Search Results for "globalization"
World Trade Under Maximum Stress
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Most folks in most countries have felt at least some of the brunt of the world financial slow down. It has not been a pretty sight at all. Trade between nations has literally come to a standstill, its causing problems everywhere. It’s a crisis of epic proportions and it’s a lot worse outside the United States than it is within our borders.
Regarding World Trade; cars are overfilling lots at the ports and cargo containers are stacking up around the globe. Retail Sales without a stimulus to consumers will mean many more box store retailers and anchor tenants will leave shopping centers. The 2008 Christmas Retail Season was a disaster and the International Association of Retailers predicts the closing of at least 73,000 stores in 2009.
Retailers were looking to “gift cards” and loyalty cards to help sell more during Christmas, along with online sales, but changes in accounting rules on “gift cards” and future regulations on escrow accounts came into play as consumer groups demand legislation, in case of bankruptcies. Same with Airline Miles, as credit card companies that guarantee consumers that they can re-book on other airlines, but may choose not to.
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Knowledge For a New Economic World
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Globalization has created new markets and spawned new operating models for work forces, creating huge challenges for businesses that must remain productive, efficient and competitive to survive.
The source of value for businesses has changed. In the Industrial Age a company used to have most of its market value based on tangible assets like machinery and facilities. In the Information Age, value has shifted dramatically to intangibles like the knowledge of production, service, and delivery methods, market knowledge, relationships with customers and suppliers.
The world is changing at a bewildering pace. Everywhere new markets are opening up, new work forces are emerging, and new ways of working are challenging our thinking. We are in a new stage of globalization where knowledge and brainpower are becoming the predominant currency.
