Singapore s Economic Transformation. Zhanna Medvedeva MA-1
|
|
- Eileen Bailey
- 6 years ago
- Views:
Transcription
1 Singapore s Economic Transformation Zhanna Medvedeva MA-1
2 Intro & Plan Past few decades the rise of South Korea, Taiwan, Hong Kong and Singapore The phenomenal case of Singapore s economic growth has seen the most attention Currently Singapore: small territory (685 sq km), no natural resources, population ~ 5 M people the highest standards of living, modern city-state, base for >3000 multinationals. Plan: 1. Short history and background of Singapore 2. Traces of Singapore economic strategy - The 1960s: - The 1970s: main economic challenge, actions, results - The 1980s: - The 1990s: 3. Current state of Singapore s economy and plans 2
3 Overview of Singapore 1819 Sir Stamford Raffles from the British East India company arrived on the island by 1825 important port, amount of trade exceeded that of Malaya s Penang and Malacca 1921 the British built a naval and air bases in Singapore Japanese occupation 1959 Singapore gained self-governance 1963 Singapore became the part of Malaysia, confrontations with Indonesia (2nd largest trade partner of Singapore) 1965 Singapore separated from Malaysia and has been an independent republic since then. 3
4 Traces of economic strategy Pro - business Pro - foreign investment Export - oriented Economic Policy Framework Singapore s economic strategies: State-directed investments in strategic government-owned corporations (1) The government's strategic role (2) Mobilization of its human capital (3) Continuous development of infrastructure 4
5 The 1960s Main economic challenge: to overcome Singapore s high unemployment problem need for an extensive growth in manufacturing industries, but the economy is too dependent on entrepot trade Actions: - UN economic advisors helped to establish The Economic Development Board (EDB), providing a one-stop general and procedural information to the foreign investors (to bypass bureaucracies) - EDB officers went around Western countries and promoted Singapore among multinationals as the right place to build manufacturing base (political stability, English-speaking & low-cost workforce, tax benefits for 5 years etc.) Results: - Lots of foreign companies came to Singapore, brought technologies and created jobs - Manufacturing share of GDP grew from 10% to 15% 5
6 The 1970s Main economic challenge: to maintain economic growth without the British back - British withdrawal from Singapore, Indonesian policy of confrontation, separation from Malaysia Actions: - The EDB: improved tax incentive scheme for foreign firms as well as for local small manufacturing firms - Emergence of nationalized companies the Development Bank of Singapore (DBS), the Singapore Airlines, Sembawang Shipyard. - Central Provident Fund (CPF) was established for funding housing purchases and medical benefits for working individuals ( hard work and self-help). - National Trade Union Congress was established to improve working conditions and wages. Results: - Unemployment rate fell to 3.5% - Manufacturing share of GDP grew to 25% - Singapore gained international recognition 6
7 The 1980s Main economic challenge: to shift to high value added industries (IT), to develop high-skilled workforce - no low-wage workers anymore, competition with other Asian emerging economies Actions: - Infosphere development : the National Computer Board was formed to train workers in IT-related industries to attract global IT firms to produce and sell software through Singapore, implement a culture of IT use throughout local firms, to link the business with the West. - The EDB: tax incentives for manufacturing firms and financial service providers. Results: - High growth rate of GDP (at an average of 7.3%) - Increased proportion of high-skilled employees (from 11% to 30%) - IT domestic and export sales increased by 10 times 7
8 The 1990s Main economic challenge: to ensure that the nation would adopt high-technology Actions: - Government invested 6 billion SGD in the clustering of high technology institutions (technological research by National University of Singapore, Nanyang Technological University etc.) - Expansion of economic activity in the region: relocating investments in manufacturing to Malaysia and Indonesia, acting as the financial hub for them. Results: - Share of financial services in GDP skyrocketed to 30% - Number of scientists surged to 10,000 - Economy grew at an average of 8% 8
