The fact is, the public make use of the classics of a country as a means of checking the progress of Art. They degrade the classics into authorities. They use them as bludgeons for preventing the free expression of Beauty in new forms. - Oscar Wilde -
German exports climbt in February 2011 to 84.7 billion. This is 2.7% more than in January 2011 and 21% more than 12 months ago. Imports increased in the observed periods with 3.7% and 27% stronger. Source: Wall Street Journal
According the World Bank's latest East Asia and Pacific Economic Update Japan’s real GDP growth rate should start picking up in the second half of 2011 when reconstruction efforts get underway, after the temporary slow down following the earthquake and tsunami in March 2011. Source: World Bank – East Asia and Pacific
General Electric Co. is going to buy Lineage Power Holdings Inc. for $520 million. The technology of Lineage among others helps keep power uninterrupted for cloud computing. GE enters the power-conversion market through this purchase, and becomes a competitor to Emerson Electric Co., Siemens AG and ABB Ltd in this market. Source: Bloomberg
According to globalEDGE blog Spain's capacity to expand in foreign markets is increasing because successful Spanish firms put their emphasis on manufacturing and developing new products in foreign emerging markets. Source: globalEDGE
For example, is Facebook really $50 billion USD worth? Will Facebook be allowed to share information about its users' browsing habits with advertisers. Complaints about Facebook's privacy policies have already arisen in several countries. Source: Newsweek
Each 13% of the 1998 U.S. apparel imports came from China and Mexico. In 2008, only 6% came from Mexico but 34% from China. Ian Robinson argues that Mexico failed to improve their worker's skills and the countries infrastructure. He and others critics of neoliberal globalization, argue "suppressing worker rights is a powerful—though ultimately self-destructive—source of international competitive advantage for both firms and nations." Source: New Labor Forum
Arguments against microfinance center around the claim that it is a development strategy increasingly forced on the poor, and that those who are claimed to benefit from it the most--poor women--are actually its chief victims. Source: Fobes
Growing numbers of companies are deciding to limit their investments in Mexico because of spiraling drug-related violence. The latest is Swedish appliance maker Electrolux AB, which said Thursday it had chosen Memphis, Tenn., over locations in Mexico for a $190 million appliance factory that will employ 1,200 people. Source: Wall Street Journal
Reuters has profiled seven Japanese CEOs who are leading their companies overseas. Background: Signs of an exodus are already clear. One is an 89-percent jump in the value of outbound mergers and acquisitions in the third quarter of the year compared with a year ago and direct investments by Japanese overseas increased 46% within only five years. Source: Reuters
Germany, Brazil and China the countries where public opinion is most in favor of the free market system and free market economy as the best system on which to base the future of the world according to a poll done by GlobeScan.
GlobalScan made 12,884 interviews in 25 countries asking the opinion about following statement:
The free market system and free market economy is the best system on which to base the future of the world.
The results are shown on below chart.
Chart: Public Opinion on Free-Market Economy
Besides that people in Germany (68 % approval), closely followed by Brazil and China (67% each) are most in favor of the free market economy as the system for the future, the findings show that the public opinion in several major emerging economies is supporting the free market idea stronger than people in the USA and Canada (59% approval, same as India).
For example below you can watch the April 5, 2011 Webcast: Live Q&A: East Asia and Pacific Update in which Vikram Nehru, Chief Economist for the East Asia and Pacific region, and Ivailo Izvorski, Lead Economist for the region, discussed the latest economic update for the East Asia and Pacific region.
The Asian Development Bank (ADB) released the Asian Development Outlook 2011 today. It provides an analysis of economic performance for the past year and offers forecasts for the next 2 years for the 45 Asian economies which form developing Asia.
Despite inflation[ ((After 4.4% in 2010, consumer prices are expected to rise to 5.3% in 2011 before decreasing back to 4.6% in 2012))], high food and oil prices as well as global uncertainties, developing Asia is expected to continue to expand over the next two years. ADB forecasts the regions gross domestic product to increase 7.8% in 2011 and 7.7% in 2012, compared to 9% in 2010.
Changyong Rhee, ADB’s Chief Economis, said, “Developing Asia, having shown resilience throughout the global recession, is now consolidating its recovery and rapid expansion in the region’s two giants – the People’s Republic of China (PRC) and India – will continue to lift regional and global growth.”
However, according to the report, it will be necessary to manage inflation carefully using more flexible exchange rates and coordinated capital controls.