International Economic Growth  Community Involvement  Innovation  International Advocacy

International Economic Growth
Taking your business global

AFRICA

Many businesses are building plants in South Africa, the economic powerhouse for the continent. The nation is home to many of the leading automotive brands in the world, such as BMW.

African culture is incredibly interesting because it is very diverse. Every African country is made up of a mix of tribes; each with their own unique language and culture. The second-largest and second most-populous continent is a great place to extend your international affairs.

Many businesses are building plants in South Africa, the economic powerhouse for the continent. The nation is home to many of the leading automotive brands in the world, such as BMW.

 

ASIA

For the past three decades remarkable economic growth has occurred in East Asia. Growth in East Asia has been concentrated in eight economies that have formed three waves of growth.

For the past three decades remarkable economic growth has occurred in East Asia. Growth in East Asia has been concentrated in eight economies that have formed three waves of growth. Since 1960 these eight economies together have grown about twice as fast as the rest of East Asia and the industrial economies, about three times as fast as Latin America and South Asia, and about five times as fast as Sub-Saharan Africa.

Despite the 1997 Asian financial crisis, most of the East Asian economies, referred to as the “Four Asian Tigers,” are financially stable with a focus on developing goods for export to highly-industrialized nations.

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AUSTRALIA

The Australian economy is a great success story. The country has one of the strongest economies in the world—competitive, open and vibrant.

The Australian economy is a great success story. The country has one of the strongest economies in the world—competitive, open and vibrant. The nation’s high economic performance stems from effective economic management and ongoing structural reform. Australia has a competitive and dynamic private sector and a skilled, flexible workforce.

In 2005, the Australian economy was ranked the most resilient in the world for the fourth consecutive year, providing a very compelling case for business investment. The same year, Australian economy has been ranked 9th globally in overall competitiveness and third in the Asia Pacific region.

 

EUROPE

The European Union, a supranational and intergovernmental union of nation-states, made up of countries such as The U.K., Germany and Spain, has the largest economy in the world, with a GDP of 13.4 trillion USD in 2005.

Considered as a single entity, the European Union has the largest economy in the world, with a GDP of 13.4 trillion USD in 2005. The EU economy has grown at around 2% per annum so far this century. The EU's rate of growth is expected to increase — growth for 2007 is expected to be at 2.7%. Germany, the largest economy in the EU, grew 2.7% in 2006 and is expected to grow at around 2% by the end of 2007.

The supranational and intergovernmental union of nation-states, made up with countries such as The U.K., Germany and Spain is set to continue to grow above potential throughout the year despite an increase in oil prices of 80% since the start of 2005.

 

NORTH AMERICA

The Bahamas' stable "free-market" oriented government, booming real estates and excellent no income tax policy makes the Bahamas the perfect place to do business. Real estate entrepreneurs can take advantage of all the advantages of international realty.

The Bahamas' stable "free-market" oriented government, booming real estates and excellent no income tax policy makes the Bahamas the perfect place to do business. Real estate entrepreneurs can take advantage of all the advantages of international realty. The Bahamian real estate market is booming, as thousands of Americans, Europeans, and Asians are discovering that this sub-tropical heaven is the best place to buy their second home.

The Bahamas booming economy of tourism and the native language being English makes it easier for business to be processed in the small nation.

 

SOUTH AMERICA

As of early 2007, South America is experiencing great economic development, with Argentina, Chile and Venezuela growing their economies by over 5% per annum.

As of early 2007, South America is experiencing great economic development, with Argentina, Chile and Venezuela growing their economies by over 5% per annum. But the powerhouse country for South America is Brazil.

Brazil possesses large and well-developed agricultural, mining, manufacturing and service sectors. The country’s labor pool outweighs any other Latin American country. Since 2004, Brazil has enjoyed more robust growth that yielded increases in employment and real wages.

Community Involvement
Your company’s key to success

AFRICA

De Beers, the world’s leading diamond company, has made it a policy for its associates to get involved in the community. The De Beers Community Policy is a distillation of the many protocols, guidelines and operating practices that the diamond company developed and refined over the years to ensure its relationships with its neighbors. It’s characterized by mutual respect and understanding.

De Beers has a long and proud tradition of commitment to good corporate citizenship. This commitment is expressed in part through its considerable social investment activities through the investments it makes in social development and progress around the world.

Here are a few examples of the many community support programs De Beers partakes in:

Black Economic Empowerment - companies who conduct small scale diamond mining in an environmentally and socially responsible manner, with whom De Beers can reciprocally share skills and selected diamond resources.

