications that the EU may be poised to overtake the United States. Pozen looks at the issues that have historically given the US an edge and why these issues are no longer going to provide the same benefits they used to. In addition, Pozen looks to increased US defense spending, productivity gains from the entry of women workers in the EU, the US current account deficit, and other issues that are now giving the EU the opportunity to catch up and surpass the United States. (requires free registration)

Do Multinational Corporations Have an Ethical Obligation to Assist Those in Need?
Knowledge@Wharton  (February 9, 2005)
Professor Nien-hê Hsieh addresses the topic of whether multi-national companies should provide assistance to those in need. Dr. Hsieh tackles the issue with two concepts: fairness and rescue. Hsieh states that often businesses have the moral responsibility to "rescue" those in need. Also he states that businesses should "prioritize" instead of "balancing" cases of need. Hsieh also gives examples of rescue and provides theoretical analysis of why multi-nationals should provide aid to those in need. (requires free registration)

Fakes!
BusinessWeek, by Frederik Balfour, et al.  (February 7, 2005)
Counterfeit goods and products have been around for decades. However, there has been a recent surge of counterfeit goods flooding the market. These goods are ranging from pharmaceuticals to Yamaha motorcycles. Unlike previous counterfeit operations, the new operations are far more sophisticated and some even use a global supply chain. This article looks at how multi-nationals and governments are trying to fight this new surge and the new capabilities that counterfeiters are employing. For a more focused look at China (manufactures two-thirds of all counterfeits) and how the counterfeiting is being handled there, BusinessWeek provides an additional article: By Fighting Fakes, China Wins Too.

The right passage to India
The McKinsey Quarterly, by Kuldeep P. Jain, Nigel A. S. Manson, and Shirish Sankhe  (February 1, 2005)
As multinationals expand their operations to new markets worldwide, they have usually benefited from set market strategies. These strategies have had mixed results in India. McKinsey Quarterly tries to analyze why some multinational companies are performing better in India than others. Their key conclusion rests on the fact India requires more locally tailored marketing strategies from businesses. Issues such as joint ventures, price points, and supply chain are addressed. Note: A free registration is required to access the content.

Global Aging
BusinessWeek online , by Pete Engardio and Carol Matlack  (January 31, 2005)
Longer life spans due to great advances in health care and a decrease in fertility rate on most parts of the world due to better opportunities for women in the market place seem to be the main causes of global aging. This special report brings to light the impact that this problem will bring to the global economy.

Foreign Investment and Development: Who Gains?
Development Gateway  (January 24, 2005)
Foreign investment has provided benefits and drawbacks for both the recipients and recipient countries. Development Gateway provides a very in depth look into this issue with focus on three main topics:
1) Strategies to attract foreign investment and simultaneously strengthen the domestic private sector.
2) Accountability for protecting people and the environment.
3) Creating win-win business models for investments in markets comprised of the poor.
In addition, this special report also includes viewpoints from three prominent leaders from the private sector, government, and civil society. Their analysis and the information from the multitude of articles and reports provide readers a plethora of information on foreign investment.

The Struggle of the Champions
The Economist  (January 6, 2005)
China has been trying to build world-class companies. With recent foreign acquisitions by Chinese companies, it seems this goal is on its way to being achieved. However critics have pointed out corporations who at the time seemed to be on the same path but have failed. This article delves into the successes and failures of Chinese corporate policies and how they well impact the creation of Chinese multinationals. Specifically issues regarding technological innovation, management practices, and global consumer brand development are analyzed. (subscription required)

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2004

Offshore Outsourcing: What's Working, What's Not
Knowledge@Wharton  (December 15, 2004)
A special report on business process outsourcing, prepared in collaboration with A.T. Kearney. The report explores several new emerging trends in outsourcing including new competitive models that BPO providers are using to drive growth; the shifting geography of BPO locations; and the challenges and risks that constitute life after BPO.

Japan's Sun Rises Again
CNET News.com, by Michael Kanellos  (December 8, 2004)
After a decade long decline, Japan's economy has been slowing growing. This growth has been led by its technology sector. In this report, Kanellows delves into the sources of Japan's success. He analyzes how Japan has begun reshaping its business structure away from the traditional keiretsu system of business. In addition, Kanellos provides insight on possible obstacles that Japanese corporations may have to overcome including rivals ranging from China to Wal-Mart, a declining number of engineers, and alternative products. Despite these obstacles, it appears Japanese corporations are stepping up to the challenge.

