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Change in Chinese Culture and Values Could Open Chinese Sports Market for U.S., says MU Researcher

By Guest PostNovember 2, 2012Economyamerican sports, Beijing, billion people, China, chinese broadcasting, chinese commentary, chinese public, chinese sport, culture shift, economic boost, economic market, fifth summit, globe, marketplace, missouri, nicholas watanabe, olympic games, population, products, sport market, sport university, tie nie, university, us consumers

Large, untapped market could benefit U.S. economy.

COLUMBIA, Mo. – Currently, China has a population of more than 1.3 billion people, and based on a new study from the University of Missouri, it appears that interest in American sports is growing in the country, which could open a large, untapped economic market for the U.S.

“While we are still in uncertain economic times, it’s important to draw on strengths as the marketplace is expanded around the globe,” said Nicholas Watanabe, assistant professor of the sport management emphasis in the Department of Parks, Recreation and Tourism at MU. “American sports have a large following in many countries, and we could experience a similar effect in China with the right business and marketing plans.” (more…)

UMD Study: Fiscal Cliff Could Trigger Deep Recession, Fear of Cliff Has Cut GDP Already

By Guest PostOctober 30, 2012Economyamerica, analysis, congress, debt burdens, defense spending, economic crisis, economic environment, effect, employment level, Europe, federal spending, financial crisis, fiscal cliff, fiscal shock, gdp, government policy, inforum, interindustry forecasting project, jeff werling, maryland, multiplier, nation, prediction, recession, sequestration, tax cuts, tax increase, tax reform, u.s economy, university

COLLEGE PARK, Md. – The so-called “fiscal cliff” has already begun dampening the U.S. economy – even before it officially kicks in – and by year’s end will have cut 2012 GDP an estimated six-tenths of one percent, says a new study conducted by researchers at the University of Maryland’s Interindustry Forecasting Project (Inforum).

The study, called Fiscal Shock: America’s Economic Crisis, is one of the first to look beyond the first year effects of the combined federal spending cuts and tax increases. It projects an escalating impact into 2014 and beyond, as “multiplier” effects of fiscal contraction kick in. (more…)

Fingerprints for Financing: Removing Some Risk from Lending in Africa

By Guest PostOctober 16, 2012Economy, Generalafrican nation, american, biometric identification, birth certificate, computer, control trial, credit history, dean yang, defaulting, economic review, economist, fingerprinting, id, identification system, jessica Goldberg, malawi, michigan, microfinance institution, national, negative association, paprika, paprika farmer, positive association, record, rural area, scanned fingerprint, software, southeastern, university, witchcraft, world bank, xavier gine

ANN ARBOR — Some called it “witchcraft.” Others just watched in awe as their scanned fingerprints were used to pull up their records on a computer.

They were paprika farmers in Malawi participating in a new study that shows fingerprinting can help encourage borrowers to repay their loans.

Like many impoverished countries, Malawi lacks a national identification system. Most of the population lives in rural areas with few government services. Even ID as basic as a birth certificate is rare in the southeastern African nation. (more…)

Second-generation Immigrants Outperform Mainstream Populations in the US, Canada, and Australia

By Guest PostOctober 6, 2012Culture, Economy, Education, Politicsafro caribbean, australia, canada, canadian integration, canadian perspective, census data, chinese, cross national, difference, employment success, heather zhang, higher education, higher generation, immigrant, immigrant success, jeffrey reitz, labour market, mainstream population, mcgill university, multiculturalism, naoko hawkins, offspring, professional occupation, reflective, research journal, second generation, social science, south asian, survey, toronto, united states, university, US, white

TORONTO, ON – A new study published by the Social Science Research journal reveals that second-generation Chinese and South Asian immigrants in the US, Canada, and Australia are more successful than the respective mainstream populations (third- and higher-generation whites).