  • Work in partnership with its neighbors to develop measures aimed at the protection of traditional knowledge or traditional practices that may be placed at risk by its operations. 
  • The De Beers Group is an active supporter of FADD, the Angolan Sports Federation for the Handicapped, and FESA, a non-profit organization supporting social and humanitarian projects.
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Source De Beers: http://www.debeersgroup.com/debeersweb/Investing+in+the+Future/Communities/

ASIA

Honda, the 19th largest company in the world, actively supports the community. Honda has made it a priority to give back to communities throughout the world.

Honda believes its commitment to products that improve the quality of life goes hand in hand with their dedication to the community.

Here are a few examples of the many community support programs Honda has developed:

  • Little League Baseball World Series - As a national sponsor, the company helps Little League Baseball manage the logistics involved in running the World Series by donating a fleet of 20 Honda automobiles.
     
  • California Coastal Clean-up - California Coastal Clean-up Day is an annual volunteer event designed to assist in the preservation of California's coastline and marine environment. Each year American Honda associates and volunteers throughout Los Angeles County have gone to over 400 clean-up sites statewide to take part in the event.
     
  • ASIMO worldwide demonstration - Highlights the importance of engineering and science to students around the world with ASIMO, the world’s most advanced humanoid robot, demonstrations. Teachers and students who attend the shows receive a math and science themed ‘Study Buddy’ teaching aid.
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Source: Honda Motors http://corporate.honda.com/america/

AUSTRALIA

Woodside is Australia's largest publicly traded oil and gas exploration and production company. The petroleum company acknowledges its responsibility to shareholders and regularly reviews its citizenship commitments, and ensures they align with Woodside’s business objectives and deliver maximum community benefit.

Every year Woodside works with a diverse range of community-based organizations to deliver better social, environmental and cultural opportunities both in Australia and overseas.

Here are a few examples of the many community support programs Woodside contributes to:

  • Art Gallery of Western Australia - annually showcases student art and design in Perth and the Pilbara. Teachers and students in the Pilbara area of Western Australia are also able to participate in annual development workshops.
     
  • Libya Energy Week - support oil and gas investment and development in Libya.
     
  • American Association of Petroleum Geologists Conference - Sponsorship of the premier global petroleum geotechnical conference that involves approximately 2000 specialists and government representatives.
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Source: Woodside Petroleum http://www.woodside.com.au/

EUROPE

Nestlé, headquartered in Switzerland, is well integrated in the communities where it runs its industrial and commercial operations, through its social and humanitarian actions in line with its "Corporate Business Principles".

Throughout the world, Nestlé people are involved in many programs and projects designed to strengthen the local community and the particular nation.

Here are a few examples of the many community support programs Nestle has developed:

  • Nestlé Adopt-a-School - an employee-driven effort, the cornerstone of commitment to public schools in disadvantaged communities local to Nestlé sites in the USA. More than 23,000 young students under 7 years of age benefit annually from free books and motivational literacy programs.
     
  • Alimentarium Foundation & Food Museum – provides nutritional education. The permanent exhibition involves five various aspects of food and nutrition as they affect each and every one of us: cooking, purchasing, eating, digesting, and the history of Nestlé.
     
  • Progressive Farmer Plan – Assists over 26,000 milk farmers from Pakistan, Indonesia, Mexico, and Vietnam sustains supplies of continued excellent quality milk.
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Source: Nestlé http://www.community.nestle.com/

NORTH AMERICA

The Coca Cola Company strives to be the best neighbor possible by strengthening the places its employees and consumers call home. This has helped make the conglomerate number one across the globe!

In nearly 200 countries it does business, the Coca Cola Company celebrates a tradition of giving back to the community from all aspects; through sponsorships, educational support, volunteerism or diversity initiatives.

Here are a few examples of the many community support programs that the Coca Cola Company partakes in:

  • Art of Harmony – an artistic competition focused on developing high school students’ artistic talents, financial incentives for higher learning and a chance for self-expression.
     
  • Reaching Out Projects Sponsorship: Hosea Williams Feed the Hungry – aims to rescue, restore and re-stabilize people in crisis and building a caring community of humanity worldwide.
     