The China Price
Business Week Online  (December 6, 2004)
Companies across many industries are being pressured to match prices that are available in China or lose their customers. China, a producing country, is a land of many factory outlets, eager to keep the merchandise moving and assembly lines going. The question becomes, will China succeed in maintaining such high growth rates, or is the economy overheating?

The Next Generation of Global Branding?
MarketingProfs.com, by Nick Wreden  (October 19, 2004)
Global branding has become a bigger challenge for corporations around the world. To survive in this day in age as a global leader, a distinction between global and local brand management has to be acknowledged. Global communication consists of controlling a brand’s global direction by defining the brand’s core values. Local brand building is to refine the brand’s core values by tailoring their promotional strategies to that local market’s interests. The key for global marketers is to ensure consistency in the brand’s communication while at the same time pursuing the autonomy of local management.

The Most Competitive Countries
Forbes.com  (October 13, 2004)
The Global Competitiveness Report, published by the World Economic Forum, offers the rankings of the most competitive countries in the world. The methodology and results are well explained in this special report. Learn what attributes Finland has to be considered the Most Competitive Country in the world. Finland has a geographic size almost the same as of the state of Montana (380.000 sq Km, 147.000 sq miles) and with a population as large as the one in the state of Maryland (5,296,486 people). Meanwhile, China, the star of most recent economic news is ranked in the 44th place under countries such as Malta and Estonia.

Global Consumer Confidence and Opinions Survey
ACNielsen   (October 1, 2004)
ACNielsen presents a survey of 14,000 consumers in 28 international markets. Issues addressed range from opinions of their home economies to disposable income as well as fears and apprehensions towards various topics.

The 400 Richest Americans
Forbes.com  (September 24, 2004)
Who are the richest business leaders of today? Which companies are ranked global leaders of 2004? Rankings of the Forbes 400 Richest Americans, and the Forbes 2000, are comprehensive listings of the world’s biggest and most powerful people and companies. In today’s competitive marketplace, it is interesting to note who has become minted a member of the Forbes family.

China and India: The race to growth
The McKinsey Quarterly, by Diana Farrell, Tarun Khanna, Jayant Sinha, and Jonathan R. Woetzel   (September 1, 2004)
Given the tremendous growth by both India and China in recent years despite their dramatically different development models, many analysts are discussing which model is better. In this report by The McKinsey Quarterly, three authors take different perspectives and look at issues ranging from foreign investment, entrepreneurship, government regulations, and the background and histories of each country. Each author provides a different conclusion based on his or her unique analysis. However, the general consensus seems to indicate that for long-term growth the government in both countries must increase competition and ease regulations.

Retailing's Tech Future
BusinessWeek online  (August 31, 2004)
Say goodbye to price tags and barcodes, there is a new kid in town. Retail technology is playing a pivotal role in a consumer’s shopping experience. Many retailers have adopted advanced technology in their stores in order to improve the way they conduct business with customers. There is debate, however, as to whether this move is really in the right direction.

Think Global, Act European
Strategy+Business, by Pascal Cagni  (August 30, 2004)
The E.U.'s growth to 25 countries has often been used as an example to better define the buzz word “Globalization.” Pascal Cagni discuss how Europe is still very far from being considered a global market, and how multinational companies have to redefine their strategies to be able to simultaneously compete at a global, regional and local level. A new management style, called “Dynamic Management”, has to be implemented in order to help managers deal with global production facilities, standardized processes, and local customers’ needs and requirements.

Global Warming
BusinessWeek, by John Carey  (August 16, 2004)
Top managers and CEOs have finally understood the importance of taking care of the change in climate that is occurring and will occur in the next decades. For businesses, this presents threats and opportunities. This article discuss in deep what can be done in order to prevent or at least limit the global warming around the globe, including oil consumption and emission reduction, investment in research and development of alternative sources of energy.

The Competition of Countries
HBS Working Knowledge, by Cynthia D. Churchwell  (July 6, 2004)
Professor Richard H. K. Vietor discusses in a brief Q&A interview with HBS the most interesting finds of his studies on Globalization around the world. An innovative comparison between countries and companies underlines the similarity between the growth of profitability and per capita income, including the key factors that can sustain it. Capital information or investment, human resources and high quality leaders are the basic needs to assure an organic and controlled growth and development. Corruption and waste of resources are cited as two of the main reasons of globalization related problems and difficulties.