9 Current state and plans Manufacturing - Electronics - Chemicals - Engineering - Biomedical manufacturing Construction Commercial services - Wholesale and retail trade - Financial services - Business services Transport and Commutations Tourism K E Y I N D U S T R I E S Plans: - to continue transformation into a hightech economy - to expand external ties through WTO, ASEAN and bilateral arrangements - to instill more creativity into education system 9
10 Lee Kuan Yew Born in Singapore in 1923 (91) Education: University of Cambridge, lawyer was the prime minster of Singapore from 1959 to 1990, making him the longest-serving PM in the world history widely recognized as the founding father of modern Singapore 10
Can Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA)
Can Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA) Can Malaysia Create Better Returns for Global Investors? Malaysia
More informationAsia-Pacific Trade Briefs: Hong Kong, China
i Asia-Pacific Trade Briefs: Hong Kong, China Merchandise Trade Hong Kong, China has a trade-to-gdp ratio of 386.95%. Merchandise trade accounted for 86.3% of Hong Kong, China's total trade in 2017. Hong
More informationWorksheet 5 Hong Kong: From Entrepot to International Financial Centre
S1 IH A Brief History of Hong Kong 23 IH Worksheet 5 Hong Kong: From Entrepot to International Financial Centre Over the last two centuries, the world has undergone a lot of changes and so has Hong Kong.
More informationSingapore GROSS DOMESTIC PRODUCT
Singapore GROSS DOMESTIC PRODUCT The Singapore economy staged a strong recovery in 1999. After an anaemic 0.4 percent growth in 1998, economic output expanded by 5.4 percent in 1999. Growth was led mainly
More informationSingapore Fact Sheet GENERAL INFORMATION SHARE CAPITAL
Singapore Fact Sheet GENERAL INFORMATION Company type Private Limited Company (Pte Ltd) Timeframe for company formation 3 to 5 days* Legislation Singapore Companies Act 1963 Legal system Common Law Corporate
More informationINVESTMENT environments IN VIETNAM
VIETNAM The Economic and Cultural Office in Taipei INVESTMENT environments IN VIETNAM Mr. Bui Trong Dinh Assistant to the Head Office / in charge of investment Taipei - October 2010 1 VIETNAM investment
More informationContents. The Singapore Economy. The Financial Crisis. From Third World to the First Singapore Economic Development Strategy
From Third World to the First Singapore Economic Development Strategy Contents The Singapore Economy History Structure Principles Strategies The Financial Crisis 1 The Singapore Economy History 1965 1978:
More informationJAMPRO Workshop July 26, Alvin Wint
JAMPRO Workshop July 26, 2017 Alvin Wint DBR Rank 1 10, 2017 DBR Rank Country Population (m) HDI Rank 2016 1 New Zealand 4.8 13 2 Singapore 5.6 5 3. Denmark 5.8 5 4. Hong Kong 7.4 12 5. South Korea 51.4
More informationVIETNAM BRIEF ABOUT THE COUNTRY AND OPPORTUNITIES IN DOING BUSINESS
VIETNAM BRIEF ABOUT THE COUNTRY AND OPPORTUNITIES IN DOING BUSINESS 1 CONTENTS: I. OVERVIEW OF ECONOMY IN VIETNAM II. III. IV. OVERVIEW OF FDI IN VIETNAM PROCEDURES FOR INVESTMENT TIPS FOR DOING BUSINESS
More informationANZ Submission to the Department of Foreign Affairs and Trade White Paper Public Consultation
ANZ Submission to the Department of Foreign Affairs and Trade White Paper Public Consultation February 2017 A. INTRODUCTION 1. ANZ welcomes the opportunity to contribute to the Department of Foreign Affairs
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Australia s findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Australia s findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid
More informationDoing Business in Myanmar. Aung Naing Oo Director General Directorate of Investment and Company Administration
Doing Business in Myanmar Aung Naing Oo Director General Directorate of Investment and Company Administration Outline 1 2 2 3 4 5 6 7 8 9 Highlight of Myanmar Reforms Investment Laws Special Economic Zones
More informationUOB is rated among the world s top banks: Aa1 by Moody s and AA- by Standard and Poor s and Fitch Ratings respectively.
