posts tagged with Growth

Creating Access for Growth

Subic Bay Industrial Park-sq.jpg On a recent trip abroad, I saw beautiful furniture pieces that stood out for the precision of their construction. I was pleasantly surprised to learn that they were made in Cebu, Philippines. Cebu is a region full of skilled craftsmen whose works are now being appreciated in houses worldwide.

At a time when trade is already driving world economies, it is still exciting that individuals —particularly those from far-flung and remote locations — are now capable of bringing their work to the world stage. This improves livelihood opportunities on a small scale, but factor in the multiplier effect as it extends across communities, and it can now directly impact the economy.

Here, one element is crucial: Access...

Transformation: A Prescription for Growth

Gene's media briefing in BJ.jpg.jpeg When I arrived at FedEx 14 years ago, the term “smartphone” was never used. Social media was virtually unknown, and you often had to wait until a developer handed you an envelope of prints to know what your vacation photos looked like.

It’s amazing how times have changed. Throughout history we have witnessed mind-blowing transformations that have dramatically improved our lives. The first Industrial Revolution brought us railways, steam power and machine tools. Electric power and the internal combustion engine arrived next, and later computer and digital technology. Where would we be today without innovation?

FedEx has also followed a model for innovation and growth...

Quality Vs. Quantity: Why Emerging Markets Must Concentrate on Sustainable Growth

EX1151_6.jpg As Brazil prepares to host two premier sporting events, the FIFA World Cup in 2014 and the Summer Olympics in 2016, some predict that the country will invest more than $60 billion USD in public works projects ranging from road expansions to the improvement of telecommunications networks. The infrastructure upgrades are not only necessary to accommodate the enormous amount of visitors these sporting events will bring to Brazil, but also to help solidify that country’s standing as an emerging market for growth.

As economic powerhouses, like the United States, faltered during The Great Recession that hit a few years ago, emerging markets like Brazil, Russia, India, China and South Africa were cast onto the world stage—spotlighted as the next phase of global economic growth. According to a recent article by McKinsey & Company, emerging market cities will generate more than 45 percent of global GDP growth between 2007 and 2025. The report also notes that the need to prioritize sustainable growth in emerging markets has never been more urgent. By sustainable development, the article refers to economic growth that improves lives without exhausting the environment or other resources.

Economic Advancement? Listen to These Businesses

b20-stpetersburg.jpeg Ralph Carter represented FedEx at the recent B20 discussions in Russia.

The Palaces of Peter and Catherine the Great were a stunning backdrop to last week’s Business 20 ("B20") meetings in Russia.

Governments around the world are looking for the right mix of policies to spur economic growth. With some countries opting for austerity while others try expansionary fiscal and monetary policies, consensus on the best approach is hard to find.

Africa’s Moment to Move Forward

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I recently returned from the World Economic Forum on Africa in Cape Town, South Africa.  The city lives up to its reputation as one of the most beautiful in the world.  But the assembled leaders were there to do much more than just take in the view.  Like the early explorers who founded Cape Town, this group of leaders came to chart a course for a new era of growth and opportunity for the continent.  Optimism was the prevailing mood of the participants, though