How to Avoid a Price Increase
HBS Working Knowledge, by Manda Salls   (June 28, 2004)
Changes in raw material prices, such as fluctuations in oil prices, are one of the most important factors affecting product prices. What is the best strategy when input prices skyrocket? Should a company increase its product price, decrease the product quantity while keeping the price the same, or another strategy? In this Q&A, Professor John Gourville of Harvard Business School presents his findings on the issue.

What the New Asia Means for Multinationals
HBS Working Knowledge, by Peter J. Williamson  (June 28, 2004)
This article aims to discuss the past and future strategy that “western” multinational companies have used and will use to enter the Asian Markets. Using the Asian countries as a source of cheap manpower and manufacturing facilities with the intent of standardizing products and reach the so called “economies of scale” was the winning strategy of the past decade. The scenario has been changing for the last few years and more and more Asian companies are going global, competing on a multinational base and eroding the established competitive advantage of occidental companies.

Gas Pains
CNN/Money  (June 8, 2004)
Oil prices have soared, sending gas prices skyward. This trend has not been limited to the United States; many European countries are also reporting record prices at the pump. This report examines what has been happening in the oil markets lately – and what is expected to happen through the summer.

India: Can Singh Spread the Shine?
The Wharton School  (June 2, 2004)
India, the world’s largest democracy, has elected a new government in a turn of events that surprised many. The rise of the Congress Power follows former Prime Minister Vajpayee’s inability to connect with many of the country’s poorest and most rural residents; while Vajpayee’s government invested in technology, much of the country was left without basic infrastructure. This article examines the new government, and what Indians might expect from it.

The Changing Face Of Global Business
Optimizemag.com, by Pierre Loewe and Jorge Rufat-Latre  (June 1, 2004)
While competitive forces and advances in technology are causing companies to enter new markets and expand their global reach, new economic, political and sociological trends transform these markets faster than ever. For global corporations, conventional change management techniques are usually more difficult to apply due to four key challenges. In this article, the author presents the main differences in change management techniques between the multinational and domestic corporations, giving real-world examples from Whirlpool and Roche Diagnostics.

Exploring Global Paths
Optimize Magazine, by Lester Thurow  (June 1, 2004)
This article examines the changing role of the CIO in today’s global economy. The shift is one from a leadership role to an economic explorer – being a CIO is now about being a Chief Knowledge Officer. This selected article also discusses the role of technology in the changing business world, and offers examples of how to get “ahead of the technological wave.”

10 Ways to Grow Your Business
Entrepreneur.com, by Karen E. Spaeder   (May 11, 2004)
Starting a business has many challenges. However, an entrepreneur's job does not end after successfully launching a business. Growing the business can be more challenging than you might think. In this article, the author lists 10 practical ways to expand a business and gives examples for each one, highlighting the critical points for each method.

America's Tech Might: Slipping?
BusinessWeek Online  (March 16, 2004)
Does the latest outsourcing spree we have been experiencing in America signal more serious problems? Is America losing its edge in innovation and science education? This report tries to address these as well as many other issues.

Telecom's New Shape
BusinessWeek Online  (March 2, 2004)
The developments in telecommunications and IT industry has dramatically transformed the ways companies do business in the last decade. Following the Internet boom, telecommunications sector had to transform itself, too. This special report consists of a collection of articles that talk about these changes in the industry, its future, and its implications on businesses.

Measuring Globalization: Economic Reversals, Forward Momentum
Foreign Policy and A.T. Kearney  (March 1, 2004)
From the collapse the Cancun WTO meeting to the spread of terrorism, globalization has helped to shape and define a plethora issues. This defining aspect of the 21st century has also affected countries in varying levels. The fourth annual A.T. Kearney/FOREIGN POLICY Globalization Index provides a measurement of political, economic, personal, and technological globalization in 62 countries. Foreign Policy also provides key insights to the impacts that globalization has had in different regions around the globe. For the complete PDF version of the report, click here.

Who's Afraid of Chinese Pirates?
BusinessWeek, by Bruce Einhorn   (February 24, 2004)
China has had piracy troubles for years, but it hasn’t deterred some multinational companies from taking the leap into their market through joint ventures. This article takes a look at Xybernaut Corp. and why teaming up with a Chinese company is their best move. Edward Newman, CEO of Xybernaut Corp., discusses what he has done to safeguard his patents in China as well as what he thinks could possible be the worse case scenario of his joint venture with a Chinese company.

