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Andrew Elliman – AGS Worldwide; Kulvinder Singh Shokar – HSBC; Ed Cohen, Conference Developer & Moderator
ABOUT THIS WORKSHOP
First, a clear definition of terms:
Global trade / international trade is simply
the import / export of goods / services across borders.
(a) Goods and services that enter into a country for sale are called imports.
(b) Goods and services that leave a country for sale in another country are called exports.
benefits of global business, global trade, and prepared/trained globally mobile talent.
- More Job Opportunities; diverse talent development virtual and in-person
- Expanding Target Markets & Increasing Revenues
- Improved Risk Management; growing more knowledge
- Greater Variety of Goods Available
- Better Relations Between Countries … across borders, across cultures
- Enhanced Company Reputation; be the Best Place to Work
- Dynamic opportunities to Specialize … global to local and the reverse
Morning session in-person
Brought to you
and to the world by synergyhousing.com
Afternoon session will be virtual and in-person.
All morning attendees/participants cordially invited to use their devices (with headset/earbudds w/mic) to participate/engage in all discussions
13:30 – 15:45
Workshops … Highly Interactive
Moderators: Andrew Elliman + Ed Cohen
WHY HAS THE FOCUS SHIFTED FROM
TALENT MOBILITY TO
EMPLOYEE EXPERIENCE ?
Global Mobility has been on a journey over the last 150 years.
It will surprise many that it has been around since at least the days of the East India Company.
You are cordially invited to zoom-in via your device and using headset/buds w/mic to fully engage in the conversations, learn from experts, comment/question, build rapport and trust for a vibrant ’24.
Contact firstname.lastname@example.org for the zoom-link. Cheers!
15:30 Closing keynote virtual from Mexico City
author of 22 books on Leadership
Creator of Humony Leadership click/learn
Biggest Voices in Leadership 2023
Mentoring Good Managers Into Great Leaders
Global Leadership Skills Development
VIEWS / IMPRESSIONS
4,266 OCT 16 – 22
23,616 SEP 26 – OCT 22
74,889 JULY 26 – OCT 22
323,113 OCT 24 ’22 – OCT 22 ’23
Can you imagine your logo and brand story being seen that many times?
Firms with an established Marketing Budget coupled with a strong desire to associate the logo/brand with our audience are already our advertisers or sponsors or member/subscribers in the GLOBALPressClub.
Additional audience/views/impressions from exhibition and distribution across GTVnetwork…
additional audience/views/impressions happen daily via US/global free access 365-7-24 resulting from connections sharing a program they like or other useful or interesting content. Those additional, valuable audience stats are hard to track.
Reach me to discuss things…
(+1) 619.787.3100 or use email@example.com
And now here’s a “deep dive” into
China is Still the “World’s Factory”
The world’s largest 11 exporters shipped out $12.8 trillion of goods in 2022, more than the rest of the world combined ($12.1 trillion).
The list is headed by China, with $3.6 trillion or 14% of total exports. The country has been the largest exporter of goods in the world since 2009.
The U.S. itself is the world’s second largest goods exporter, with over $2 trillion annually.
Canada was the largest purchaser of U.S. exports in 2022, accounting for 17% of total exports, followed by Mexico, China, Japan, and United Kingdom.
Ranked: Oil Production By Country, in 2022
The U.S. has been the world’s biggest oil producer since 2018 and continued its dominance in 2022 by producing close to 18 million barrels per day (B/D). This accounted for nearly one-fifth of the world’s oil supply.
Almost three-fourths of US oil production is five states: Texas, New Mexico, North Dakota, Alaska, and Colorado.
We rank the other major oil producers in the world below.
|YoY Change||Share of
In the 1960s, the U.S. was experiencing its post-war economic boom. Consumer spending was driving swift economic growth, and a rising middle class led to increased demand for luxury goods like TVs and cars. In response to this rising demand, U.S. factories that had been essential to the war effort swooped in quickly, and domestic production began to thrive.