UOB, your partner in Asia United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and
More informationAask Advisory Services Pte. Ltd.
Aask Advisory Services Pte. Ltd. Corporate Governance, Risk management, Increased shareholder Value Africa is our business 28 September 2016 Southeast Asia's diverse economies 10 nations with populations
More informationResearch on Inviting Foreign Direct Investment to Guangxi Province of China
International Journal of Econometrics and Financial Management, 2014, Vol. 2, No. 6, 257-261 Available online at http://pubs.sciepub.com/ijefm/2/6/6 Science and Education Publishing DOI:10.12691/ijefm-2-6-6
More informationInvestor Country Report Mauritius
Investor Country Report Mauritius Mauritius October 2015 Contents: 1. Country Overview 2. The Mauritian Economy 3. The Mauritian Business Environment 4. The Mauritian Fiscal Regime 5. The Financial Services
More informationShankaran Nambiar. Senior Research Fellow. Malaysian Institute of Economic Research. Malaysian Institute of Economic Research
Shankaran Nambiar Senior Research Fellow Outline Introduction ASEAN Economic Community (AEC) ASEAN as a Single Market & Production Base Trade Agreement and ASEAN Malaysia as ASEAN s Investment Hub Introduction
More informationSri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy)
Sri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy) September 2018 8th Meeting of the Asia Pacific FDI Network, Thailand
More informationINTERNATIONAL TAX PLANNING. Singapore Domestic Law And Treaties SHANKER IYER FCA
INTERNATIONAL TAX PLANNING Singapore Domestic Law And Treaties SHANKER IYER FCA Contents Singapore Tax System Corporate & personal Recent tax developments What makes Singapore an attractive centre for
More informationFiscal Sustainability and Competitiveness in Europe and Asia
Fiscal Sustainability and Competitiveness in Europe and Asia This page Intentionally left blank Fiscal Sustainability and Competitiveness in Europe and Asia Ramkishen S. Rajan Adjunct Senior Research Fellow,
More informationChina s Overseas Direct Investment (ODI): Current situation and future outlook
China s Overseas Direct Investment (ODI): Current situation and future outlook New York Stock Exchange (NYSE) Dr. Qin Xiao Chairman, the Boyuan Foundation January 7, 2015 Agenda A. China s ODI: High Growth
More informationFREE TRADE AGREEMENTS ANALYSIS
FREE TRADE AGREEMENTS ANALYSIS F R E E T R A D E A G R E E M E N T S I N F O R C E Free Trade Agreement About the Free Trade Agreement ASEAN-Australia-NZ Free Trade Agreement (AANZFTA) The AANZFTA is Australia
More informationBY CHARGE D AFFAIRES KENYA HIGH COMMISSION KUALA LUMPUR MS. DORCAS RUKUNGA
BY CHARGE D AFFAIRES KENYA HIGH COMMISSION KUALA LUMPUR MS. DORCAS RUKUNGA Total landmass of 329,845 km 2 Kuala Lumpur is the Capital city Putrajaya is administrative centre. Population 31.0 Million (2015)
More informationNikkei Asia300 Index Index Guidebook
Nikkei Asia300 Index Index Guidebook Nikkei Inc. This document is the index guidebook of the Nikkei Asia300 Index published by Nikkei Inc. (Nikkei) since December 1, 2016. The document is drawn up by Nikkei
More informationYen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI
Yen and Yuan The Impact of Exchange Rate Fluctuations on the Asian Economies C. H. Kwan RIETI November 21 The Yen-dollar Rate as the Major Determinant of Asian Economic Growth -4-3 -2 Stronger Yen Yen
More informationStrategies for Successful Business in Asia Fasico is proud to be a partner of
Strategies for Successful Business in Asia Fasico is proud to be a partner of Introduction to Fasico Established as a fully independent consulting firm, in position to support European companies in Asia.