  • Diversity Leadership Academy - an innovative experiential learning program for leaders from all sectors of our society. The program brings leaders together to learn the principles of diversity management, benefit from each other's knowledge and experience, and work collectively to address the diversity issues and opportunities facing the community.
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Source: The Coca Cola Company http://www.thecoca-colacompany.com/

SOUTH AMERICA

Headquartered in Brazil under the Gerdau Group, Gerdau Ameristeel believes community building and support is a central responsibility of leadership. Its employees take an active role in seeking out and helping people in the community.

Gerdau Ameristeel, internationally known as producer of long-rolled steel, and a leader in laminated steel products and producers of reinforcing steel, financially supports many charities and events. The company encourages its employees to participate in regular community service projects.

Here are a few examples of the many community support programs Gerdau Ameristeel partakes in:

  • Executive Women International - recognizes the importance and potential of an association of key women working with their executives to promote their firms and improve their community.
     
  • Habitat for Humanity - has built and rehabilitated more than 150,000 houses with families in need, becoming a true world leader in addressing the issues of poverty housing.
     
  • Goodwill Industries - one of the world’s largest nonprofit providers of education, training and career services for people with disadvantages, such as welfare dependency, homelessness and lack of education or work experience, as well as those with physical, mental and emotional disabilities.
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Source Gerdau Ameristeel http://www.ameristeel.com/company/ci/index.cfm

Innovation
Concept of exploration – Innovations and Inventions around the world

AFRICA

A Human Tradition of Innovation -

In B.C. 238, ancient Egyptians invented the Modern 365-day and Leap Year Calendar.

Save the Date

Ancient Egyptians created the current 365-day calendar, possibly, without knowing it. Egyptians followed a calendar system of 360 days, and reserved five days, at the beginning of the years as the “the yearly five days,” for feasting and celebrating a new years.

Sources: Ancient Egypt Online http://www.ancient-egypt-online.com/ancient-egyptian-inventions.html

ASIA

A Human Tradition of Innovation -

In A.D. 105, China’s Ts’ai Lun invented Paper.

Take Note

Ts’ai Lun, of China, developed a technique for creating paper by mixing certain tree barks and fibers with water and using firm tools to create a quality, lightweight, easy to make writing surface. Today, tons of paper is used for communication.

Other Interesting Asian Invention

In 1969, Sony of Japan invented the Videotape Cassette.

Source: The World Almanac for Kids http://www.worldalmanacforkids.com/WAKI-Home.aspx

AUSTRALIA

A Human Tradition of Innovation -

In 1838, James Raymond introduced the world's first Pre-paid Postal System.

Lick & Stick

Australian postmaster, James Raymond, introduced the concept of the world’s first pre-paid postal system. He suggested stamped sheets to be used as envelopes. The system is now the standard for pre-paid packaging. Not to mention the source of passion for philatelists the world over.

Source: Australian Dictionary of Biography http://www.adb.online.anu.edu.au/biogs/A020319b.htm

EUROPE

A Human Tradition of Innovation -

In 1987, Sir Clive Sinclair invented the Laptop Computer.

You Can Take It With You

Sir Clive Sinclair, of England, produced the first small, laptop-style machine called the Z88. The machine was made up of a small LCD screen, a silent keyboard, and a word processing system. Sinclair developed the concept of smaller is better, which continues to be followed throughout the computer manufacturing industry, today.

Interesting European Innovations

In 1795, Nicolas Jacques Conté, of France, invented the Modern Pencil.
In 1800, Alessandro Volta, of Italy, invented the Electric Battery.
In 1899, Valdemar Poulsen invented the Tape Recorder.
In 1929, Alexander Fleming, of Scotland, invented Penicillin.

Source: Wikipedia http://en.wikipedia.org/wiki/Clive_Sinclair

NORTH AMERICA

A Human Tradition of Innovation -

In 1891, Whitcomb L. Judson invented the Zipper.

The History of the Zipper

Inventor Whitcomb L. Judson, of the United States, created a clasp locker device to be used on boots. Judson’s successful marketing of the zipper gained him the name of the “Inventor of the Zipper.” Today, zippers are found worldwide on just about anything that needs to be shut – and the concept extends to courteous modern driving etiquette.

Another extremely useful North American Invention

In 1922, Sir Frederick G. Banting, of Canada, invented Insulin.

Source: About.com http://inventors.about.com/library/weekly/aa082497.htm

SOUTH AMERICA

A Human Tradition of Innovation -

In 1898, the Alberto Santos-Dumont invented and flew a Gasoline-Powered Airship.

