Global economy under crisis John Smithson, Golden Funds Ltd. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
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Global economy under crisis
John Smithson, Golden Funds Ltd.
In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in
receiving the included information for research and educational purposes.
Agenda
o Welcome and Introductions
o Crisis as an opportunity
o Global economyo World Banko East Asia
Economyo Our Strategyo Discussion: How to
be More Effective Together
Crisis as an opportunity
o Crisis as opportunity to address long-term challengeso Economic diversification
through a more competitive business
o Environmento Job creationo Tackling inequalityo Ensuring fiscal sustainability.
Double threat of decliningo revenues from commodity
exports and SACU revenues may not last
Global economy from boom to bust
United 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
o 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”
o Empowering developing and emerging countries and economies is imperative
o Helping nations pursue economic development and long-term prosperity should be the goal of development finance.
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
Commodities market
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
East Asian Economies
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.
Thailand & Vietnam
Our Strategy: Two Prong Approach
o Support Existing Economic Development Efforts & Organizationso Marketingo Lead Executiono Convene/Collaborate
o Proactively Promote NEO to Enhance Current Effortso Leverage Effortso Enhance Promotiono Extend US Targets
Globally
Prominent Site Selection Consultants• Larger
projects, set the region’s reputation
High opportunity industries• Bio-
medical (devices), Advanced Energy
Minority Owned Businesses• Teami
ng with NOMSDC, HBA
Strong emphasis on in-region referrals
Emerging: Proactive International Attraction
Lead Execution Support
Build the “Business Case” for the customer
As hard as it is to admit, your belief could be one of the main reasons why you’re not earning your dream
income.
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