More informationASEAN Snapshot. Special Coverage On Tourism May 2018 ASEAN ESTABLISHMENT ASEAN ECONOMIC PERFORMANCE ASEAN COUNTRIES DECLARED INDEPENDENCE
Snapshot Special Coverage On Tourism May 2018 The Association of Southeast Asian Nations () was established on 08 August 1967 in Bangkok,, with the signing of the Declaration. -10 was formed when the 10th
More informationBlackmores Half-Year Financial Results. Half-Year ended 31 December 2016
Blackmores Half-Year Financial Results Half-Year ended 31 December 2016 1 2 Invoiced Sales ($m) Second quarter showed strong improvement, though first half sales and profit down Improved Q2 sales up 16%
More informationQuarterly Economic Outlook: Quarter on 25 September 2018 Strong Economic Expansions amidst Uncertainty of Trade War
Foregin Direct Investment (Billion USD) China U.S. Asia World Quarterly Economic Outlook: Quarter 3 2018 on 25 September 2018 Strong Economic Expansions amidst Uncertainty of Trade War Thai Economy: Thai
More informationANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with
ANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with Indonesia February 2017 A. INTRODUCTION 1. ANZ welcomes the
More informationConnecting Global Business Opportunities Successfully Through Cross Border Referrals
Connecting Global Business Opportunities Successfully Through Cross Border Referrals CHRIS DIETZ Executive Vice President, Global Operations Leading Real Estate Companies of the World London/UK AGENDA
More informationMINISTER of FINANCE II An exclusive report to be distributed with THE INDEPENDENT
MINISTER of FINANCE II An exclusive report to be distributed with THE INDEPENDENT Topics for an interview with YB Dato Seri Haji Ahmad Husni bin Mohamad Hanadzlah Minister of Finance II World Report: The
More information"The Comprehensive Survey on the International Business Strategy in Japan"
"The Comprehensive Survey on the International Business Strategy in Japan" January 10, 2001 Nomura Research Institute, Ltd. International Consulting Department Copyright (C) 2001 Nomura Research Institute,
More informationUnit 4. Mixed Macroeconomic Performance of Nepal TULA RAJ BASYAL * ABSTRACT
Unit 4 Mixed Macroeconomic Performance of Nepal TULA RAJ BASYAL * ABSTRACT Nepal continues to remain an Least Developed Country (LDC) with a per capita income of around US $ 300. The structure of the economy
More informationTaxes for Nation Building 14 August 2017
www.pwc.com Taxes for Nation Building 14 August 2017 Taxes for Nation Building 14 August 2017 1. Introduction 2. Singapore s tax milestones 3. Going forward 1. Introduction Singpoare s GDP per capita (current
More informationSINGAPORE: Introduction to Singapore and the EDB
SINGAPORE: Introduction to Singapore and the EDB Singapore Economic Development Board The Lead Agency that Plans and Executes Economic and Industrial Development Strategies for Singapore Attract Foreign
More informationEconomics Hong Kong chart book HKD rates are sensitive to rising USD rates
Economics Hong Kong chart book HKD rates are sensitive to rising USD rates Group Research 11 October 218 Samuel Tse Economist Please direct distribution queries to Violet Lee +6 6878281 violetleeyh@dbs.com
More informationKazakhstan: on the wave of structural reforms. Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute
Kazakhstan: on the wave of structural reforms Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute September 2015 New economic reality: transformation of global economy Over the last 12
More informationRole of RCI in Addressing Developing Asia s Long-term Challenges
Role of RCI in Addressing Developing Asia s Long-term Challenges Yasuyuki Sawada Chief Economist and Director General Economic Research and Regional Cooperation Department Asian Development Bank International
More informationSession 1 : Economic Integration in Asia: Recent trends Session 2 : Winners and losers in economic integration: Discussion
Session 1 : 09.00-10.30 Economic Integration in Asia: Recent trends Session 2 : 11.00-12.00 Winners and losers in economic integration: Discussion Session 3 : 12.30-14.00 The Impact of Economic Integration
More informationGlobal Financial Crisis: Global Financial Crisis: Fundamental