An Atlas of Offshore Outsourcing
BusinessWeek, by David E. Gumpert   (February 18, 2004)
Outsourcing is a word that many large multinational companies are beginning to hate. As larger companies begin to see that “…U.S. jobs shipped overseas will climb from the hundreds of thousands we have seen over the last few years to several million in 10 years,” smaller companies can only hope to remain competitive by utilizing offshore resources. This article discusses the strengths and weaknesses for small, entrepreneurial businesses as they decide whether to venture out into India, the Philippines, Russia, China, and Panama.

Hidden Champions
BusinessWeek, by Jack Ewing  (January 26, 2004)
Due to the increase in the valuation of the Euro, many European exporters are finding the international market increasingly harder to compete in. However, as larger firms struggle with the economic downturn, many mid-sized companies have been doing exceptionally well. BusinessWeek delves into 12 of these companies and provides insight on how and why these companies have succeeded.

How Parmalat Went Sour
BusinessWeek , by Gail Edmondson & Laura Cohn   (January 12, 2004)
The awareness of business scandals worldwide was increased by the bankruptcy of one of the jewels of European capitalism. Italy based Parmalat, one of the largest dairy-food companies in the world, produced one of the biggest accounting frauds in history and now must explain what happened to a sum of between U$8.5 billion to U$12 billion in vanished assets. This article addresses important questions on Parmalat’s financial operations and its importance as an example of lack of transparency in a company that is present in more than 30 countries.

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2003

Where Free Trade Hurts
BusinessWeek   (December 15, 2003)
What is the expected impact of removing the 30-year-old import quotas on textiles and clothing? Business Week looks at the complex global trade situation created as a result of these quotes. With the abolition of these quotas, some developing countries, which until now were able to maintain their inefficient production systems because of these secured export quotas, will suffer the consequences of this decision. Meanwhile others, including Turkey, Ghana or Dominican Republic, will be able to expand their market share and develop their more efficient and modern economies.

The New Global Business Manager
HBS Working Knowledge, by Cynthia D. Churchwell   (December 15, 2003)
Is there such a thing as global managers? If so, what should be the critical skills of this professional? In this interview, Harvard professor Cristopher A. Bartlett is asked to compare his view on the 11-year-old article “ What is a Global Manager?” to the requirements that the business world is demanding nowadays. He also gives advise on how to prepare for a management position in the world market and a forecast of challenges that global managers will face in the next 5 to 10 year period.

Lessons From a Nasty Trade Dispute
HBS Working Knowledge, by Cynthia D. Churchwell  (November 17, 2003)
To what extent can managers benefit from seeking assistance from governments and international organizations? What course of action should managers take before seeking for this kind of help? What are the potential long-term consequences for a company that gets involved in international disputes? Those and other questions are answered in this interview with professors Rawi Abdelal and Laura Alfaro who use their recent case study of Canada/Bombardier vs. Brazil/Embraer dispute as an example.

Globalization: The Strategy of Differences
HBS Working Knowledge, by Pankaj Ghemawat   (November 10, 2003)
For many years, multinational companies have been struggling to find the right balance between standardization and localization of their global products. As many companies tailor their global strategies based on similarities across markets, they tend to forget that there is another source of competitive advantage based on exploiting differences across markets. This article discusses balancing the two globalization approaches and examines how various companies are applying the strategies to their operations.

Emerging Markets Aren't As Risky As You Think
The McKinsey Quarterly, by March H. Goedhart and Peter Haden  (November 10, 2003)
Beta, market risk, diversification, and portfolio risk are financial terms frequently used to decide whether to make an investment. This Mckinsey& Co. analysis explains how the market risk of developing countries could be diversified away because of the low correlation that exists between return on investments in emerging economies and those in the rest of the world. The article suggests that these results may change the way in which business managers evaluate the emerging market risk premium compared with the risk premium of other developed countries.

Inequality in Latin America: A stubborn curse
The Economist  (November 6, 2003)
In Latin America, more than five hundred million people share a common a religion and a colonial past. Although most of the Latin American countries became independent nearly two hundred years ago, they are fairly new to democracy. These common characteristics may induce one to think that Latin America is homogenous and there are no major differences among the countries. However, this article summarizes a statistical study done by the World Bank, and shows that Latin American countries are more unequal than developed countries in terms of basic principles of democracy, such as access to education, health care, and income distribution.

