The Resurrection of Southern EuropeIn recent years, Southern Europe has emerged as a beacon of economic resurgence, with countries like Portugal, Greece, and Spain leading the charge. This revitalization stands in contrast to the economic landscape of Northern Europe, with robust growth rates exceeding 5% in 2022, a testament to the region’s resilience and potential. While challenges remain, particularly concerning the sustainability of the growth as well as structural impediments, the trajectory of Southern Europe’s economy offers a promising narrative of growth and transformation.One of the key drivers behind Southern Europe’s economic revival is the composition of its economy, which …
Charting China’s Course: A Journey Towards Openness
Charting China’s Course: A Journey Towards OpennessIn 2023, China witnessed a commendable growth in its Gross Domestic Product (GDP), achieving a 5.2% expansion for the year. This growth not only aligned with the government’s annual target but also showcased a robust performance, especially in the fourth quarter, where the year-on-year GDP surged to 5.3%, surpassing the 4.9% recorded in the third quarter. Despite these positive indicators, the Chinese government is gearing up to provide additional support to its economy and trade in 2024. In this EAC Executive Briefing, we will delve into the significant developments that unfolded in the latter …
Outsourcing of non-core activities to developing Innovation hubs
Outsourcing of non-core activities to developing Innovation hubs: The new Shared Services concept in practiceTo focus on core business competencies without impeding the flow of non-core activities while achieving cost efficiencies, businesses have been setting up shared services centers (SSCs) since 1980s but over the years, the model has evolved to adapt better to changing business requirements. From Shared Services Centers (SSC) to Global Competence Centers (GCC) and Global Business Services (GBS), service delivery model encompassing outsourcing, captive shared services as well as centers of excellence (COEs) for serving various business units have been the guiding pillars to offer centralized expertise …
India and ASEAN – Investment Destinations
India & ASEAN – Investment DestinationToday I had the honor to share my views on India and ASEAN as important investment destinations for foreign and especially Swiss investments. Swiss Foreign Direct Investment (FDI) into ASEAN accounted for > 6bn USD last year making it one of the most important destinations for the Swiss Confederation. Additionally, more than 350 Swiss companies are invested in India of which 50% have substantial manufacturing facilities. With a Trade and Economic Partnership Agreement (TEPA) on the horizon, the momentum for Swiss-Indian investments is thriving. Thanks to the Geneva Chamber of Commerce, Industry and Services (CCIG) – for organizing …
China FDI Boom in 2021
FDI into China reaches new highs in 2021: What does it mean?How is China performing in FDI inflows? Global Foreign Direct Investment fell sharply by 32% to 1031 billion USD in 2020, according to the OECD. However, China’s FDI inflows bucked the trend and rose to 212 billion USD by increasing 14%, surpassing the US to become the world’s largest recipient of foreign capital. According to data released by the Ministry of Commerce in China, the actual use of foreign capital in the country hit a record of 173.5 billion USD in 2021 – increasing by 20% YoY. We are …