Global Financial Crisis: Fundamental Causes and Remedies Narongchai Akrasanee, Ph.D. Chairman, Export - Import Bank of Thailand Chairman, MFC Asset Management Plc. 23 rd Asia-Pacific Roundtable 1-4 June
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The United States findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey The United States findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for
More informationPTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION
PTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION Sufian Jusoh Institute of Malaysian and International Studies (IKMAS) Regional Dialogue On ENHANCING THE CONTRIBUTION
More informationASEAN-India Network of Think-Tanks (AINTT) Workshop
ASEAN-India Network of Think-Tanks (AINTT) Workshop ASEAN-India Service and Investment Agreements and its implication on the Economic Cooperation between Laos and India Viengsavang THIPPHAVONG Economic
More informationIntroduction. Mr. President,
Statement on behalf of the Members of the Association of Southeast Asian Nations (ASEAN) Delivered by Mr. Kiengkhammanh Khottavong, Economic and Commercial Counsellor of the Permanent Mission of the Lao
More informationSingapore Budget. Commentary 2013
Singapore Budget Commentary 2013 SINGAPORE BUDGET 2013 Commentary by MGI Menon & Associates Executive Summary Finance and Deputy Prime Minister Mr Tharman Shanmugaratnam presented the 2013 Budget on 25
More informationAsia Bond Monitor November 2018
January 9 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets L ast week, the Philippines raised USD. billion from the sale of -year global bonds priced at basis points above benchmark
More informationAsia Bond Monitor November 2018
7 December 8 Key Developments in Asian Local Currency Markets T he monetary board of the Bangko Sentral ng Pilipinas decided to keep its key policy rates steady during its final meeting for the year on
More informationWave 2 of the East Asia Retirement Survey
From Challenge to Opportunity Wave 2 of the East Asia Retirement Survey Richard Jackson President Global Aging Institute Hong Kong Media Roundtable Hong Kong September 4, 2015 Gap.GlobalAgingInstitute.org
More informationSIP Aggressive Portfolio
SIP LIFESTYLE PORTFOLIOS FACT SHEET (NOV 2015) SIP Aggressive Portfolio SIP Aggressive Portfolio is a unitized fund, which is designed to provide long term capital growth. It is designed for those who
More informationWave 2 of the East Asia Retirement Survey
From Challenge to Opportunity Wave 2 of the East Asia Retirement Survey Richard Jackson President Global Aging Institute Conference & Media Workshop Hanoi September 8, 2015 Gap.GlobalAgingInstitute.org
More informationInvestment Theme 3Q18. Ageing Population. Source: AFP Photo
Investment Theme 3Q18 Ageing Population Source: AFP Photo 91 Investment Theme III: Ageing Population Jason Low, CFA Strategist The global population is growing older and people are living longer. Demographics
More informationKey Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports.
2011 Key Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports. The 2011 Saudi Budget Why Invest in Saudi Arabia?
More informationIndia: Great Expectations
1 Emerging Market Experts Bangalore, India New China: Impact of The Chinese Consumer India is widely expected to be one of the fastest growing economies in the world despite challenges of poor infrastructure,
More informationKIM M ROONEY CURRICULUM VITAE
KIM M ROONEY CURRICULUM VITAE Kim Rooney is an international arbitrator and barrister. She has been practicing in Asia, based in Hong Kong, since 1990. Before moving to become a Hong Kong barrister in
More informationChina in the World Trade System
Phone: (852) 2609-8600; Fax: (852) 2603-5230 Email: LAWRENCELAU@CUHK.EDU.HK; WebPages: http ://www.cuhk.edu.hk/vc China in the World Trade System Lawrence J. Lau, Ph. D., D. Soc. Sc. (hon.) Vice-Chancellor
More informationGrowing Asia: Its Promising Markets
Prepared for ASF Annual General Meeting 2011 Growing Asia: Its Promising Markets Sung-Uk Yang Sep 29, 2011 Korea Financial Investment Association Table of Contents I. Intro: Recent Issues II. III. IV.
