Business Commentary for Rational Individuals : 

Issue I

                                                                                                          

                                                                                               Proceed to Issue II.

 

What Can Keep Russia from Growing?:

Dr. Bill Belew:

June 10, 2006:

Standards of living in today's Russian Federation have been on the rise in the past several years, and one hopes that they will continue to rise. The question is: will the forces fueling this rise exceed the forces acting to impede it? This is Dr. Bill Belew's interpretation of the obstacles and prospects in Russia's economic future.

 

Motorola and Nokia Go Head-to-Head in India:

Dr. Bill Belew:

June 10, 2006:

Intense competition among wealthy multinational companies could turn India from a largely technologically backward country into a modernized, technologically advanced economic power integrated with Western economies. The demand for mobile phone technology is certainly there, and now the multinational corporations are supplying it to everyone's benefit. Dr. Bill Belew comments on the recent massive investments made into India by Motorola and Nokia prime examples of India's rapid Westernization.

 

Yahoo! to Buy into South Korean GMarket:

Dr. Bill Belew:

June 10, 2006:

Yahoo! is diversifying its assets and revenue sources from simply being a search engine to entering the online retail market and becoming a prominent player there. Dr. Belew describes Yahoo!'s recent bid to acquire the South Korean retailer GMarket as a prime example of this. This pursuit is wise; if one of Yahoo!'s revenue sources someday happens to be doing poorly, Yahoo! will always be able to rely on the others.

 

Russians Love Putin:

Dr. Bill Belew:

June 10, 2006:

Russia's economic growth is taking place while the authoritarian Putin administration is in power, yet the average Russian does not detest Putin. Rather, the average Russian is pessimistic and sees no viable alternative to Putin's rule. Dr. Bill Belew describes Russia's recent economic growth which happened despite Putinnot because of him. Certainly, the Russian government's attempts to bring ever more industries under government control do not bode well for economic prosperity in the future. Perhaps the Russian people are wise to be saving for hard times; they will need their savings in the future when government mismanagement will ruin the economic situation once more.

 

Labor Leaders are Happy to See Hyundai's Chief in Jail:

Dr. Bill Belew:

June 10, 2006:

This article by Dr. Bill Belew presents another example of economic inefficiency caused by domineering and coercive labor unions. The unionshappy over the recent imprisonment of Hyundai's CEO Chung Mong Koowould rather gladly watch their company stagnate and decline than accept the leadership of a man they dislike; their personality politics stand in the way of economic progress.

 

Help Wanted: Chinese Accountants: PriceWaterhouseCoopers:

Dr. Bill Belew:

June 10, 2006:

This article by Dr. Belew highlights major accounting firms' increasing need for accountants who can speak Chinese. It shows another example of how globalization creates jobs; the demand for accountants has been fueled by China's steadily modernizing, Westernizing economy. This demand has created opportunities for Chinese-speaking accountants from all over the world opportunities that simply would not have existed had globalization not been allowed to take its course.

 

New Japanese Vehicle: Hallucigenia01:

Dr. Bill Belew:

June 11, 2006:

Dr. Belew describes a wonderful new invention by Japanese designers Yamanaka Shunji and Furuta Takayuki: a car that can make a full circle and climb stairs. Another technological achievement has been reached by creative, industrious entrepreneurs and inventors. This is also yet a further example of the global economy at work in bringing us ideas from other countries that might dramatically improve our lives in the future.

 

Toyota, Honda, Ford Hybrid Tax Credits:

Dr. Bill Belew:

June 11, 2006:

Dr. Bill Belew writes that the U. S. government is giving out tax credits to owners of hybrid cars partly as an incentive to purchase these cars despite their greater expense in almost all other areas. The question here is whether the money saved via the tax credit will be greater than the money lost by purchasing the hybrid car and paying more for fuel and/or for the car itself; it is a question of specific calculations that cannot be answered a priori. Suffice it to say that the tax credits provide a greater incentive to purchase hybrid cars than the absence of said credits.

 

China Takes on India on India's Home Turf:

Dr. Bill Belew:

June 11, 2006:

According to this article by Dr. Belew, it seems that China has a comparative advantage over India in textiles and can export textile raw material to India cheaper than India can produce it. The importing of Chinese textiles will redirect Indian labor toward more efficient tasks which Indians can perform at a comparative advantage over others. It will result in growth in the standards of living of Indians, Chinese, and everyone else.

 

Electronic Data Systems Acquires Interest in Mphasis:

Dr. Bill Belew:

June 11, 2006:

Dr. Belew describes the competition currently underway between Electronic Data Systems and IBM for the acquisition of the Indian firm Mphasis. The current rush of funds into India means that India is ready for massive investments from Western multinational corporations; this is a precursor to rapid modernization and Westernization, which will quickly integrate India into the rest of the world economy—provided that neither Western nor Indian governments interfere to stifle this progress.

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