China 2016 - The Global Growth Imperative: Exit or Expansion?
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http://www.weforum.org/ Amid tepid emerging market demand and shifting operating environments, how are multinational corporations rethinking their growth strategies? Dimensions to be addressed: - Agile models of operation - Managing talent locally - Collaboration with policy-makers Speakers: -Soumitra Dutta, Dean, College of Business, Cornell University, USA. -Khalid Al Rumaihi, Chief Executive, Bahrain Economic Development Board, Bahrain. -Derek Shen, Global Vice-President and President, China, LinkedIn Corporation, People's Republic of China. -Kevin Taylor, President, Asia-Pacific, Middle East, Africa and Turkey, BT, Hong Kong SAR. -Jing Ulrich, Managing Director and Vice-Chairman, Asia-Pacific, JPMorgan Chase & Co., Hong Kong SAR. Moderated by Gianfranco Casati, Group Chief Executive, Growth Markets, Accenture, Singapore.
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We hear about GDP all of the time. What about NDP? What is that?
NDP = GDP - Depreciation
But that Depreciation is for Captial Goods only. What about so called durable consumer goods. If Americans buy junk from China that depreciates then what is so great about GDP? Are we all listening to economists who can't do algebra?
NDP = GDP - (Dcap + Dcon)
There is Depreciation of Capital goods onthe supply side and Depreciation of Consumer goods on the Demand side.
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