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Malaysia s findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Malaysia s findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The Philippines findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey The Philippines findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a
More informationGROWTH CONTRIBUTING FUTURE PROSPECTS. Summary and Selected Figures and Tables FACTORS TO CHINA ROWTH, AND ITS
CONTRIBUTING FACTORS TO CHINA HINA S HIGH GROWTH ROWTH, AND ITS FUTURE PROSPECTS Summary and Selected Figures and Tables Directorate-General for Economic Assessment and Policy Analysis Cabinet Office,
More informationB-GUIDE: Economic Outlook
Aug-12 Apr-13 Dec-13 Aug-14 Apr-15 Dec-15 Aug-16 Apr-17 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Quarterly Economic Outlook: Quarter 4 2017 4 January 2018 B-GUIDE: Economic Outlook The economy
More informationNavigator. Now, next and how for business. Hong Kong report
Navigator Now, next and how for business Hong Kong report 2 Hong Kong From Trading Hub to Regional Service Centre As ports in the Mainland become more globally competitive, the build out of Hong Kong s
More informationThe Economic Outlook of Taiwan
The Economic Outlook of Taiwan by Ray Yeutien Chou and Shou-Yung Yin The Institute of Economics, Academia Sinica, Taipei October 2016 Prepared for Project LINK 2016 Fall Meeting, Toronto City, Oct. 19-21,
More informationECONOMIC PROSPECTS FOR HONG KONG IN Win Lin Chou, ACE Centre for Business and Economic Research, Hong Kong
ECONOMIC PROSPECTS FOR HONG KONG IN 2016-17 Win Lin Chou, ACE Centre for Business and Economic Research, Hong Kong I. The Current Trends Real gross domestic product (GDP) in Hong Kong increased 1.7 percent
More informationStrategic benefits Building bridges, shaping globalisation
Strategic benefits Building bridges, shaping globalisation An even closer relationship Taking a stand for open trade Working together to shape globalisation Strengthening our ties with Asia The EU-Singapore
More informationASEAN-Korea Economic Relationship:
ASEAN-Korea Economic Relationship: A Road to More Active Future Cooperation. Choong Lyol Lee, Professor Department of Economics and Statistics Korea University at Sejong ASEAN-Korea Economic Relationship:
More informationPresented by S K Mohanty, Fellow, RIS
Economics of an East Asian FTA Presented by S K Mohanty, Fellow, RIS 1 Structure of Presentation Sustainability of the Asian Eco. Community East Asia FTA emerging as a Mega RTA Changing structure of regional
More informationThe Coalition s Policy for Trade
1 The Coalition s Policy for Trade September 2013 2 Key Points As one of the world s leading trading nations, Australia depends on open and transparent international markets for jobs and economic growth.
