With globalization, countries can become integrated through foreign trade and investments.
India, for example, is a country that is growing consistently over the last several years -- proving that globalization has many positive and negative effects on culture, society or a country's economy.
Read more here.
Picture: Taj Mahal, India.
The International Monetary Fund (IMF) reports that the world is in the grips of a deepening recession. I look at it that we are in the grips of a world of opportunity. We just have to work smart at finding it.
Read more here.
Separately, I was a part of a vibrant panel discussion on global business early yesterday morning for Crain's Chicago Business. I met so many interesting people and I just want to say, "thank you" to all who came up to me after the talk to say nice things. One attendee, a trained psychologist who specializes in family business said, "One of your statements really resonated with me." And I quickly asked, "Oh, you mean the one about 'begin with the end in mind?'" He said, "No, the one where you declared 'make it very hard for people on the Internet not to find you." To him and everyone else who attended, I say, "nice to meet you and thank you for listening!"
I am not sure if you are following my export series over at OPEN Forum by American Express. If you are, ignore this post. If you aren't, pay a visit to my latest two-part installment:
The Art of Closing the Export Deal
And as always, let me know what you think of it.
As exports declined, China's Alibaba.com came up with a strategy to make its service a lot more affordable.
A lesson for us all is in this story: How to position your business now for when exports recover.
Read more here.
Photo: (from left to right) Paul Chow, Chief Executive of HKEx; David Wei, CEO of Alibaba.com; Jack Ma, CEO of Alibaba Group; and Ron Arculli, Chairman of HKEx -- back when Alibaba.com commenced trading on the HKEx.
There is much to wonder about and learn from the Obama administration on a balanced approach to international taxation and global competitiveness.
Take a timeout to read, "Taxing Times For Global Business," which covers the administration's crackdown on tightening perceived loopholes.
It goes to show you how important speaking more than one language is to our world (growth potential appears to be enormous). The Arlington, VA-based language instruction company, Rosetta Stone, saw its share prices soar last week in its debut on the New York Stock Exchange.
As reported in the WSJ on Friday, April 17:
"We have a real opportunity to grow globally," said Rosetta Chief Executive Tom Adams after the stock began trading.Read more here.