Will the far east be THE place for business in the future?
Discussion
I've heard it a few times now, people saying that the likes of China, Japan, India etc. etc. will develop faster and faster and will leave Europe and the USA far behind.
With the likes of human rights and health'n'safety dragging the western developed countries to its knees in terms of cost and just being able to get things done.... the new world leaders will be the far east.
What do people think about this??
I spent most of last year living in Shanghai and I noticed that when they want something doing, then they just go ahead and do it.
Businesses like this because of the turn around, the low costs and the new business it generates.
Companies are more willing to put money upfront, customers are more willing to spend as costs are generally lower. And the shear number of population in that part of the world means that you are never short of customers.
I notice that Bernie Ecclestone mentioned recently that he had to turn his focus more towards the far esat, as that is where F1 can move forward.
Knowing all the silly H&S rules and red tape that is now institutionalised here in Europe, I don't really blame him.
But this not only applies to F1.... its about how Europe and the rest of the 'west' is not moving forward enough...and keeping ahead of the developments in the east.
With the likes of human rights and health'n'safety dragging the western developed countries to its knees in terms of cost and just being able to get things done.... the new world leaders will be the far east.
What do people think about this??
I spent most of last year living in Shanghai and I noticed that when they want something doing, then they just go ahead and do it.
Businesses like this because of the turn around, the low costs and the new business it generates.
Companies are more willing to put money upfront, customers are more willing to spend as costs are generally lower. And the shear number of population in that part of the world means that you are never short of customers.
I notice that Bernie Ecclestone mentioned recently that he had to turn his focus more towards the far esat, as that is where F1 can move forward.
Knowing all the silly H&S rules and red tape that is now institutionalised here in Europe, I don't really blame him.
But this not only applies to F1.... its about how Europe and the rest of the 'west' is not moving forward enough...and keeping ahead of the developments in the east.
AJI said:
I've heard it a few times now, people saying that the likes of China, Japan, India etc. etc. will develop faster and faster and will leave Europe and the USA far behind.
With the likes of human rights and health'n'safety dragging the western developed countries to its knees in terms of cost and just being able to get things done.... the new world leaders will be the far east.
What do people think about this??
I spent most of last year living in Shanghai and I noticed that when they want something doing, then they just go ahead and do it.
Businesses like this because of the turn around, the low costs and the new business it generates.
Companies are more willing to put money upfront, customers are more willing to spend as costs are generally lower. And the shear number of population in that part of the world means that you are never short of customers.
I notice that Bernie Ecclestone mentioned recently that he had to turn his focus more towards the far esat, as that is where F1 can move forward.
Knowing all the silly H&S rules and red tape that is now institutionalised here in Europe, I don't really blame him.
But this not only applies to F1.... its about how Europe and the rest of the 'west' is not moving forward enough...and keeping ahead of the developments in the east.
I wouldn't say the whole of Europe adheres to H&S legislation, I think we in the UK do but have not seen much evidence of it elsewhere. Saw a crane lift on the sea front in Playa Blanca in November. The method statement must have read something like "Make sure some scruffy get stands next to the crane, smoking a fag and make sure the load gets lifted directly over as many tourists as possible" With the likes of human rights and health'n'safety dragging the western developed countries to its knees in terms of cost and just being able to get things done.... the new world leaders will be the far east.
What do people think about this??
I spent most of last year living in Shanghai and I noticed that when they want something doing, then they just go ahead and do it.
Businesses like this because of the turn around, the low costs and the new business it generates.
Companies are more willing to put money upfront, customers are more willing to spend as costs are generally lower. And the shear number of population in that part of the world means that you are never short of customers.
I notice that Bernie Ecclestone mentioned recently that he had to turn his focus more towards the far esat, as that is where F1 can move forward.
Knowing all the silly H&S rules and red tape that is now institutionalised here in Europe, I don't really blame him.
But this not only applies to F1.... its about how Europe and the rest of the 'west' is not moving forward enough...and keeping ahead of the developments in the east.
thehawk said:
The short answer is yes, why wouldn't it.
I think places like London have had their day, they'll still be important trade centres but over time everything will move east. Singapore, Hong Kong, Shanghai, Tokyo, Mumbai will be the main hubs.
I think places like London have had their day, they'll still be important trade centres but over time everything will move east. Singapore, Hong Kong, Shanghai, Tokyo, Mumbai will be the main hubs.
Singapore for example is suffering at the moment because of shipping.. The banking industry is in handcuffs because of cutbacks that "have to apply globally" but the finance markets are making good. The manufacturing (semicondictors, shipyards etc) are still doing well as is the offshore industry. As soon as the west starts buying again the shipping industry will be back too ...
In short, probably one of the last economies to be properly hit (by joe on teh street) by the crunch and probably be one of the first to recover too....
XJSJohn said:
thehawk said:
The short answer is yes, why wouldn't it.
I think places like London have had their day, they'll still be important trade centres but over time everything will move east. Singapore, Hong Kong, Shanghai, Tokyo, Mumbai will be the main hubs.
I think places like London have had their day, they'll still be important trade centres but over time everything will move east. Singapore, Hong Kong, Shanghai, Tokyo, Mumbai will be the main hubs.
Singapore for example is suffering at the moment because of shipping.. The banking industry is in handcuffs because of cutbacks that "have to apply globally" but the finance markets are making good. The manufacturing (semicondictors, shipyards etc) are still doing well as is the offshore industry. As soon as the west starts buying again the shipping industry will be back too ...
In short, probably one of the last economies to be properly hit (by joe on teh street) by the crunch and probably be one of the first to recover too....
I personally feel our obsession with the Eco system will do far more damage than our mismanagement of the Economy. We are crippling ourselves with Green Guilt and this, on top of our politically correct management policies and suffocating legislation will allow the East to sprint ahead of us.
As someone pointed out, when they need to do something in the East they will do it, they are incredibly resourceful and pay little heed to the details.
As someone pointed out, when they need to do something in the East they will do it, they are incredibly resourceful and pay little heed to the details.
None of this slapping women or beating newspapers sellers' backsides with truncheons. Proper metal-meets-skull policing, I suspect.
The Fly Fisher said:
Never mind the future - it is now. I spent a few years in Hong Kong and the business operates in a far more profitable and professional way than in Europe.
Far superior culture too. Hopefully I'll work there again sometime soon.
Happy to share more info if anyone thinks otherwise...
+1Far superior culture too. Hopefully I'll work there again sometime soon.
Happy to share more info if anyone thinks otherwise...
Lovely place there imo
Invisible man said:
I personally feel our obsession with the Eco system will do far more damage than our mismanagement of the Economy. We are crippling ourselves with Green Guilt....
And China/India etc are laughing all the way to the bank at the way this piddly little island to the north of europe has single handedly decided to save the planet!China puts out more pollution in one day than the UK does in a year, and they are increasing their industrial output as we speak, not crippling it with fairy stories of Co2 and drowning polar bears.
Obama is already trying to cripple the US - whether he does it, or whether Amercia will wake up and put things back to normal, remains to be seen.
Latest wheeze, apart from revealing interrogation tactics and palling up to his enemies, is to put CO2 under their clean air act as 'hazardous to health', so that companies can be prosecuted. I'm sure what GM etc need right now is a $50,000,000 fine
Latest wheeze, apart from revealing interrogation tactics and palling up to his enemies, is to put CO2 under their clean air act as 'hazardous to health', so that companies can be prosecuted. I'm sure what GM etc need right now is a $50,000,000 fine
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