By Elizabeth Martînez
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Because the global turns into flatter and globalization creates an international village, it really is significant that leaders have the cultural flexibility and flexibility to motivate and consultant humans from very designated backgrounds that represents the entire rainbow of humanity. Salsa, Soul and Spirit: management for a Multicultural kingdom places forth a multicultural management version that integrates 8 practices from African American, Indian and Latino groups.
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Singapore has largely been displaced in manufacturing by lower-cost competitors but has tried to reinvent itself as a services hub. Singapore’s brand of efficiency, transparency and management has increased its credibility as a regional hub for services. Singapore is also relying on the ‘hubbing’ strategy to expand its economic development by inviting foreign MNCs, such as those in the IT sector, to establish their R&D base in Singapore. Working on the premise that Singapore could be used as a stepping stone or launching pad to the Chinese market or the wider market of Southeast Asia, foreign MNCs are being attracted to establish a base and/or their regional OHQs in Singapore (Dunning, 2000).
In 2005, in terms of per capita among the East Asian economies, Japan led the way with almost US$38,980 followed by Singapore at US$27,940. At the end of 2005, China’s per capita income was US$1,740 and India’s was below US$720 (World Bank Website). The new drive towards East post-cold war 41 Asian regionalism received strong support from major Asian economies, especially after the Asian Financial Crisis. China, which was to a large extent suspicious of East Asian initiatives because it suspected the overarching influence of the US, took a more active part in these regional initiatives after the US opposed calls from Japan to create an Asian Monetary Fund (Akira, February 2005).
BIMSTEC has evolved from its original members comprising Bangladesh, India, Myanmar, Sri Lanka and Thailand. BIMSTEC was established on 6 June 1997 at the meeting of the Foreign Ministers of the respective countries in Bangkok. BIMSTEC is working towards enhancing economic linkages between South Asia and Southeast Asia. Growth Triangles Intra-regional economic cooperation among the ASEAN member countries have produced a number of regional initiatives such as the Growth Triangles. Growth Triangles emerged as a result of the convergence of regional economic cooperation and large inflows of FDI (Tang & Thant, 1994).
De colores means all of us: Latina views for a multi-colored century by Elizabeth Martînez