Many of us are celebrating 2011 with hope as economic signs in the US such as unemployment growth, GDP growth, and investor confidence levels are all improving. After all, most of the developed world just went through the toughest recession of the 2000's decade. During the worst conditions, the US GDP went negative at -2.5% and Japan's GDP dipped to the -5.2% level. If you … [Read more...] about Economic Lessons from Japan: When Will the Vietnam Miracle End?
If you are following the news recently, you will realized that many people and industries are frustrated about the under-valued Chinese currency. These folks are blaming that such action by China is increasing the US current trade-deficit with China and it is weakening the American economy. Some others are citing China as the main reason why American is too slow in recovering … [Read more...] about China Hurts Its Own Citizens with Under-Valued Currency
During this past week, everyone around the world was talking about the suspense of the 33 Chilean miners rescue. I was also sucked into the news storm and took some effort to find out what happened. Basically, a mine shaft in San Jose, Chile collapsed and caused the rocks to block the exit route. There were 2 groups of miners: the first group near the surface was able to … [Read more...] about Cost & Benefit of Chilean Rescue & What to Learn from Chilean President
Folks in Vietnam are very entrepreneurial. Anyone who visits the country can testify to this fact as they see the cities being filled with street vendors and small shops. Except the very studious students whom dream to be hired by various foreign companies, almost every family has their own business. Please note that "owning a business" in Vietnam does not carry the same image … [Read more...] about Vietnamese Are Not Innovative
If you have been to Vietnam, you'd most likely see a large disparity in income among the Vietnamese population. It is a common complain that "the rich are too rich, and the poor are too poor". In my latest chat with a recent Vietnamese immigrant, this person confirmed the complain with her own experience and further added that equality is getting worse by the year. That … [Read more...] about Vietnamese Are Richer Than You Think