Get on top of multicultural international trade

According to research led by University of Warwick economist Stephen Broadberry, per capita income in medieval England would have been about $1,000 if measured in 1990 U.S. dollars. This is substantially higher than in many poor countries today.

By the same measure, per capita income in Zaire, Burundi, and Niger is currently $249, $479, and $514, respectively.

The research provides the first annual estimates of GDP for England between 1270 and 1700 and for Great Britain between 1700 and 1870. Far more data are available for the pre-1870 period than is widely realised. Britain after the Norman conquest was a literate and numerate society that generated substantial written records, many of which have survived. As a result, the research was aided by a wide variety of records – among them manorial records, tithes, farming records, and probate records.

Professor Broadberry further said that: “Our research shows that the path to the Industrial Revolution began far earlier than commonly has been understood. A widely held view of economic history suggests that the Industrial Revolution of 1800 suddenly took off, in the wake of centuries without sustained economic growth or appreciable improvements in living standards in England from the days of the hunter-gatherer. By contrast, we find that the Industrial Revolution did not come out of the blue. Rather, it was the culmination of a long period of economic development stretching back as far as the late medieval period.”

Source:  Warwick University – Medieval England twice as well off as today’s poorest nations

Dans le cadre de partenariat entre Train4Trade et TTC Pilotage (Goupe Time Université), le premier module de formation qui porte sur :

• Assurances
• Incoterms
• Logistique

est donné par Patrick Coets durant le mois de décembre 2010 à Tunis.

Companies looking to target emerging markets could benefit from focusing both on obvious locations like China and India and somewhat neglected areas such as Colombia and Vietnam.

Financial services provider BBVA identified ten nations it believes will do more to aid the worldwide expansion in GDP than a majority of their advanced counterparts over the coming decade.

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Companies hoping to enhance their position in China should target a select group of up-and-coming cities, a report from The Economist Intelligence Unit (EIU) has argued.

Following recent estimations, the Chinese urban population could reach 880m people by 2037. The pace of urbanisation in China will have a fundamental effect on all businesses. China is still a developing market. Urbanisation does more than just drive growth; it also makes it more stable. Guangzhou, Wenzhou, Shanghai and Suzhou currently constitute the primary consumer markets, but other cities are quickly gaining ground. To identify the new generation of leading municipalities, the EIU analysed 86 prefectures boasting at least 1million inhabitants, choosing 20 it believed might form a base for expansion. These outlets – collectively termed CHAMPS – were spread throughout the country, and included Baotou, Shenyang, Wuhu, Hohhot, Xiamen, Wuhan, Nanchang and Xuzhou. During the next decade, these urban centres will grow by 27% to 85m people, in which time the 20 wealthiest cities should swell by 19% and hit 100 million.

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