Post on 14-Dec-2014
description
Global economy under crisis
John Smithson, Golden Funds Ltd.
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Agenda
• Welcome and Introductions
• Crisis as an opportunity
• Global economy
• World Bank
• East Asia Economy
• Our Strategy
• Discussion: How to be More Effective Together
Crisis as an opportunity
Crisis as opportunity to address long-term
challenges• Economic
diversification through a more competitive business
• Environment• Job creation• Tackling inequality• Ensuring fiscal
sustainability. Double threat of declining
• revenues from commodity exports and SACU revenues may not last
Global economy from boom to bustUnited States has been in recession
since December 2007 Deepest global recession since WWII.
Japan’s GDP dropped an unprecedented 13.7% in Q42008
Germany’s GDP fell by 8% in Q42008.South Africa’s exports contracted 16%
In JanuaryChina’s exports fell 25% in Feb 2009Brazil’s GDP contracted 3.6% in the
fourth quarter
World Bank calls for aid boost
The World Bank President called on donors to boost financial aid to developing nations which find themselves at the mercy of a crisis that “is not of their making”
Empowering developing and emerging countries and economies is imperative
Helping nations pursue economic development and long-term prosperity should be the goal of development finance.
Commodities market
Oil - $56.45 vs. recent high of $147.96
Gold has been rather steady, around $850.
Wheat fell back to $5 after visiting $18 in just less than 6 months!
Alternative energy resource such as corn has lost its value
East Asian Economies
• Underlying regional political seem to strengthen the East Asian economies in the next phase of global economic recovery.
• The US has signed Treaty of Amity recently, paying the way for possible US’s participation at East Asia Summit (EAS).
• Except North Korea, all countries in the region are committed toprosperous and stable East Asia
Thailand & Vietnam
• Notwithstanding of still unresolved political impasse, Thailand being at the hub of Greater Mekong sub-region, has strong economic fundamental and momentum to move forward.
• •Vietnam under its able and dynamic Prime Minister Nguyễn Tấn Dũng will bring Vietnam to the next lap of strong economic growth.
Our Strategy: Two Prong Approach• Support Existing
Economic Development Efforts & Organizations• Marketing
• Lead Execution
• Convene/Collaborate
• Proactively Promote NEO to Enhance Current Efforts• Leverage Efforts
• Enhance Promotion
• Extend US Targets Globally
Build the “Business Case” for the customer
Lead Execution Support
• Prominent Site Selection Consultants• Larger projects, set the region’s
reputation
• High opportunity industries• Bio-medical (devices), Advanced
Energy
• Minority Owned Businesses• Teaming with NOMSDC, HBA
• Strong emphasis on in-region referrals
• Emerging: Proactive International Attraction
As hard as it is to admit, your belief could be
one of the main reasons why you’re not
earning your dream income.