Emerging Markets
BusinessWeek  (September 29, 2003)
This set of articles gathers information on the emerging markets' attempts to finance their growth. Countries such as Russia, Argentina, Uruguay, the Philippines and Mexico were featured as good examples of investment opportunities. These articles also present explanations of how the above-mentioned countries managed to attract foreign investors.

It's Not Easy Going Stateless
BusinessWeek, by Steve Hamm   (September 22, 2003)
This article looks at a number of issues that arise as technology companies maintain locations around the world. Spreading a technology company across the globe means that decision makers are also scattered throughout various global offices. This makes it difficult to foster collaboration and teamwork. This article provides a few examples of companies that are trying to break the time zone barriers in order to enhance cross-national performance and foster a more globally collaborative environment.

Offshore Outsourcing
CIO Magazine  (September 1, 2003)
This collection of articles looks at three different issues that arise when dealing with outsourcing internationally: the politics, the people involved and the associated costs. The collection includes insights into the growing backlash against offshore IT outsourcing as well as the hidden costs of moving jobs overseas. Included with the articles is an interactive worksheet that calculates individual best and worst case scenarios for offshore outsourcing.

Should You be a Global Manager?
HBS Working Knowledge, by Michael Marks and Daniel Meiland   (September 1, 2003)
This article gives two perspectives on the development of globally oriented managers. It articulates the importance for managers to maintain a globally expansive mind-set along with a high degree of cultural sensitivity when handling business abroad. It addresses past misconceptions of how to create global managers and offers insight into how current and future business leaders can be globally effective.

Breaking Geopolitical Barriers
Optimize Magazine, by Yves Doz & Pierre Loewe   (September 1, 2003)
Marketing is about to lose one of its 4 Ps, the Placement. In the international scenario, information technology has advanced so much that companies are being created where it would be least expected. Knowledge and learning are the drivers for competitive advantage. This article shows that companies that are apart from the industry’s home base tend to increase their performance of their core business. This article is interesting in the sense that it breaks one of the marketing paradigms, location, and shows how industries of different sectors are achieving good results worldwide through IT.

Outsourcing: Make Way for China
BusinessWeek, by Bruce Einhorn and Manjeet Kripalani  (August 4, 2003)
In addition to being the “world's hottest manufacturing hub”, China is now set to become a key player in the IT outsourcing industry. Supported by the government, a number of Chinese companies are already handling IT service work for American and Indian companies. In addition to the English-speaking capabilities of Chinese people, their Asian language skills make them the obvious choice when working with Japanese and Korean multinationals although piracy, poor English and quality are some of the issues that the companies need to address.

Brands in an Age of Anti-Americanism
BusinessWeek   (August 4, 2003)
With American brands taking up 8 of the top 10 and 62 out of 100 of the slots of the BusinessWeek/Interbrand Corporation ranking of the 100 most valuable global brands, indications are that American brands are holding up against the current anti-American sentiment. Some of the reasons put forward for this trend include; the ability of consumers to distinguish between American politics and brands, the inability of some consumers to identify the origin of global brands and the good quality and consistency of the brands. The article also comments on the reasons behind the poor and good performance of some global brands.

The Best European Performers
BusinessWeek  (July 28, 2003)
This report is about the 50 best European company performers. The companies portrayed in this report are the ones that, despite all economic and marketing obstacles, could improve their sales, profits and investor returns. “Such top performers excel mainly because of good management that knows what to do in a difficult environment," says Robert Parkes, a European analyst at HSBC Bank in London." The report presents interesting features such as: Graphics for Sales and Best Returns; A Look at the Leaders; Two extra reports about Statoil Eyes Gas and Allied Irish Bank, among others.

Offshore Outsourcing Taboo
InformationWeek, by Mary Hayes  (July 28, 2003)
Because of the cheaper labor markets overseas, many United States companies are outsourcing technology jobs to countries such as India, China and Eastern Europe. In some cases, this practice has resulted in the loss of jobs by domestic employees and this has created tension in the companies. This fact is exacerbated by the reluctance of managers to be open about their offshore outsourcing plans. With the current economic downturn and high unemployment rate, companies might find themselves facing more pressure form unemployed workers, shareholders, customers and even politicians; as per the sidebar article .

