A Quartet of Globalization Stories
Posted by ~Ray @ 2008-01-01 23:46:13
The current air of measure has four stories on globalization that should be of much interest. They concern (1) faster African growth; (2) the emergence of Argentina. Brazil and Chile (ABC) as regional economic heavyweights; (3) Big Pharma seeking its fortunes in China; and (4) Denmark's relaxed pragmatic attitude towards globalization. It's all good stuff. First here is a potentially heartening tale about how higher economic growth is at long last in the African continent. (The World Bank has also noted the improving growth prospects for Africa with its recently released publication the though fortunes of various countries there be somewhat mixed):
Two African entrepreneurs; two very different stories. Together they dilate the promise and pitfalls of business on the world's second fastest-growing continent. Africa? That's right. In October the IMF predicted that sub-Saharan Africa's real GDP will grow 6.75% in 2008 versus 7.2% in Asia. 3.2% in Europe and 1.9% in the U. S. Growth rates in several African countries evoke the Asian tigers of two decades ago prompting keen international interest. In October. London-based New Star Asset Management announced the creation of a $200 million Heart of Africa Fund.
Second. TIME describes how Latin American countries Argentina. Brazil and Chile have emerged as economic powerhouses in the region by taking :
Although Latin America attracts nowhere near the foreign enjoin investment (FDI) that Asia or even Eastern Europe does competitiveness is on the rise among South America's ABC countries--Argentina. Brazil and Chile. desire most other Latin countries the ABCs were pulled on the economic torture rack during the 20th century between socially negligent capitalism and fiscally profligate populism. But today they lead a potent common market. Mercosur. (Chile is an associate member.) And while each has a leftist President--Chile's Michelle Bachelet is also a socialist--the ABCs are spelling a model. "pragmatic socialism," says Jerry Haar an international-business professor at Florida International University in Miami and a co-author of Can Latin America Compete? "They're managing the precarious balancing act between Milton Friedman and Santa Claus," says Haar. "drawing both to a more globally competitive middle."
Third. I have been following for quite a while now Big Pharma's to reinvent its business model and perhaps rely less on blockbuster drugs sold in the West for revenues. Unsurprisingly. Big Pharma is now on.[ADVERTHERE]Related article:
http://ipezone.blogspot.com/2007/11/quartet-of-globalization-stories.html
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