"During the past 10 years, six of the world’s fastest-growing economies have been in sub- Saharan Africa, according to the Economist magazine. Over the next five years, the Democratic Republic of the Congo, Ethiopia, Ghana, Mozambique, Nigeria, Tanzania and Zambia may grow at an average of 7.2 percent annually, the Economist says. Over this period, the average African economy will outpace its counterpart in Asia. Africa has become an important emerging market and, compared with other regions, it has a relatively high rate of return on investments."
Filed under: Cool Articles, Mr. Ambassador, Politricks by !YG
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Latin America is a bright spot
in the postrecession global economy, with growth rebounding strongly in much of the region. But to lengthen today’s strides toward recovery into a sustained period of rising prosperity, it must take full advantage of its cities’ economic potential.
The region is more urban than any other in developing markets, with 80 percent of its population living in cities, compared with about 50 percent in China. The shift from country to town has contributed much to Latin America’s growth, as economies of scale have raised the productivity of expanding cities and reduced the cost of delivering their basic services.1 Cities are critical to Latin America’s overall economy.2 The region’s 198 large ones—defined as having populations of 200,000 or more—together contribute more than 60 percent of GDP. The 10 largest alone generate half of that output. Such a concentration of urban economic activity in the largest cities makes Latin America comparable to the United States and Western Europe in this respect but not to many other emerging regions. China’s top ten cities, for instance, contribute around 20 percent of the nation’s GDP.
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Filed under: Cool Articles, Mr. Ambassador, Uncategorized by !YG
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Few companies from emerging markets have grown into successful multinational enterprises. One business that has is the packaged-goods company Grupo Bimbo. Founded in Mexico in 1945 by Lorenzo Servitje, the publicly traded company now holds the title of the world’s largest baker, with sales exceeding $10 billion in 2010. Just over half of those sales came from outside its home market—namely China; many Latin American countries, including Argentina and Brazil; and the United States. The company trades under several well-known brands, including Entenmann’s and Thomas’ in the United States, and the ubiquitous Bimbo brand in Latin America.
Filed under: Money Matters, Mr. Ambassador by !YG
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11 August 2011, 7:00 PM – 8:30 PM
BMW Guggenheim Lab | First Park | Houston at 2nd Ave
The Institute for Public Knowledge cordially invites you to a live taping of a conversation between New York University's Poiesis Fellows and BMW-Guggenheim Lab Team members Elma van Boxel and Kristian Koreman of the Rotterdam-based architecture studio ZUS [Zones Urbaines Sensibles] as they discuss how urban life is connected to the infrastructures that support it–from sewers and roads to Internet search engines and passports. Panelists include New York-based filmmaker Cassim Shepard, Chinese architect Haiyan Huang, and editor in chief of Time Out India Naresh Fernandes. Be part of our studio audience, participate in a Q&A, and debate the panelists.
This event is co-sponsored by NYU's Institute for Public Knowledge, BMW, and the Guggenheim Museum
This event is open to the public with photo ID.
Filed under: Keeping it Mogul, Mr. Ambassador by !YG
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Investing is always risky business; corporate scandals regularly surface in the news, corporate bonds are frequently downgraded, accounting fraud is often revealed and market imperfections such as the flash crash continuously bring a level of uncertainty. Even the most stable domestic blue chip companies will face times of tremendous volatility. 1) Foreign Exchange Rate Risk
2) Non-Normal Distribution
3) Lax Insider Trading Restrictions
4) Less Liquidity
5) Difficulty Raising Capital
6) Poor Corporate Governance System
7) Increased Chance of Bankruptcy
Political Risk
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Filed under: Mr. Ambassador by !YG
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Good to see other people are beginning to wake up and see the variety of entrepreneurial initiatives bubbling on the African continent. S/O to Ndubuisi Ekekwe for penning this post. – YG (@youngglobal)
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Early this month, Cisco announced that it was investing $10 million in Egypt. What made it different from other investments by multinational companies in Africa was that the network equipment maker structured it as a venture capital investment, not a donation. The beneficiaries will be small businesses that provide innovative products, services and solutions.
Filed under: Keeping it Mogul, Money Matters, Mr. Ambassador, Uncategorized by !YG
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