"but it underpins the advantage these economies have over emerging nations."
I agree with you Bolaji. Infact, the reason behind a strong currency is the stable and innovative business environment. Still many of the emerging nations are adopting the technologies initially adopted by the mature economies. The reliance on mature economies is still far from over.
WaqasAltaf, The importance of the strong currency in the West cannot be overestimated. I didn't actually think of it until I read your comment but it underpins the advantage these economies have over emerging nations. Aside from the productivity and innovative environment prevailing in the United States, for instance, the role of the dollar in international markets has been supportive for the economy and given it advantages in balance of trade calculations.
Firstly, impressive facts compiled, Anna. The comparison between emerging and mature economies is getting spot light everywhere these days.
One major advantage which mature economies (I can think of EU and US when I say mature) have is a 'strong' currency. This contributes a lot to their surplus trade balance as imports for them are very cheap. Moreover, they have the direction power to dictate terms to the manufacturing economies as mature economies' consumers are one of the largest buyers in the world despite being less in quantity. Not only this, but the tremendously performing service sector contributes a lot to mature economies' stability.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.