Knowledge Central

The United States (U.S.) and Canada generated a combined GDP of $20.234 trillion, second only to East Asia globally. However, this number grew a modest 1.58% in 2016. According to OECD data, the U.S. forecasts growth of 2.14% in 2017 and 2.38% in 2018, while Canada forecasts 2.83% and 2.34% respectively. In 2016, the U.S. accounted […]

Global businesses have long had their eyes on Korea. According to the latest World Bank annual ratings, the country is now ranked number 4 among global economies for ease of doing business. Business-friendly policies, leading technological and digital infrastructure and unparalleled education system investments highlight its emergence as a top target for global expansion and investment. […]

As the world economies become increasingly inter-connected, benefits of a company starting a business overseas are significant. Companies have recognized the need and opportunity to expand their product and services offering beyond their domestic shores. Through advancement in technologies, communication, and transportation infrastructure, it is now possible to overcome constraints that once limited global expansion. Some of […]

Hong Kong continues to be a favorable destination target for foreign businesses looking to expand into Asia. Despite its small size geographically, Hong Kong was ranked as the world’s 7th largest trading entity. For 2018 as a whole, Hong Kong’s GDP grew by 3% in real terms. It measures as one of the top five easiest […]

For purposes of this article, Australia, New Zealand plus the Pacific Islands combine to form the economic region known as Oceania. From a practical standpoint, only Australia and New Zealand are looked at seriously by global investors. The Pacific Islands are small in size with limited natural resources, narrowly-based economies, large distances to major markets, […]

With the advent of new technologies and innovations around the world, the global economic environment continues to evolve and thrive. Change, therefore, becomes the new constant. As change becomes a necessity for growth, organizations that continue to reshape their business processes and business model need to also be aware of the latest accounting trends.  Accounting […]

East Asia contains the following countries: China, Hong Kong, Japan, Macau, South Korea and Taiwan. Since the late 1970s, China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China accounts for 71.36% of East Asia’s GDP. According to the World Bank, “China has implemented reforms in a gradualist fashion, resulting […]

The Association of South East Asian Nations (ASEAN) closed 2017 with a GDP of approximately 2.76 trillion USD. How many of our readers would have guessed the ASEAN economy is so substantial. You may also be interested to know that ASEAN population (642.7 million) is almost double that of the US. Indonesia alone reported a […]

With the ever-increasing scientific and technological developments, reduction in communication barriers and increase in global consumer demand, the importance and requirement of globalization for any growing organization is undeniably evident. Global market expansion for any organization refers to the expansion in its activities on a global scale, outside its home country through foreign investment. The idea is […]

In order for any international business to maintain its customer acquisition rate, and to progress in general, it must follow trends and adapt to new situations. There are new gadgets, online tools, apps, and platforms that help businesses around the world alter their approach, cut costs, and also advertise. Being up to date helps you […]

The great recession of 2009 has fundamentally altered the American economy and business environment. In the past several years, the decrease in domestic demand, coupled with a bigger global market, has resulted in American companies expanding overseas, where they can enter potential new markets and serve the global consumer base. Brand Recognition as a Core Many U.S. based […]

Hong Kong and Singapore have always been seen as two fierce competitors that try to attract foreign investments. Both are similar in many ways, and yet, individually possesses competitive advantages over the other. Hong Kong is a Special Administrative Region (“SAR”) of China. Under China’s “one country, two systems” concept, Hong Kong retains its owns judicial […]