The standard form of foreign trade balance is facing criticism. The allegation is that the actual added value will no longer be mapped if the flow of goods and services is viewed as a whole each time it crosses a border. A method that takes the criticism into account will be applied in a database shared by the "club of the industrialized nations", the OECD and the World Trade Organization, WTO. This will compile only the added value that a country adds to an export product or to a particular service aimed at the external market.
By Gareth Winstone, Haines Watts
Despite the economic issues around the world, it has never been a better time to set up business in the UK. Many global companies have a presence or headquarters in the UK because of the well established legal and regulatory framework and the highly skilled workforce.
By Sergio Guerrero Rosas, Guerrero y Santana, S.C.
With the arrival of the new President, Enrique Peña Nieto, on December 1st, there are great expectations with many anticipating a wave of excellent opportunities for investment. Of the 260 commitments signed as part of Peña Nieto's election campaign, 90 were related to infrastructure and public transport; a clear show of his strategy for economic improvement and growth in Mexico. In fact, by the end of his 6-year term, Peña Nieto aims to have doubled investment in this area.
The local integration of immigrants in the OECD countries has improved over the last ten years. The first OECD study on local integration of immigrants (this is also the title of the study) which was presented on December 3, 2012 researched the treatment of immigrants and their children in the individual OECD countries. Indicators were education, health as well as living conditions, income conditions and working conditions.
For increase in competitiveness of companies, Government saving and wage reductions at the same time have become the strategy for overcoming the economic crisis for many countries. The experts of the International Labor Organization (ILO) consider this course of action as a wrong approach. This is shown in the Global Wage Report of the ILO, which was presented in Geneva on December 7, 2012.
2012 will not go down as a growth year in the annals of the EU. In its autumn assessment presented on 7 November 2012, the EU Commission actually predicted a reduction in GDP by 0.3 percent for the EU economy in the current year. The EU Commission expects slight economic growth again in 2013. On the other hand, the assessment predicts that unemployment will remain at a high level.
According to the International Labour Organisation (ILO), 30 million more people around the world are now unemployed compared to the onset of the global economic crisis in 2008. Another 40 million people are no longer available in the employment market since the affected individuals have given up hope of a regular job.
CARS 2020 is the EU Commission's action plan for the European automobile industry. Helping the industry maintain its leading position in global competition is the objective. The plan presented on 8 November 2012 in Brussels is the first component of the European Union's new industrial policy introduced in 2010.
The development and expansion of a trans-European transportation network (TEN-V) is being subsidised with co-financing by the European Union. EUR 200 million is available this year for 74 projects selected by the EU Commission. Roads, waterways, rail links, airports and seaports are eligible in principle.
Eurostat, the statistical office of the European Union, presented a report on the state of leading indicators for the Europe 2020 strategy on 1 October 2012. The strategy was approved by the European Council in 2010. It is aimed at a high level of employment, productivity and social cohesiveness.
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