Social Finance Matters (investing and business models for good)
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Social Finance Matters (investing and business models for good)
The first and highest rated scoop.it blog on social finance and sustainable and inclusive business. The curations are mine.
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China's not breaking the rules. It's playing a different game.

China's not breaking the rules. It's playing a different game. | Social Finance Matters (investing and business models for good) | Scoop.it

In their Oval Office meeting earlier this week, President Obama predictably warned China's visiting president-in-waiting Xi Jinping that China must play by the rules in international trade. It sounded right and fair and slightly tough as it was carefully crafted to do by top White House political advisers, and the president may even believe it. But he shouldn't have said it.

 

The fundamental premise of all U.S trade/globalization talks and discussions is that the participants are all playing the same game of liberal, neo-classical, free market, resource endowment and comparative advantage based free trade. This is a totally false premise that immediately gets the discussions off in irrelevant directions. The global economy is, in fact, sharply divided between those who are playing the free trade game and those who are playing some form of mercantilism. Of course, there is a spectrum of attitudes and policies...

 

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Pascal Lamy, “Africa should strenghten trade within itself” « Afronline – The Voice Of Africa

Pascal Lamy, “Africa should strenghten trade within itself” « Afronline – The Voice Of Africa | Social Finance Matters (investing and business models for good) | Scoop.it

What do you want to see African countries, particularly LDCs, do in order to offset this bleak projection?

 

"For a continent like Africa, it is not all bleak. It is bleak for the EU and probably the US, which is only part of the trade relationship for Africa.

It is bright for Asia, which is a growing part of [trade] relationships for Africa. There is bad news in traditional markets and good news for new markets.

My advice for Africa, as I said at the AU Summit [last week], is to strengthen trade within itself. Given the global uncertainty, which I think is here to stay, the most important thing will be growing intra-African trade. This will make the economy of the continent more resilient and less prone to external shocks, like what happened on the EU, the US, China fronts." 

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Asia-Pacific Enterprise Cooperation Launched

Asia-Pacific Enterprise Cooperation Launched | Social Finance Matters (investing and business models for good) | Scoop.it

Asia-Pacific Enterprise Cooperation (APEC), a non-profit organization based in Singapore, was recently established to strengthen corporate social responsibility and facilitate sustainable development among various government and business entities across the Asia-Pacific region. APEC, whose members includes organizations and enterprise leaders that believe in a humanitarian approach and promote honest business practices, is paving the way towards greater regional trust, exchange, and cooperation among businesses.

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Pakistan textiles lifted by WTO trade waiver

Pakistan textiles lifted by WTO trade waiver | Social Finance Matters (investing and business models for good) | Scoop.it

The World Trade Organization approved unprecedented waivers allowing 75 Pakistani products duty free access to markets in Europe for two years.


The European Union is Pakistan’s largest trading partner, receiving nearly 30 percent of its exports — worth almost 3 billion euros ($3.9 billion).

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Starbucks to Open First Indian Store This Autumn

Starbucks to Open First Indian Store This Autumn | Social Finance Matters (investing and business models for good) | Scoop.it

After years of studying the Indian market, Starbucks Coffee said Monday that it would open its first store here by September through a 50-50 joint venture with Tata Global Beverages, a unit of the largest business group in India.

Starbucks will be in competition with the Indian coffee chain, Cafe Coffee Day.
The announcement comes a year after Starbucks said it was going to enter this market and nearly two months after the Indian government fumbled an effort to attract more foreign investment in its retailing industry.

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