Most people think of or as the most prominent auto manufactures in Asia. That has certainly been the case for the past years but now the country of is becoming a major manufacturing hub for the continent. Nissan’s Indian factory is less than a year old and covers 600 acres making it one of the company’s largest plants worldwide. Nissan is just one of the many major Asian auto companies that have set up manufacturing hubs in India.
globalEDGE Blog - Page 237
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, the world’s tenth largest economy according to the International Monetary Fund, is seeing troubling signs in the short-term outlook. Recently, India has seen a slowing growth rate in GDP, increase in inflation to 9.1%, and a decrease in local investment. Many economists attribute these worrisome signs to the corruption and scandals plaguing the growing nation. In recent months, the central government has been struggling to get the economy back on track.
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A new by KPMG is claiming that the clean technology sector is a strong force in the economy of several Canadian provinces, including British Columbia. The report says that clean tech firms will directly generate over $2.5 billion for the economy in 2011, not including other economic benefits created by these companies. This is a 57% increase from 2008. The growth is not expected to slow either; KPMG has stated that the sector will grow 16.5% to 8,400 employees in 2011.
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Three months after , a major nuclear reactor disaster seems to have been avoided. However, major doubts surrounding nuclear energy as a safe power source remain in around the world. If these doubts linger, the can be changed dramatically with this significant loss of faith in nuclear energy. Alternative energy sources must be able to replace nuclear energy and many countries will have to develop efficient and sustainable infrastructures to support this energy change.
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Exciting news! The United States Trade and Development Agency, in coordination with the U.S.-Egypt Business Council and the U.S. Chamber of Commerce, as well as the Egyptian Embassy and the U.S. Departments of State and Commerce, will be hosting a to encourage enhanced trade and sustainable economic development in Egypt. , being held this year in Washington D.C., will provide an unprecedented opportunity to foster increased cooperation and trade between the United States and Egypt by encouraging business-to-business networking and highlighting commercial opportunities and financing resources.
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Amid speculation of tax reform in the near future as Tim Geithner has , many critics have wondered what the United States will do to curb the appetite for our cash hungry government. Many have brought up that the U.S. has the one of the highest tax brackets amongst the (Organization of Economic Cooperation and Development). This statement is true; the United States is almost at the top of that list with 35 percent as its top corporate tax bracket, trailing only Japan that tops out at 39.5 percent. This statistic is actually misleading though. While the U.S. has one of the highest statutory tax rates, its marginal tax rate is 27.1 percent. This is due to all the loopholes and tax break incentives the current tax code offers. Many other countries do not offer such tax breaks to companies. To put this figure into perspective, here is a of other OECD countries and their marginal tax rate in 2008:
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After spending a month in Europe, the country that caught my attention the most was . It is a small country, but there is great diversity there. The city I visited was Geneva and I was amazed by the gorgeous nature as well the high prices. However, what surprised me the most was the fact that high end stores such as Louis Vuitton and Gucci were enjoying a decent amount of customers and getting dinner at a restaurant around 8pm was impossible without a reservation.
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After a strong recovery last year, local and foreign investors are optimistic about growth and investment opportunities in . The strong recovery in 2010 was fueled by the increase of exports and tourism as well as growth in the . These factors helped produce an economic growth of 5.5 percent. This was the best result Mexico has experienced over the past decade. Mexico looks to continue this economic growth trend and the good news is 2011 seems to be shaping up just as well.
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Forbes recently came out with a list of the 25 largest companies in the world. These are all large, multinational corporations that have an extreme impact on the global economy. Each and every one of these companies can affect many different economies and markets. Below is a brief summary of each of the top 10 companies:
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With its close proximity to Canada and Mexico, most exporters export to only one market and unsurprisingly this market is usually Canada. However, many smaller companies that work with the U.S. Commercial Service have found other great markets filled many new customers. Some of the best markets with countless opportunities for U.S. companies are Vietnam, India, Indonesia, India, China, Taiwan and Thailand. You can learn more about posted on the Export.gov website. With these videos, you will learn about some of the many sectors in these markets where U.S. companies are competitive. In the videos, you will also be introduced to the top U.S. commercial diplomats in these markets who will help your company evaluate and enter exciting new markets.