More informationGlobalization and Outsourcing Don Rosenfield Session 21
Globalization and Outsourcing Don Rosenfield Session 21 The articles suggest a number of questions What do recent trends suggest for global strategies (e.g changes in Chinese sourcing)? What are strategies
More informationTwo tales of development
Two tales of development BRAZIL-INDIA 17 Liliana Lavoratti, Rio de Janeiro India is still almost unknown to Brazilians in general. Given the distance not only geographically as well as quite different
More informationEconomic and Investment Review. Kelvin Blacklock and Nick Scott Prudential Corporation Asia November 2004
Economic and Investment Review Kelvin Blacklock and Nick Scott Prudential Corporation Asia November 24 24 Key messages Asia saves enormous amounts of capital and is fast becoming the world s provider of
More informationDoing Business in China: Updates and Opportunities
Doing Business in China: Updates and Opportunities September 29, 2006 Andrew M. Pan North American Representative Office of Shenzhen, China (NAROS) Outline China Economic Developments China Regional Economy
More informationFinancial Results for the First Six Months of the Fiscal Year Ending March 31, 2019 [J-GAAP] (Consolidated)
Company Name: Stock exchange listed on: Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2019 [J-GAAP] (Consolidated) Kintetsu World Express, Inc. (KWE) Tokyo Stock Exchange
More informationDoing Business in China. Tuesday, May 3, :00 PM - 5:15 PM
Doing Business in China Tuesday, May 3, 2011 4:00 PM - 5:15 PM The world s second-largest economy China at a glance, 2010 GDP Nominal PPP Growth rate Per capita US$5.745 US$9.872 Value 10.3% US$7,400 trillion
More informationJapan's International Investment Position at Year-End 2009
Japan's at Year-End 2009 September 2010 International Department Bank of Japan This is an English translation of the Japanese original released on May 25, 2010 Japan's international investment position
More informationDoing Business in Singapore
Doing Business in Singapore This document describes some of the key commercial and taxation factors that are relevant on setting up a business in Singapore. Prepared by DFK JKMedora & Co LLP 2 Doing Business
More informationSingapore & Hong Kong as Asian Wealth Management Centres & Overview of CRS AEOI
Singapore & Hong Kong as Asian Wealth Management Centres & Overview of CRS AEOI Irene Lee Head of Business Development Vietnam Wealth Management Forum Ho Chi Minh 7 th September 2017 Plan B: May s Elaborate
More informationOutline. Laos in Brief. Battery of Asia and Land-Linked. Investment Support in Lao for investors
Outline Laos in Brief Battery of Asia and Land-Linked Benefit to business sectors Foreign investment support Investment Support in Lao for investors Laos in Brief Laos Population 6,8 million (2015) Text
More informationMACROFINANCIAL LINKAGES AND THE SINGAPOREAN ECONOMY: EXPERIENCE AND LEARNING POINTS
MACROFINANCIAL LINKAGES AND THE SINGAPOREAN ECONOMY: EXPERIENCE AND LEARNING POINTS Lee Yoong Yoong 1 Research Fellow Institute of Policy Studies Lee Kuan Yew School of Public Policy National University
More informationTrade trends and trade policy developments. Ian Ascough Head of Bilateral Trade Negotiations BIS/DfID Trade Policy Unit
Trade trends and trade policy developments Ian Ascough Head of Bilateral Trade Negotiations BIS/DfID Trade Policy Unit The big picture UK earnings from exports of goods exceeded earnings from exports of
More informationThe DBS Group Holdings Ltd ( DBSH or the Company ) Board of Directors report unaudited financial results for the second quarter ended June 30, 2005.
DBS Group Holdings Ltd Incorporated in the Republic of Singapore Company Registration Number: 199901152M To: Shareholders The DBS Group Holdings Ltd ( DBSH or the Company ) Board of Directors report unaudited
More information27 January ARA-CWT Trust Management (Cache) Limited
4Q 2010 Financial Results 27 January 2011 ARA-CWT Trust Management (Cache) Limited Agenda 4Q 2010 Financial Results Portfolio Update Going Forward 2 Highlights 4Q 2010 Results Net Property Income of S$14.4m
More information512.0-RRE/CHW Hong Kong, 31 st May Annual Economic report: Macao 2015
Consulate General of Switzerland in Hong Kong 512.0-RRE/CHW Hong Kong, 31 st May 2016 Executive Summary Annual Economic report: Macao 2015 The economy of Macao recorded rapid growth rate between 9-25%
More informationAdvanced and Emerging Economies Two speed Recovery
Advanced and Emerging Economies Two speed Recovery 23 November 2 Bauhinia Foundation Research Centre Masaaki Shirakawa Governor of the Bank of Japan Slide 1 Japan s Silver Yen and Hong Kong s Silver Yuan
