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Popularity linked to expansion of private capital The rapid growth in mobile phone use throughout the developing world, especially in sub-Saharan Africa, is helping to transform national economies, producing a thriving entrepreneurial class and marked growth in private capital, according to Leonard Waverman, an economist with the London Business School. Speaking at the American Enterprise Institute (AEI) in Washington May 5 on a panel of fellow economists and representativ...
Mobile Phones Change Ways Africans Live And Do Business, by Bruce GreenbergNews
Mr. Drasko says he has tried Ford Ranger and Chevy S10 pickups and a Brazilian-built Nissan truck, but no vehicle has proved more reliable than Toyota Motor Corp.’s Hilux model. If you break down in remote oil fields, and it’s winter, you’re cooked, he says. Now, Toyota is banking on a new version of this sturdy workhorse and a couple of related models it will sell mostly in the developing world as a key part of its strategy to overtake General Motors Corp. as the w...
Toyota replants itself near emerging markets, by Norihiko ShirouzuNews
Migrant workers around the world will soon be able to send money back home by efficient and reliable electronic transfers, eliminating the paper and manual work now involved with traditional postal money orders, under a joint project announced today by the United Nations postal agency. ?There is a strong trend for overseas workers to send part of their earnings home to their families, but the market response to this issue has so far been inadequate,? Universal Postal Union (UPU) Director-G...
UN postal agency unveils plan for migrants to send money back home electronicallyNews
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 Syed
