March 2013


I recently read this article and contacted all of our clients who do business in Canada to be aware of the risks. Read this link and check with your attorney to determine your liability.

Find the original article here:     http://www.lawyersweekly.ca/index.php?section=article&volume=32&number=42&article=3

 

“In 2010, emerging markets represented 36% of global GDP; these markets already account for the majority of the world’s oil and steel consumption, 46% of world retail sales, 52% of all purchases of motor vehicles and 82% of mobile phone subscriptions. With two-thirds of global growth coming from these markets, in a decade they will account for the majority of the world’s economic value. Yet U.S. companies derived less than 10% of their overall revenues from emerging markets: about as little as 7%, according to HSBC estimates for 2010.

For the full article go to “The Big Mac Mirage”: America is actually terrible at globalization”.
So if this is accurate all of the Federal initiatives and money being spent is doing little to promote real growth in US exports. Why do we think this is the case? Or is it simply another view of the markets that lacks true analytical justification. It will be interesting to read the published paper when it is released.  Personally, I know a number of business successes that are growing primarily due to their international business strategies.

For me, when I read these types of articles I struggle to understand the true motivation. Just my perspective.