The New Zealand Treasury has added to voices saying the economy is in recession, but tax cuts and further rate cuts may provide a boost later this year.Official GDP figures for the June quarter are not out until next month, but in its monthly overview of July economic indicators,...
New figures show Fiji's economy contracted by 6.6 per cent the year after a military coup in the country, a result that's more than two per cent worse than expected.The latest economic review by the Reserve Bank of Fiji updated the health of the nation's economy during the 2007...
By Burton Frierson and Ross Finley NEW YORK/LONDON (Reuters UK) - Factories are struggling in countries ranging from China to Europe to the United States, while U.S. unemployment hit a four-year high, raising concerns that economies around the globe could slip into recession, according to...
By Matt Falloon and Sumeet Desai LONDON (Reuters UK) - The economy grew at its weakest pace in three years in the second quarter of this year, official data showed on Friday, but few analysts are betting interest rates will fall any time soon. The risk...
A while back I posted on "Globality: Competing with Everyone from Everywhere for Everything," a new book written by three experts from the Boston Consulting Group, Harold L. Sirkin, James W. Hemerling and Arindam K. Bhattacharya. A smart discourse on how local companies in developing economies, such...
Has the recession put your organization in a choke hold? Here’s how to survive — even thrive — in the face of budget cuts, layoffs, and sub-zero morale.Beyond the balance sheet, there’s another way to tell that recession has set in — and it might be even more disconcerting than...
While the global economy has been a hot topic for at least two decades, it is in constant need of updating. A new book, "Globality. Competing with Everyone from Everywhere for Everything," written by three Boston Consulting Group experts, does the job nicely. The update, by Harold...
I've posted on some alarmist points of view regarding our economy. It only fits that I should post on Tom Peters' The Train Keeps on Rolling. He notes that despite decades worth of pronouncements of doom on America's position in the world economy, including his own,...
Your options in an uncertain economy are different than in more prosperous times, but successful sales managers and leaders will make decisions that will sustain their teams through every market condition. In an uncertain economy, sales organizations may be tempted to tighten up spending, reduce training costs...
Oil's nearing $100 a barrel, and despite the stronger than expected growth rate in the third quarter, business confidence is as low as it was when the economy was just climbing out of a recession in 2002. With so many worrying statistics and gloomy predictions, it's hard to know how...
Energy prices continue to soar, the stock market's seen better days and the housing market leaves much to be desired. Is it really wise to get excited over a 3.4 percent growth in the GDP from the first to second quarter? Maybe not. Bloomberg.com attributes the growth...
It's easy enough to say, "oh, yeah, the U.S. has a $13-something trillion GDP -- it's the biggest economy in the world." But when you take each U.S. state and rename it for a national economy of about the same size, a more telling picture starts to take shape. Strange...
In a flat world driven by globalization and ICT technology, understanding how firms can accelerate growth in a product-based business is of fundamental theoretical and managerial interest (Griffin and Page, 1993; Patterson and Fenoglio, 2004). It is especially essential for the academia and practitioners that are absorbed in the huge...
The objectives of this paper is as follows: To share and highlight the new issues and priorities that concerns the construction IT in emerging economies; To explore and discuss how emerging economies should address these challenges, what can they learn from developed economies and how to get their cooperation to...
Demographic trends demand that the HR Services industry, Governments and companies in developed economies change attitudes to support lifelong learning and productive ageing. The essence of this view is that as 'Life spans' are changing, so are 'Work Spans'. To sustain individual lifestyle aspirations, counter rising public expenditure and sustain...
In a Sidewalk Stories feature, BNET surveys managers and employees about whether they believe taking a vacation is a help or hindrance to the overall health of the economy.
The ever increasing cross border flows of trade, investment and finance, as well as the rise of technology, have given rise to a global economy. There are numerous advantages in this shift to a global economy in terms of lower costs and greater economies of scale. However, domestically and internationally,...
This new study examines the various risks to the global economy and offers a point of view as to their future direction. It suggests possible scenarios about the future direction of interest rates, exchange rates, and commodity prices, all with the aim of offering some useful planning premises for global...
Starting from a variant of the New Keynesian model for a small open economy, this paper extends the standard credit channel framework to show that the presence of imperfect competition in the banking system propagates external shocks and amplifies the business cycle. This novel modeling of the banking system captures...
This paper aims at extending the analysis of the efficiency of equilibria in an OLG framework with asymmetric information. The author studies the stationary states of an economy where consumers, firms and financial intermediaries are at work. The economy is affected by ex post moral hazard due to costly state...
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