It's India Above China in New World Order
HBS Working Knowledge, by Martha Lagace  (July 28, 2003)
The article is an email interview between HBS Working Knowledge and two professors; Yasheng Huang, a professor at M.I.T. Sloan School of Management, and Tarun Khanna, a professor of strategy at HBS. The interview dwells on an article titled “Can India Overtake China?” that the professors published in “Foreign Policy” magazine. The two professors support their initial statement that the two countries are the world’s next major powers and they also discuss the countries’ different economic models and their impact on their future development.

Crossing Borders
InformationWeek, by Chris Murphy  (July 7, 2003)
Delphi Mexico’s suppliers are situated in the USA but the company is able to run a lean manufacturing process with only a day’s inventory on hand for many materials. Using this same approach, Delphi wants to transfer this global sourcing strategy to its information systems and services. By treating IT like a manufacturing operation, the company treats all initiatives on a global basis and the best IT staff and country get to carry it out. A sidebar article titled “World View: Sourcing IT Globally” looks at factors that companies take into account when considering global sourcing of IT.

Branding – The Strongest Value Driver For New Asia
brandchannel.com, by Martin Roll   (June 30, 2003)
The article discusses the importance of international branding to corporations. Traditionally, Asian companies have produced non-branded products but this trend has to change if Asian companies are to realize the increased financial and growth benefits of strong brands. For this to happen however, it is important for the companies to change their recruiting strategies and take on board leaders with strong marketing and global branding experience.

Living Longer With the Global Economy
BusinessWeek , by Christofer Farrell  (June 27, 2003)
Globalization has brought increased trade and economic growth to countries such as India and China but experiences in the Middle East, Africa and Latin America have been greatly dissapointing. The author argues that the traditional measurers of measurement might not be portraying the true picture about the gains of globalization to the developing world and that the Global Economy is in fact an effective way of reducing the inequality between the industrial countries and the developing countries. By using new metrics and indicators such as life expectancy and living value, it can be shown that the world inequality is narrowing.

Global Competition: What's the First Move?
HBS Working Knowledge, by Ian C. MacMillan, Alexander B. van Putten, and Rita Gunther McGrath  (June 23, 2003)
This article introduces a mapping technique to better understand the competitive landscape in multiple markets. The authors argue that "competition among multinationals is a three-dimensional game of global chess." Multinationals should evaluate their competitors' every move carefully, and take action accordingly.

Beware of Anti-Americanism
CIO , by Melissa Solomon  (June 1, 2003)
When rolling out global IT projects, it is no longer adequate for IT chiefs to be aware of the domestic culture and conditions but also to have a good grasp of how international affairs affect their global IT projects. Instead of prescribing an American solution, managers need to build collaborative, global solutions that are suitable for a global corporation.

Inside Outsourcing in India
CIO , by Stephanie Overby  (June 1, 2003)
When John Doucette, CIO of Hartford, Conn.-based United Technologies started outsourcing coding work to India ten years ago, telecommunications were terrible and some people didn’t speak English. Presently, India’s attractiveness as an outsourcing destination is well recognized but there are still some challenges that corporations need to overcome. In this article, John Doucette and David Wood, Director of Systems Development, Otis Elevator discuss some of the challenges and benefits of Indian outsourcing.

Corporate Transparency Improves For Foreign Firms in U.S. Markets
HBS Working Knowledge  (May 26, 2003)
International companies that interact with U.S. markets are more transparent in their dealings, say Harvard Business School professors Tarun Khanna, Krishna Palepu and doctoral candidate Suraj Srinivasan.

Will American Brands Be a Casualty of War?
HBS Working Knowledge  (April 21, 2003)
"In general, what effect will the war and the perceived unilateral tactics of the president have on the reception of American brands overseas?" Harvard Business School professor John Quelch gives his take in this interview with the Sunday London Times. He discusses his opinions on the effects of the anti-American sentiment caused by the war in Iraq on American brands around the globe.

