ProfJorge Entrep
As a former credit officer in a small savings and loan association, I could not help but ask the following question on the debt problem in Europe.
l. Why were the debt allowed to accumulate that high? Was there a study of capacity of pay?
2. Were there no red flags for failure?
3. Are there competent financial managers/officers in the countries? Or are there strict reviews?
4. There is according to Germany, that the 600 billion euros is enough. What if despite this rescue fund defaults still occur?
5. At the G20 Mexico conference it was decided that Europe must first help their comrades before Japan and other countries can help. What if the Europeans are helpless to do so?
Showing posts with label G20. Show all posts
Showing posts with label G20. Show all posts
Sunday, February 26, 2012
Wednesday, July 6, 2011
Korean Economy and its Future -Keynote Address by CEO of KB group Yoon-Dae Euh
The speaker is from AIM and is familiar with Philippines. And yes, as is usual, those who study in the Philippines have done very well in their respective countries. They have been great leaders!
Dr. Tony del Carmen with the Keynote Speaker
The goal for Korean business leader is to bring Korea to $30t gdp per capita from its present level of $20t. Korea will now join the ranks of nation that will reach $ltrillion in trade. Twenty years ago, Kore and Philippines are at parity. Today, Phil gdp per capita is l/20th that of Korea.
Current situation of Korea now (where is it now)
l. Has global brands (Samsung LG which are mistaken to be Japanese)
2. International sports stars especially in golf.
3. International pop star groups,
4. Hosting the G20 conference.
5. On the way to l trillion dollar in trade.
6. Tops in the ff: shipbuilding (5l.5% of the market #l - Samsung), LCD (44.l% of the market #l,. Semiconductor 11.3% #2 Hyundai is now No 5 in car manufacturing.
What brought Korea there:?
l. Korea is into many strategic industries to take advantage of opportunities;
2, Role of chaebol
3. Open to international markets/exports
4. Huge investments in education even higher than that of Japan
CHALLENGES FOR KOREA:
l. Declining growth
2. Ageing population (low birth rate; Korean women dont like to marry bear children)
3. Korean unification. It is desired for additional workforce, but Korea does not have enough money.
HOW TO ADDRESS THIS:
l. Strong governance
2. Entrepreneurship
3. Communication (speaking English)
Images from Korea: The Old and the New
The goal for Korean business leader is to bring Korea to $30t gdp per capita from its present level of $20t. Korea will now join the ranks of nation that will reach $ltrillion in trade. Twenty years ago, Kore and Philippines are at parity. Today, Phil gdp per capita is l/20th that of Korea.
Current situation of Korea now (where is it now)
l. Has global brands (Samsung LG which are mistaken to be Japanese)
2. International sports stars especially in golf.
3. International pop star groups,
4. Hosting the G20 conference.
5. On the way to l trillion dollar in trade.
6. Tops in the ff: shipbuilding (5l.5% of the market #l - Samsung), LCD (44.l% of the market #l,. Semiconductor 11.3% #2 Hyundai is now No 5 in car manufacturing.
What brought Korea there:?
l. Korea is into many strategic industries to take advantage of opportunities;
2, Role of chaebol
3. Open to international markets/exports
4. Huge investments in education even higher than that of Japan
CHALLENGES FOR KOREA:
l. Declining growth
2. Ageing population (low birth rate; Korean women dont like to marry bear children)
3. Korean unification. It is desired for additional workforce, but Korea does not have enough money.
HOW TO ADDRESS THIS:
l. Strong governance
2. Entrepreneurship
3. Communication (speaking English)
Images from Korea: The Old and the New
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