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Globalization

GLOBALIZATION – World Trade

In his excellent recent works on the themes [of the] nature of globalization and expanding world trade – “The World is Flat,” and the earlier “The Lexus and the Olive Tree” – The New York Times Foreign Affairs columnist and book author Thomas Friedman brilliantly describes and elegantly frames the boundaries and frontiers of the new era that corporations and capital market players have entered, beginning in 1989. 

Click here to continue reading the full introduction

News & Updates

May 16, 2012 Greek instability weighs on euro, risk currencies

Source: Reuters

The euro held at four-month lows against the dollar on Wednesday and may extend losses sustained so far this month after Greece said it will hold new elections, raising risks Athens could eventually exit the euro.

May 15, 2012 UK exports rebound as import values hit record level

Source: Telegraph

Britain's goods trade deficit stayed largely unchanged in March despite a rebound in exports to countries outside the European Union as overall import values also grew to a record level, data showed on ...

May 15, 2012 Moody's cuts ratings for 26 Italian banks

Source: CNN

Moody's Investors Service on Monday cut the long-term debt and deposit ratings for 26 Italian banks by one to four notches, highlighting the tough environments in Italy and Europe.

Research & Insights

May 8, 2012 Another report shows US firms lag Europeans on sustainability

Source: GreenBiz.com

A new report from Ceres and Sustainalytics concluded that while there are "pockets of leadership and innovation" in the sustainability efforts of 600 of the largest corporations in the U.S., there remains a "compelling case for...

May 8, 2012 Majority of Americans Now Own Smartphones, Survey Says

Source: PC Magazine

A pair of studies released Monday have revealed that nearly half of U.S. consumers own a smartphone, and more and more are turning to their phones to solve the problem of the moment.

February 28, 2012 Report calls for sweeping reforms in China

Source: USA Today

HONG KONG – China needs sweeping economic and social reforms to sustain rapid growth to 2030, according to a report from the World Bank and Chinese government researchers.

Commentary & Opinion

May 11, 2012 The Case for Global Accounting

Source: Floyd Norris, NY Times

For more than a decade, politicians and regulators around the world have claimed to want a common set of high-quality accounting standards that applied globally. The extent to which that rhetoric will become reality may soon...

May 10, 2012 S.E.C. Is Investigating Accounting of Chinese Client of Deloitte in Shanghai

Source: Floyd Norris, NY Times

The Securities and Exchange Commission disclosed Wednesday that it was investigating another Chinese client of the Shanghai affiliate of Deloitte, the large accounting group, on suspicion of accounting fraud. It did not identify...

May 9, 2012 The Greek Solution

Source: Floyd Norris, NY Times

The Greeks appear to have come up with an interesting way to deal with the fact that any Greek government will face intense pressure from Germany and some other European countries to accept more and more austerity that will be...


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