Around the same time, legislation that encouraged international trade was being passed through Congress. In 1962, President John F. Kennedy signed the Trade Expansion Act into law, allowing the American government to negotiate massive tariff cuts with other countries. This ultimately led to the Kennedy Round two years later, which was a series of trade negotiations that resulted in lower tariffs and reduced barriers on exports for developing countries.
Across the pond, Europe was going through its own series of changes in the 1960s. While Britain was the most important player in trade in Europe at the time, the country was also struggling to recover from the financial burden of the two world wars.
Simultaneously, European countries were also banding together in an attempt to balance power and eliminate hegemony within Europe. In 1960, the European Free Trade Association (EFTA) was created, creating free trade agreements between Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and the United Kingdom.
1990: The Emergence of China
By 1990, the world’s international trade landscape was on the cusp of dramatic change.
For starters, Britain’s global trade dominance had dwindled further, and a newly united Germany had stepped up to pick up the slack. Germany’s automobile industry started to expand rapidly around this time. In 1990, Germany exported 2.6 million cars worldwide, which was fewer than Japan shipped that year, but still enough to make Germany one of the most important trade hubs at the time.
1990 was also around the same time that China was starting to emerge as a global leader. The country’s economy had been picking up steam over the previous decade, thanks to a series of reforms brought on by then-leader Deng Xiaoping that were created to encourage foreign investment and boost international trade.
This new focus on economic growth in China spurred the rapid expansion of free trade zones in the country, which granted certain areas special liberties on importing and exporting goods.
Throughout the 1990s, China’s economic prosperity continued, and its role in international trade became increasingly significant. Finally, at the end of the decade, China became a member of the World Trade Organization, giving the country an unparalleled opportunity to establish itself further as a major global trading partner.
2020: A New World Order
By 2020, China had overtaken the U.S. as the world’s biggest trade partner. But as the country’s influence grew, so did tensions between the U.S. and China.
In 2018, the Trump administration set tariffs on more than $360 billion in goods, in an effort to encourage Americans to purchase domestic products.
In response, China set its own tariffs on more than $110 billion worth of U.S. goods.
The conflict is still ongoing, and so far, there’s no clear winner in sight.
The tariffs and trade barriers have hurt both countries, and with bilateral trade sputtering, many are left wondering if the peak of globalization is well behind us.
Visualizing Top Economies in the World
According to a recent report from Goldman Sachs, the balance of global economic power is projected to shift dramatically in the coming decades.
In the graphic below, we’ve created a bump chart that provides a historical and predictive overview of the world’s top 15 economies at several milestones: 1980, 2000, 2022, and Goldman Sachs projections for 2050 and 2075.
Projections and Highlights for 2050
The following table shows the projected top economies in the world for 2050. All figures represent real GDP projections, based on 2021 USD.
|Rank||Country||Real GDP in 2050 (USD trillions)|
A major theme of the past several decades has been China and India’s incredible growth. For instance, between 2000 and 2022, India jumped eight spots to become the fifth largest economy, surpassing the UK and France.
By 2050, Goldman Sachs believes that the weight of global GDP will shift even more towards Asia. While this is partly due to Asia outperforming previous forecasts, it is also due to BRICS nations underperforming.
Notably, Indonesia will become the fourth biggest economy by 2050, surpassing Brazil and Russia as the largest emerging market. Indonesia is the world’s largest archipelagic state, and currently has the fourth largest population at 277 million.
Top Economies in the World in 2075
The following table includes the underlying numbers for 2075. Once again, figures represent real GDP projections, based on 2021 USD.
|Rank||Country||Real GDP in 2075 (USD trillions)|
Projecting further to 2075 reveals a drastically different world order, with Nigeria, Pakistan, and Egypt breaking into the top 10. A major consideration in these estimates is rapid population growth, which should result in a massive labor force across all three nations.
Meanwhile, European economies will continue to slip further down the rankings. Germany, which was once the world’s third largest economy, will sit at ninth behind Brazil.
It should also be noted that China, India, and the U.S. are expected to have similar GDPs by this time, suggesting somewhat equal economic power.
As a result, how these nations choose to engage with one another is likely to shape the global landscape in ways that have far-reaching implications.