When the process of nominating the president of World Bank was taking place, a lot of people have raised the question about representatives from emerging markets. It did have a Latin American candidate for the very first time. However, the influence from emerging economies at the World Bank does not make a lot of sense anymore.
The Brazilian National Bank for Social and Economic Development (BNDES) is now the second biggest development bank in the world. The first is the China Development bank and the World Bank just comes in a distant third. BNDES has a loan portfolio three times bigger than the World Bank...
Of all of the world's 100 largest economic entities in 2010, 42 (42%) are corporations. The largest, as in 2009 was Wal-Mart, whose 2010 revenues exceeded the GDPs of 171 countries making it the 25th largest economic entity in the world. The next group in terms of size is energy majors with the combined revenues of the five largest players (Royal Dutch Shell, ExxonMobil, BP, Sinopec and China National Petroleum) equivalent to 2.5% of global GDP in 2010. A key trend is the movement from West to East as global challengers from rapidly developing economies (RDEs) continue to grow their economic power - along with their countries. Among the Top 100 economic entities there are now 6 RDE companies versus just 1 in 2000, and looking at the Top 150 the number of RDE companies tripled between 2000 and 2010 to 15.
India shifts its business partners
India is now shifting its business partners from the West to the East. The world's fourth largest economy is focusing at more trades with South East Asia (SEA) countries, a top government official said on 23 Mar 2012.
[Banks and Financial Organisations , Economy , Finance Services ] The World Bank Profile The World Bank is an international financial institution that provides loans to developing countries for capital programs. The organisation is not a bank in the ordinary sense, but a unique partnership with its main objective to reduce poverty and support development. …
The first thing to be done is to abolish the Federal Reserve.
The 2nd thing to do would be to reinstitute the Glass-Steagall Act because Wall Street cannot be trusted to manage their risk properly. This would separate true banking activities from the high risk gambling that brought the economic system to its knees
The Social Security System would be completely overhauled. Anyone 50 or older would get exactly what they were promised.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.
U.S. retail sales to offers clue on economy MarketWatch - Americans may have cut retail spending in May for the first time in a year, but whether that's bad omen for the U.S. economy depends … more
A Hanky-Panky Business Strategy for a Rough Economy
By Kathryn Buschman Vasel - FOXBusiness
As the recession forced consumers to pull the brakes on discretionary spending, makers of 'the world's most comfortable thong' found ways to continue to woo customers without lowering prices.
Economists point to men's underwear sales as an economic barometer: when the brakes are on, sales suffer. The
The stock market does not work the way most people think. A commonly held belief - on Main Street as well as on Wall Street - is that a stock-market boom is the reflection of a progressing economy: as the economy improves, companies make more money, and their stock value rises in accordance with the increase in their intrinsic value.