A Wing & a Prayer - and a Bag of Hot Air

Alberto Santos-Dumont, of Brazil, constructed and flew the first gasoline-powered airship. The creation of one invention paves the way for another to be created. Santos-Dumont was able to complete his work after the gasoline engine was created in 1896. The creation of gasoline-powered airship led the way for today’s blimps.

Sources: Infoplease.com http://www.infoplease.com/ce6/sci/A0802908.html, About.com http://inventors.about.com/od/astartinventions/ss/airship_5.htm

International Advocacy
Facts of doing international business

AFRICA

When doing business in Egypt, make sure the back cover of a written presentation or document is impressive. Most Egyptians read in Arabic, which is read from right to left, therefore, the traditional back cover becomes the front cover.

In Egypt's business world...

  • Tapping the two index fingers together is considered a crude gesture meaning, "Would you sleep with me?"

  • Try not to sit with your legs crossed. Showing the sole of your shoe is considered an insult to another person.

  • Don't use the thumbs up gesture; it is an offensive sign.

  • A gesture meaning "calm down" or "wait a minute" is accomplished in this way: with your palm facing you, touch all your fingers to your thumb, and bob your hand up and down [as if you were weighing something.]
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Source: Executive Planet http://www.executiveplanet.com/index.php?title=Egypt

ASIA

When doing business in Hong Kong, a round of applause may greet you during your visit. The Chinese like to applaud. You are expected to return the applause out of respect.

In Hong Kong's business world...

  • The handshake is fairly common in Hong Kong; however a slight bow will show a sign of respect.

  • Use only black and white materials for presentations, as colors are very significant.

  • Patience is important. The Chinese do not make business decisions quickly.

  • Avoid giving a green hat as a form of gesture because it implies that you are a man whose wife has not been faithful to or that your sister is a prostitute.
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Source: Executive Planet http://www.executiveplanet.com/index.php?title=Hong_Kong

AUSTRALIA

When doing business in Australia, do not boast yourself or hype your company’s accomplishments. Instead, Australians prefer to judge your competence and abilities through your actions.

In Australia’s business world…

  • Shake hands when meeting and when leaving

  • Australians like to criticize themselves, but they are not receptive to criticism from others. Should you show any signs of agreement, abuse will likely be heaped upon you and/or your home country

  • Australians find arguments and opinionated conversation entertaining, so don't hesitate to express your views if they are sincere and informed.

  • Be an active listener, and ask if you do not understand something in the conversation.
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Source: Executive Planet http://www.executiveplanet.com/index.php?title=Australia

EUROPE

When doing business in Germany, businessmen and women do not need or expect to be complimented. In Germany, it is assumed that everything is satisfactory unless the person hears otherwise.

In Germany's business world...

  • When communicating a business plan, do not make last minute changes. Germans do not like surprises. Sudden changes in business transactions, even if they may improve the outcome, are unwelcome.

  • Germans guard their private life, so do not phone a German executive at home without permission.

  • If you do not speak German, be careful of automatically addressing a person in English. While Germans generally speak very good English, some may well feel offended at the presumption.
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Source: Executive Planet http://www.executiveplanet.com/index.php?title=Germany

NORTH AMERICA

When doing business in Mexico, when a businessmen or women say “No” it might really mean “maybe” or “we’ll see.” Mexicans, do not favor the North American tendency to get down to business and take direct positions this can be perceived as rude and pushy.

In Mexico's business world..

  • In Mexican business etiquette, “psst-psst” sound to get another's attention is not considered rude. Some Mexicans use the sound in public.

  • The appearance and presentation of letters, memos, reports, promotional literature, or any other type of document you present in your business dealings, are considered very important and will be subject to scrutiny.

  • Be relaxed and prepare to talk about your family. Mexican businessmen and women like to make deals only with people they feel comfortable with and know.
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Source: Executive Planet http://www.executiveplanet.com/index.php?title=Mexico

SOUTH AMERICA

When doing business in Argentina, don’t be surprised to see two men kissing as a form of greeting. Shaking hands is normal when being introduced, but after that it is common practice to kiss as a sign of a happy meeting.

In Argentina’s business world…

  • Personal relationships are important and must be developed before business is done.

  • During business meetings, sustain a relaxed manner, maintain eye contact and restrict the use of gestures. Don’t take a hard sell approach.

  • Titles, especially among the elderly, are very important. Address a person directly by using his or her title only.

  • Contracts are lengthy and detailed. A contract is not final until all of its elements are signed. Any portion can be re-negotiated. Get everything in writing.
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Source: Executive Planet http://www.executiveplanet.com/index.php?title=Argentina

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