The Trans-Atlantic Data Privacy Dispute
Knowledge@Wharton  (March 12, 2003)
The issue of trans-Atlantic privacy of personal data has been at the forefront of information technology policy makers since 1998. With the passage of Article 25 as part of the European Commission’s Directive on Data Protection, the issue personal data privacy was pushed into the spotlight. This article, based on the research of Stephen J. Kobrin, a Wharton Management professor, examines some reasons why the data privacy debate has been raging since 1998 without any type of effective solution. (Free registration required)

Emerging Tech Markets
BusinessWeek  (March 4, 2003)
Touching on markets from the Far East to Central Europe, this special report delves into the emerging tech markets across the globe. From China to Russia, BusinessWeek Online explores some of the hotbeds as well as some markets that need significant government assistance to keep pace.

How "Ugly Americans" Can Play by Local Rules
HBS Working Knowledge  (January 13, 2003)
This article explains why certain negotiation styles preferred in US are not welcomed aboard. It makes a series of recommendations for American execs that are useful and that may prevent them to fall in the stereotype of the “Ugly Americans.” The author emphasizes that although “Americans have a much greater willingness to adapt than they did,” they still can benefit from paying close attention to cultural differences.

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2002

Can Japanese Brands Go Global?
brandchannel.com  (November 25, 2002)
Have you ever wondered why the only Japanese brands that are globally successful are autos and electronics? In this article, Dr. Randall Frost, presents some ideas as to why he thinks certain Japanese brands are successful globally and why others aren't. Citing distribution capabilities as a primary implement for success, and cultural sterotypes as a reason for failure, the author presents key factors that will play a role in the future global success of Japanese products.

Global Influentials 2002
CNN.com  (November 25, 2002)
This special report highlights 15 up-and-coming business professionals from around the globe. Each was chosen for this piece because of his or her international achievements during 2002. Along with profiles that highlight each individual's achievements, the report also contains articles that focus on the leaders of Apex Digital (US) and Groupo Modelo (Mexico).

A Global View of Corporate Governance: One Size Doesn’t Fit All
Knowledge@Wharton  (November 20, 2002)
With corporate scandals in abundance, there is a renewed focus on corporate governance within the business and academic communities. The question is now, which system of governance is best? This article examines this question and concludes that no one system can be applied to all economies. The author uses Korea, France, and the US to support this conclusion. (Free registration required)

Mega Europe
BusinessWeek  (November 18, 2002)
This series of articles is focused on the expansion of the European Union. Among others, the report contains articles that examine the 10 potential entrants into the EU, the economic power that the EU will wield in the world market, and the effects of EU regulations on a General Electric Business Unit. Within its 18 articles, the report also contains information regarding specific countries such as Poland, The Czech Republic, and Poland.

How AFLAC Laid a Golden Egg in Japan
BusinessWeek   (November 11, 2002)
This article uses AFLAC as an example of a company that has leveraged its core capabilities to expand into a global market. The article shows how AFLAC was able to exploit a need in the Japanese insurance market and create a very profitable niche position for itself. Also, the article examines the threat of new entrants into the market and the steps that AFLAC has taken to protect their rents. (Free registration required)

How Bribery and Other Types of Corruption Threaten the Global Marketplace
Knowledge@Wharton  (October 23, 2002)
Corruption, a hardly talked about subject a few years ago is now a much-discussed topic among businessmen and politicians alike. Nichols has done a lot of studies and writings on this topic including a "Corruption Perception Index" of countries across the world. Corruption is damaging to both the international trade and countries but indications are that it is on the rise with many companies having a hard time saying “No” to bribery. (Free registration required).

Model Shipping - IT and International Trade.
CIO , by Malcolm Wheatley  (September 1, 2002)
Because of the rigorous tracking and documentation required to claim duty drawback, companies have been leaving billions of dollars ($10 billion for US companies in 2001) unclaimed. The tighter regulations necessitated by international terrorism fears have only made the process even more difficult. For companies like DuPont, claiming these amounts would make a big difference to their bottom line and what better tool to use than international trade software systems to track the products and documentation necessary to support their claims.

Q&A: Argentina's economic crisis
BBC News  (August 14, 2002)
A question and answer session on Argentina’s fall from a world economic power to its current status as an economic trouble spot.

Your True Competitors
brandchannel.com, by Martin Lindstrom   (August 12, 2002)
In this article, Martin Lindstrom urges marketers to “Forget everything about your current focus on competitors” and focus on companies that are leaders in particular areas of expertise across the globe.

