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The U.N. estimates that the creative industries -- which encompass a wide range of activities, from the movie and music industries to fashion and computer software -- represent seven percent of global GDP, the equivalent of 1.3 billion dollars this year. It is also a sector that is growing at a faster rate than the world economy in general. In the United States, Miguez noted, the intellectual property sector accounts for eight percent of GDP and generates employment for 12 percent of the c...
Harnessing Creativity to Boost Developing Economies, by Mario OsavaNews
Sixty percent of General Electric Co.’s growth in the next decade will come from developing countries, with revenue from China alone expected to top $5 billion in 2005, GE’s top executive said yesterday at the company’s annual meeting. This is a great time for your company, because we are outperforming in a slow-growth world, chief executive Jeff Immelt told shareholders. The industrial, financial, and media powerhouse has won 70 percent of China’s commitme...
GE looking to developing nations for future growthNews
Saying it has made a major shift in priorities and direction since its last meeting two years ago, a committee on development in the United Nations agency on intellectual property rights says developing countries must devise policies and strategies that turn their traditional knowledge, healing arts and culture into national assets. The World Intellectual Property Organization (WIPO) says it is holding meetings this month and next to respond to a decision by its General Assembly...
UN intellectual rights protector places more developing country issues on agendaNews
The big change is in the attitude to capitalism. In the past five years, an estimated 140,000 private businesses in Vietnam have been registered. Private companies account for one-fifth of GDP, and are virtually the only job-creators in a country where 1 million young people join the work force each year. Drawn to Vietnam a decade ago, Nike, the country’s single largest private employer with some 130,000 workers, produces some VND11 trillion worth of footwear, making Vietnam the larges...
As New Vietnam Forges Ahead, Entrepreneurs Take LimelightNews
A unique Managed care model comprising of a partnership between family doctors and the general population through Health Maintenance Organisations (HMOs) supported by general insurance companies will be launched on a pilot scale in Mumbai within the next three months. The proposed HMO under the aegis of Padmabhushan Dr RD Lele, eminent senior physician of Mumbai is being explored with the partnership of organisation group such as the Mumbai Grahak Panchayat, a not-for-profit consumer body...
Innovative Managed Care model to be launched on a pilot scale, by Falaknaaz SyedNews
Yesterday, the Kenya Health Federation said given the chance, the private sector could put up a basic structure that would avail quality healthcare to all Kenyans. The government should at least contract out badly run and managed facilities to us, said Maliti, who also doubles as the executive director of the Kenya Private Sector Foundation. This will be consistent with its commitment to a market-driven economy where private enterprise plays a major role in developing goo...
Now Private Firms Eye State Hospitals, by Luke MulundaNews
Specialist money transfer companies are generally cheaper than high street banks for immigrants to send money home to developing countries from the UK and informal methods are the cheapest according to a survey published by the UK Department for International Development (DFID). On Thursday DFID launched the results of the UK survey into the best ways for people to send money to relatives and friends in developing countries. This is the first survey of its kind in the UK, and addresses a...
UK banks not best option for remittances to Developing CountriesNews
Strategy Is Major Shift From Reliance on the West; Big Rivals Echo Approach, by Kathryn Kranhold General Electric Co. expects to get as much as 60% of its revenue growth from developing countries over the next decade, Chairman and Chief Executive Jeffrey Immelt said in the company’s annual report. After nearly four years of reshaping the company through $60 billion in acquisitions of financing, water treatment, security systems, bioscience businesses and a movi...
GE Pins Hopes on Emerging Markets
