The investment climate is the fundamental socio-economic framework in which firms operate – the macroeconomic and trade policies they face, the labor and financial markets in which they recruit and raise money, the available infra
Another example of China’s respectable growth, despite the global economic crisis, is apparent in this month’s Fortune magazine, with its Global 500 list of the world’s largest companies.
About a month ago, I came across Changemakers.com (via Change.org’s Social Entrepreneurship blog), a neat website for people to connect and collaborate with others working – on all levels – to solve social problems. The website is an initiative of Ashoka, a nonprofit organization that works to support social entrepreneurship. Changemakers seems to act as a social network of sorts – through competitions, discussion forums and storytelling – for people who want to make a difference. Two aspects of the site quickly appealed to me.
|Pongtip Puvacharoen works at the World Bank's East Asia and Pacific stand on the first day of Carbon Expo in Barcelona.|
Carbon finance sounds boring and technical and not much fun. However, it actually does a lot of good and can help fund critical environmental preservation projects as well as introduce clean and renewable technologies in both developed and developing countries.
|It takes me just a few minutes to get to my office roughly two kilometers away. Before the Skytrain came along, the very same journey could take anywhere between 15-45 minutes.|
"I'm on the train, two stops away from you," she told the caller. "Will get there in a heartbeat."
That got me thinking. Getting somewhere in a heartbeat was – at least until 1999 – a luxury no Bangkokian could afford (unless they owned a private helicopter). I remembered when this city's traffic jams topped the list of things that would come to mind when people thought of Bangkok. (The next down in that list would probably be air pollution, but that's a subject for a later discussion!).
In terms of big newsworthy events in Asia, one of the biggest has to be the anti-government protests in Thailand. A relatively small number of protesters dramatically caused the cancellation of an ASEAN+3 meeting held in Pattaya this past weekend where 10 regional heads of state were evacuated. The World Bank President, as well as the head of the IMF and UN, were turned around at the airport in Bangkok. Although the protests around the country have effectively ended after martial law was declared and two protesters died, the damage of this may be longer-lasting. Although a discussion of the politics would be interesting, let's concentrate on the finance-related issues.