The Best Global Brands
BusinessWeek, by Gerry Khermouch   (August 5, 2002)
What does it take to move a company’s brand from being a “commodity” product to being one of the high-end brands in the industry or the opposite? While the benefits of a strong brand are well appreciated, the effort to keep up a brand’s standing can be quiet daunting as evidenced by the “crumbling” of some brands since the 2001 rating. Commentary on the results of the BusinessWeek and Interbrand “Top 100 Brands”, the “winners and losers”, how the brands won or lost and the type of analysis used gives some informative insights into the world of brand management.

Globalization Good for Whom
HBS Working Knowledge  (July 29, 2002)
The article was first published in the Harvard Magazine of July-August 2002. In this article, Dani Rodrik, a professor at Harvard University, addresses the question of globalization and its negative impact on poor countries.

A Brand the Size of a Country
brandchannel.com, by Kartikeya Kompella   (July 29, 2002)
An interesting article on branding that looks at the qualities of a strong brand and goes on to discuss the case of America as a brand name.

Tame the Beast: Build a Living Global Brand
MarketingProfs.com, by Laurel Delaney   (July 23, 2002)
The article encourages small businesses to start building their own living global brands over the Internet, as this will earn them customers. It further goes on to show just how they should go about doing this and how to exploit their size advantage over bigger companies in building strong global brands. (free registration required)

Prescribing a Global Identity
brandchannel.com, by Edwin Colyer  (June 17, 2002)
While a lot of industries have marketing global brands, the pharmaceutical industry has been lagging behind in this trend. The article looks at the implications of international branding for the pharmaceutical industry.

The Stars of Europe
BusinessWeek, by John Rossant   (June 17, 2002)
50 of Europe’s best managers, policymakers, innovators, and financiers selected by BusinessWeek correspondents and editors. Who are these people and what did they do to deserve to be on this list during these difficult and turbulent times when a lot of leaders are falling by the wayside?

THE BIG MAC INDEX
The Economist  (April 25, 2002)
This is an index that compares the purchasing-power parity of 120 countries based on the price of an identical item (in this case a Big Mac). This “exchange rate” allows the user to compare currencies and determine if they are undervalued or overvalued when compared with the dollar. This selection of articles also offers a “Coca-Cola Map of the world” which explores the globe through the consumption of Cola.

International Trade Rules: What Every Exporter Should Know
International Trade Forum , by Jean-François Bourque  (April 1, 2002)
In the last 50 years, crucial changes have occurred within the world that has completely altered the legal scope of the global marketplace. This article looks at six processes of international business conduct and aims to give exporters a better understanding of the wide scope of current international business law. These processes cover international trade usages, commercial treaties, model contracts, model laws, regional trade laws and out-of-court dispute settlements.

A Fragile World
BusinessWeek  (February 11, 2002)
September 11 shattered the old certainties. Business Week looks at what the future will bring to the world economy as they answer six critical questions and profile key leaders around the world.

E-commerce Thinking Outside the Ad Box
The Wall Street Journal  (January 14, 2002)
An exploration about online advertising, this special report contains the analytical perspective of experts in communications and ideas of why Internet advertisement works and why it doesn’t.

The Age of the Euro
BusinessWeek  (January 4, 2002)
Special coverage of Europe's common currency and what it means for the world economy and the European business world.

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2001

Asia's Value Creators
Wall Street Journal  (December 14, 2001)
The Asian Wall Street Journal's annual survey of the region's top-performing companies reveals those that have kept afloat amid the downturn.

Globalisation: the end of Foreign Policy?
BBC News  (December 1, 2001)
Does globalization make the division between domestic and foreign policy obsolete? With all the issues and challenges emerging from globalization, the traditional foreign policy prescriptions don’t seem to work any more as a whole new set of boundaries and influences continue to be a challenge to international diplomacy.

World Business
Wall Street Journal  (October 1, 2001)
WSJ profiles the most influential players on the world business stage. They are people of power, with crucial jobs at a crucial time.

Unlocking Potential: Remove Barriers to India's Growth
The Mckinsey Quarterly , by William Lewis  (September 11, 2001)
This article was first published in The Wall Street Journal on September 11, 2001 and is an analysis of the factors that are inhibiting India’s economic growth. According to the author, the elimination of three major barriers to India’s growth will increase its annual growth rate by 10%. Using the Chinese economy as a comparison, the author presents examples of how each of the three barriers is inhibiting economic growth in India.

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2000

Globalisation: What on Earth is it about?
BBC News  (September 14, 2000)
This article presents a basic background to learn about globalization. It is a good starting point for research in globalization issues.

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