As the 2010 World Cup kicks off, there are a lot of interesting stories not only on the pitch, but on the business side of things as well. They include , being pushed out, , and huge sponsorship deals. This week we will be writing about the impact that the World Cup has on , sponsorships, copyrights and the economics of running an event such as a World Cup. We hope that you'll join us this week!
globalEDGE Blog - Page 264
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South African President Jacob Zuma has recently visited India in a bid to between the two countries. Both are developing nations and are very interested in attracting investment from each other. and are thirsting for more business from companies in both countries. India is specifically looking towards bigger investments in infrastructure and a chance to tap into South Africa's rich natural resources.
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and have decided to team up to boost their local tourism. The two countries already have put effort into increasing the trade between them. Indonesian companies have invested in over 20 different projects in Vietnam. Now, they want to continue into the tourism industry.
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is one of the world's poorest countries (17th to be exact), where the average annual income is $980 according to the World Bank's latest figures. This is increasingly concerning as their major industry, fishing, is declining due to over-fishing and intense competition from Asia. But there is which is primed for growth and provides investment opportunities in Senegal, and I would say most people wouldn't be able to guess what it is. That industry is wrestling, and it is starting to grow much more popular than football (soccer) in the country. It used to be a pastime of the farmers in the region, who could only work on farming during the rainy season. When they came to the cities to work, they found there was quite an audience ready to watch them wrestle, a traditional African sport which has transformed to take on elements of martial arts and boxing. Now, a winner of a big Lutte (as the Senegalese call it) match can make up to 100 million West African CFA francs ($205,000)! Some bigger names will even make a lot just by participating.
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Many nations have grown in the international business world through the many natural resources they have been blessed with. Anything from oil, to farm land, to diamonds, Africa has an abundance of opportunities for growth through these resources.
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It's a problem many of us deal with, especially those running small businesses. In today's world, email stands out as one of the domninant forms of communication. When on vacation, or away on business with no access to your email, the load tends to pile up rather quickly. In the following video, Gina Trapani of Fast Company offers some tips on how one can work smarter and develop a system for dealing with such mountains of email:
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After panic spread last year as the price of Sugar rose due to poor weather conditions in and , things look hopeful as prices become more stable. Sugar production is seasonal and is heavily affected by weather conditions. Last year India struggled to produce sugar due to a long drought after the Asian Monsoon. While India was waiting for water, Brazil struggled to keep the water away as it had heavy rains which created waterlogged crops.
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The Africa-France Summit held this week has brought up some wonderful opportunities for international business professionals. Many countries around the world have been for new business opportunities. The continent has vast natural resources and a lot of potential for growth in infrastructure that makes it appealing to foreign investors. Many African countries are now attempting to encourage France to invest in these growing areas.
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It might be surprising to learn that the majority of companies that export have less than 100 employees, and even more have less than 5! There seems to be a misconception going around that a company needs lots of employees and lots of capital in order to engage in international trade. However, this couldn’t be further from the truth. With the , you could be expanding your business globally and possibly enhancing it.
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As growth in emerging economies outpaces debt-burdened developed countries, there are many opportunities for investment. So who is investing in developing countries and why?