More informationThe role of private pension in Homo-Hundred era
The role of private pension in Homo-Hundred era Many a little makes a mickle many a pixel makes a picture by Yvonne Sin Towers Watson 26 September 2013 Outline The retirement gap challenge The emerging
More informationPage number and original content: Contents page Changed to: Page numbers added
Contents page Page numbers added Abbreviations page EU, Libor, MWh, NAFTA, UK, WTO were deleted from the list Part 1 divider page, Slow growth.. Solid growth p.1, Figure 1.0.1 NIEs = newly industrialized
More informationINDEX. Note: Page number followed by n refer to endnotes
INDEX Note: Page number followed by n refer to endnotes A Accenture SEA Business Expansion Survey, 72 73 Agreement of Movement of Natural Persons, ASEAN, 59 ASEAN-Australia-New Zealand Free Trade Agreement
More informationtariff global business nontariff barriers multinational corporation quota direct foreign investment trade barriers voluntary export restraints
global business tariff multinational corporation nontariff barriers direct foreign investment quota trade barriers voluntary export restraints protectionism government import standard A direct tax on imported
More informationNikkei Asia300 Index Index Guidebook
Nikkei Asia300 Index Index Guidebook Nikkei Inc. This document is the index guidebook of the Nikkei Asia300 Index published by Nikkei Inc. (Nikkei) since December 1, 2016. The document is drawn up by Nikkei
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY 9 January 7 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Indonesia eased to.% year-on-year (y-o-y) in December from.6% y-o-y
More informationIndia: Great Expectations
India: Great Expectations Bangalore, India NEW CHINA: IMPACT OF THE CHINESE CONSUMER India: Great Expectations India is widely expected to be one of the fastest growing economies in the world despite
More informationInterim Results August Leading the way in Asia, Africa and the Middle East
Interim Results 2005 8 August 2005 Leading the way in Asia, Africa and the Middle East Leading the way in Asia, Africa and the Middle East Bryan Sanderson Chairman Performance highlights Income US$3,236m
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY October 6 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets T he People s Republic of China s (PRC) gross domestic product (GDP) grew 6.7% year-on-year (y-o-y)
More informationEconomic Growth and Port Development in Taiwan
Economic Growth and Port Development in Taiwan Hiroshi IKEGAMI Senior Overseas Research Fellow (Taipei), IDE-JETRO 2017/3/14 (C) IDE-JETRO All rights reserved. 1 Today s Presentation 1. Location of Taiwan
More informationNIELSEN: HONG KONG EXPERIENCES HIGHEST RISE IN CONSUMER CONFIDENCE AMONG 29 COUNTRIES SURVEYED IN THE FOURTH QUARTER
The Nielsen Company www.nielsen.com News Release FOR IMMEDIATE RELEASE CONTACT: Acky Chan Tel: (852) 2856 7337 / 9223 5793 Email: acky.chan@nielsen.com NIELSEN: HONG KONG EXPERIENCES HIGHEST RISE IN CONSUMER
More informationVolume Title: Trade and Structural Change in Pacific Asia. Volume URL:
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Trade and Structural Change in Pacific Asia Volume Author/Editor: Colin I. Bradford, Jr.
More informationNavigator. Now, next and how for business. Ireland report
Navigator Now, next and how for business Ireland report 2 Ireland Some rays of light amongst the Brexit clouds Ireland s close trading links with the UK leave it more exposed to third-party Brexit risks
More informationKGRI Working Papers. Prospects for a Multicurrency Clearing System in Asia. No.6. Junichi Shukuwa 1 and Masaya Sakuragawa 2
KGRI Working Papers No.6 Prospects for a Multicurrency Clearing System in Asia Version1.0 March 2017 Junichi Shukuwa 1 and Masaya Sakuragawa 2 Keio University Global Research Institute Copyright 2017 Junichi
More informationGATS + Liberalization in East Asian FTAs: Architectural Aspects and Achievements
2007/SOM2/IEG-GOS/WKSP/016 Session 3 GATS + Liberalization in East Asian FTAs: Architectural Aspects and Achievements Submitted by: World Bank Workshop on the Relationship Between Investment and Trade
More informationJapan's Balance of Payments Statistics and International Investment Position for 2016
Japan's Balance of Payments Statistics and International Investment Position for 16 July 17 International Department Bank of Japan Japan's balance of payments statistics for 16 -- the annually revised
More information