Jeffrey G. Reitz and Naoko Hawkins from the University of Toronto and Heather Zhang from McGill University examined survey and census data from these countries to compare the achievements of immigrants and their offspring. (more…)

U.S. Manufacturers Bringing Work Home from Overseas

By Guest PostOctober 3, 2012Economyaerospace, chain, China, cultural barrier, defense, domestic soil, Economy, electronics, erosion, expert, factor, firm, global risk, India, industry, intellectual property, kenneth petersen, labor cost, language, lisa ellram, manufacturing operation, medical, michigan, oil price, overseas, political instability, problem, product quality, state university, supply, surgical supplies, time zone, tobias schoenherr, transportation cost, united states, US, wendy tate

EAST LANSING, Mich. — Increasingly, U.S. firms are moving or considering moving their manufacturing operations back to domestic soil from overseas, finds a new study co-authored by a Michigan State University supply chain expert.

Fueling the trend are rising labor costs in emerging countries, high oil prices and increasing transportation costs, global risks such as political instability and other factors, said Tobias Schoenherr.

“Going overseas is not the panacea that it was thought of just a decade or so ago,” said Schoenherr, assistant professor in MSU’s top-ranked Department of Supply Chain Management. “Companies have realized the challenges and thus are moving back to the United States.” (more…)

IBM and Broadridge Study Reveals Financial Markets Firms Challenged to Deliver Innovation and Efficiency

By Guest PostSeptember 21, 2012Economy, Technologyapplied insights, broadridge, business services, capital market, center, charles marchesani, customer demand, decision maker, financial solutions, global, hong kong, ibm, it, North America, organizational dna, proxy service, ron lefferts, singapore, united kingdom, united states

Only 1 in 5 firms excels at supporting new regulation and responding rapidly to client demands

Leading firms are rethinking their operations, forming external partnerships

NEW YORK, N.Y. – 21 Sep 2012: A new report released by IBM in collaboration with Broadridge Financial Solutions, Inc. reveals that increasing regulatory pressures and shifting customer demands are forcing financial markets firms to transform how they operate. Forward-thinking firms are breaking away from the industry’s long-held “not invented here” approach to managing operations to create a more open, agile and customer-focused model that expands the traditional boundaries of collaboration with external partners.

In a survey of 133 senior business executives and top IT decision makers from large and small firms located in the world’s trading centers – the United States, United Kingdom, Singapore and Hong Kong – 77 percent cite regulatory requirements and 59 percent point to more demanding customers as the top external market drivers triggering changes in their operating models. Only 22 percent of the firms currently excel at meeting both. (more…)

Too Much Information? It Depends …

By Guest PostSeptember 18, 2012Economyadvertising, brown university, cognitive reflection test, colorado, crt, explanation fiends, explanation foes, hypothesis, illusion, julia shube, philip fernbach, psychologist, robert st louis, steven sloman, university

In a new study, psychologists at Brown University and the University of Colorado found that while some people require a detailed explanation of how a product works before they’ll be willing to pay more, others became less willing to pay when confronted with that additional detail. A simple, standard test predicted the desire for detail — who wants more, who wants less.

PROVIDENCE, R.I. [Brown University] — A study published online in the Journal of Consumer Research finds that people can differ widely on the level of detail makes them feel they understand something. In experiments, the very same explanations that some subjects required before they would pay top dollar seemed to drive down what others were willing to pay. The natural trick for a marketer would be to figure out which customers are which. The study does that, too.

“The fact is that people differ,” said Steven Sloman, professor of cognitive, linguistic, and psychological sciences at Brown University and an author on the paper. “Your advertising, your marketing, and your understanding of people has to be guided by an appreciation of who you are talking to.” (more…)

U.S. Poverty Rate Levels Off in New Report: UMD Expert

By Guest PostSeptember 13, 2012Economyamerican, middle class, poverty line, poverty rate

COLLEGE PARK, Md. – Newly released U.S. Census figures show the poverty rate essentially leveled in 2011 – beating the expectations of many experts who had predicted a fifth straight increase, says Professor Douglas Besharov, an expert on poverty and welfare at the University of Maryland School of Public Policy. (more…)

Category Archives: Economy