As I am wrapping up my participation in this week’s CoreNet Global Summit in Brussels, I would like to take a moment to share some thoughts discussed and announce a related initiative my team is preparing to launch.
European economists discussed the economy and its recovery at length this week. The “V” curve recovery model was dismissed (think curves on a graph) as well as the “L” and even the “W” models. A new model was proposed by Deutsche Bank chief economist, Norbert Walker. The “triple- U” recovery with multiple ups and downs over the next several years. While he suggested that western economies would be recovering for a while, he thought that several Asian economies were (or are already) tremendously important to the economic recovery and in fact would be able to begin their departures from policies of monetary stimulation as early as this year or early 2010.
Many of you have probably already assumed that China is on the list and rightly so. He also talked of the potential of Australia and South Korea. One of the key markets for innovation and this recovery he suggested is India.
There are significant opportunities for U.S. businesses in India. Nonetheless, there continue to be obstacles to success in the Indian market. The Dallas Regional Chamber will host its first program in the Navigating Global Risk Series on India. The Consul General of India in Houston will open the program followed by two highly engaging panels: the first on regulatory changes in India as a result of the recession (i.e. the proposed tax code changes) and the second will look at key opportunity sectors (growth sectors) and how to realistically take advantage of those sectors (i.e. day to day business know-how).
To learn more, visit http://bit.ly/rq7Ak
www.dallaschamber.org/global
Thank you to our sponsors: Lockheed Martin Missiles and Fire Control and The University of Texas at Dallas – School of Management and the School of Management Executive Education program.
