Global Business Trends
| Global Business Trends
In this final edition of 2003, Knowledge@Wharton presents a round-up of business trends in different regions of the world. As the global economy heads into 2004, it is critical to understand issues such as the way in which credit agencies rate investment risk in countries such as Russia, Mexico and Argentina. We also take a look at business trends in India and the impact of China's growth on its Asian neighbors. Our report ends with an examination of trends in Latin America, from efforts to build the telecom market in Chile to Brazil's bid to covert its environmental agenda into a competitive strength.
|How Much Can Investors Rely on Sovereign Credit Ratings?|
|Are sovereign credit ratings – those indicators that can encourage, or discourage, international investments in emerging markets – in danger of becoming cheapened? If so, what does this say about the state of credit rating agencies and what are the implications for investors at home who want to buy assets abroad? Knowledge@Wharton looks at how rating agencies have fared recently in such countries as
|India: No Gains without Growing Pains|
|China: Will Asia’s 800-Pound Giant Crush Its Neighbors?|
|With the world’s largest population and fastest growing economy,
|In Asia, the Venture Capital Business Has Two Sides|
|While Asian entrepreneurs are eager for venture-capital investments from firms in the
|A Tale of Two Companies in Asia: Shinsei Bank and Rohm & Haas|
|In some commercial circles, “
|Information Technology in Chile: Still Awaiting Takeoff|
|Although Chile has the most advanced telecommunications infrastructure in Latin America, enjoys unequalled economic and political stability, and boasts the highest personal computer and Internet usage rates in the region, investment in technology and its use as a management tool do not show the same dynamism. As a result,
|Brazil’s Efforts to Convert Environmental Responsibility into Competitive Advantage|
|Idealism is not the only factor that motivates companies to adopt environmental responsibility programs. Cost reductions as well as enhancement of a company’s image to consumers and society are other important incentives. This is certainly true in Brazil, where companies are becoming more and more active using environmental programs as a way to gain competitive advantage. By the end of this year, for example, companies will have spent approximately $500 million on pollution control equipment alone.
|Making a Case for the Argentine Wine Industry|
|Over the past five years, the wine industry in Argentina has experienced the greatest growth in its history. Three factors account for this: a 106% increase in domestic Argentine consumption, an 800% rise in the volume of Argentine wine exports, and investments in the industry totaling $1.3 billion. Other contributing factors include the excellent conditions provided by the country’s climate and the entrepreneurial spirit of Argentines who developed professional wine cellars, deployed new technology, and worked together to promote the country’s exports. And while after-effects of the crisis of 2001 can still hurt the industry, business leaders have already taken measures to deal with that threat.