GlobalEDGE Blog: High-speed Silk Road by Asian Infrastructure Investment Bank (AIIB) Since the Asian Infrastructure Investment Bank (AIIB) was founded in 2014, there have been many discussions around this multilateral development bank concerning its purposes and functions.
Despite the skepticism, AIIB, once launched, will accelerate Asia’s infrastructure development and international trade. ICBC - In Photos: The 25 Largest Companies In The World 2015. Infographic: Panama Expansion Summary. Maersk expects Egyptian action on Suez project. In a bid to enhance the Suez Canal Container Terminal’s (SCCT) capacity to facilitate mega-ships, Maersk has called on the Egyptian government to adhere to its previous commitment to finance and execute deepening works at the Suez Canal’s main entrance to the SCCT.
SCCT needs public infrastructure enhancements to expand, however, the Egyptian government is no longer enthusiastic to proceed. Can the World Bank’s Doing Business Be Rescued? Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre. Observatorio Virtual del Asia Pacífico » Blog Archive » Dos caras de la ineficiencia de Apec. Last week I spoke with an official Forum of Asia-Pacific economic cooperation about when it was expected that Colombia, country that is observant, to link to the club of economies totaling 54 percent of world GDP and more than 40% of the trade.
His answer gave to understand that it would not be in the short term. "We have 21 countries. We need more efficiency. If we have more members it is harder to find consensus. Nouriel Roubini's Global EconoMonitor. Consumerisation-of-the-Container-Industry-Feature-final.pdf. FidelityVoice: Automation Is On The Rise: Will Robots Soon Be Commonplace? If you call room service at the Starwood Hotel in Palo Alto, California, a robot butler may arrive to bring you a fresh towel.
At the Children’s Hospital at Vanderbilt in Nashville, nurses rely on a robotic system to prepare IV solutions and shots for patients. How about a robot who keeps your kids company while they go to sleep? Reminiscent of the Jetsons, a new family robot named Jibo promises to do just that. Even the AP news service is going robotic. It plans to publish thousands of earnings articles this year, produced entirely by an automated service. These are just a few examples of how declining costs and technological advances are bringing robotics and automation technology to smaller businesses, local shops, and perhaps most captivatingly, our homes. “I think autonomous robots are going to be very common in households in the next 20 years,” says Gavin Baker, manager of Fidelity® OTC Fund. Innovations creating flexibility Potential investment opportunities Learn more. The World Is Still Not Flat. Globalization marches on.
But the pace isn’t all that fast, and the overall level of global connectedness still hasn’t gotten back to its all-time peak of 2007. The overwhelming majority of commerce, investment, and other interactions still occur within — not between — nations. That’s the message from the just-released DHL Global Connectedness Index 2014, which combines measures of trade, capital, people, and information flows to give a picture of how entwined we citizens of the world are with each other. Here’s the headline chart, with the subindexes for “depth” (the volume of flows) and breadth (how widely distributed the flows are among different countries): The index is compiled by Pankaj Ghemawat, a professor at NYU’s Stern School of Business and the IESE Business School in Barcelona, and Steven Altman, a lecturer at IESE.
The financial crisis of 2008 and subsequent global recession demonstrated that fragility, as trade flows shrank dramatically. A New Force in International Development: Why did China propose to establish the Asian Infrastructure Investment Bank? By HU Tao, LU Xuege, ZHU Li In November this year, China will likely launch the Asian Infrastructure Investment Bank (AIIB) when leaders in the Asia Pacific region meet at this year’s APEC summit in Beijing.
Chinese President Xi Jinping first unveiled the AIIB plan during his visit to Indonesia in October last year. Since then, China has held five rounds of consultations with countries in the region and successfully recruited 21 founding members. Mr. Jin Liqun, the Former Finance Minister of China and Vice President of ADB, is to be appointed as first President of AIIB, according to the proposal of Chinese Government. With AIIB, China, now almost the worlds’ largest economy by purchasing power, aims to “promote interconnectivity and economic integration in the region”.
The Battle for Automotive Brand Loyalty in China. For the better part of two decades, China has been the global automobile industry’s greatest growth market.
Since 2000, sales of passenger and light commercial vehicles have increased about tenfold—to more than 20 million units a year—surpassing sales even in the U.S. and representing compound annual growth of about 20 percent. Now that this golden era of super-fast growth is winding down, the vast Chinese car market is entering a new pivotal stage. Instead of only racing to win over first-time buyers, domestic and foreign automakers alike must secure the loyalty of existing customers.
Based on research by The Boston Consulting Group’s Center for Consumer and Customer Insight in China, at least three-quarters of Chinese car owners—representing a massive installed base of more than 90 million vehicles—are planning to switch brands when they purchase their next vehicle. We call this impending shift the “great brand migration.” The reasons for this customer disloyalty vary.