Posts Tagged ‘China#8217;

VERY INTERESTING ARTICLE BY FINANCIAL TIMES.
Call me mad but this crisis is good for China. It is also good for China’s role and responsibilities in the world.
Yesterday, we upgraded our gross domestic product forecasts for China for 2009 and 2010; we are now looking for 8.3 and 10.9 per cent, respectively, up from 6 and 9 per cent.
Why the optimism? It was clear that the massive rise in exports, the mainstay of the China growth model until 2008, was not sustainable. At one stage in late 2007, Chinese exports to the US alone were about 12 per cent of total GDP. This meant that exports would suffer badly in the event of something going wrong with demand in the US, and the risk of a protectionist backlash.
This led some of us to expect an end to the fixed Rmb8.28 exchange rate to the dollar and a gradual shift to a more flexible, stronger exchange rate a few years ago.
Fast-forward to the crisis. When this intensified post-Lehman, global trade suffered enormously and quickly, and it was clear that Chinese growth would suffer. It was also reasonably clear that, just as they did in response to the Asian crisis in 1997, Chinese policymakers would react swiftly and shift gears. That they have done.
Three policy initiatives stand out, and the results are starting to bear fruit, hence our upgraded forecasts.
First, in November the authorities announced massive fiscal expansion, centred on fresh infrastructure spending. While my industry has quibbled about its true size ever since, this misses the point. The statement of intent was clear; interestingly, the stock market noticed and has rallied since.
Second, and ultimately perhaps the most important development in the world economy, the government announced plans to develop a full medical insurance policy for the still vast rural community, the beginnings of which it plans to have fully implemented for 90 per cent of the rural community by 2011. This could result in an end to the excessively high Chinese savings rate and allow much stronger consumption.
Third, and critical to our forecast upgrade, the authorities, led by the People’s Bank of China, embarked on a timely reversal of tightening financial conditions of the previous two years. According to our Chinese financial conditions index, conditions have eased a huge 520 basis points since last October.
These three measures have set the scene for an acceleration of Chinese domestic demand for the rest of 2009 and 2010, just the right recipe for China and, critically, the world.
The next stage of China’s development has started and is likely to go on for years. It was partly in anticipation of this that we highlighted owning China “A” shares as one of our most favoured trades for 2009. As they have risen 50 per cent since the November stimulus announcement, the entry point is now less attractive but, as evidence of rising demand accumulates, many investors are rightly going to be attracted back to China.
The “C” in the Bric economies (Brazil, Russia, India, China) has always been the most important of the four and the events of the past five months continue to justify our excitement for the longer term.
Amusingly, in the past year many people have suggested that the Brics story is over. Nonsense – it is still in its infancy. Indeed, the updated longer-term projections we published last summer, suggesting that China could overtake the US by 2027 and that the Brics collectively could be as big as the G7 by 2027, still look decent bets to me.
At some stage in the coming months, once it becomes clear that Chinese GDP growth is safely back above 8 per cent, policymakers will allow for some tightening of financial conditions again, possibly led by the exchange rate.
In the next two years, China is very likely to overtake Japan to become the second-largest economy in the world. Some say that China might get old before it gets rich, but it is getting bigger and richer, that is for sure. One or two of its ageing G20 partners may wish to take a closer look at Chinese economic policy to see how it’s done.
Jim O’Neill is chief economist at Goldman Sachs

由国际三大管理教育权威认证体系之一的AMBA与浙江大学管理学院联合举办的“MBA质量战略与创业教育国际研讨会”暨“AMBA中国会议”于2009年 3月19日-20日在在浙江大学隆重举行，对外经济贸易大学国际商学院院长助理王智慧教授、MBA中心主任赵贞老师应邀参会。来自全国20余所MBA培养院校的近50余名院长、主任与会。
会议邀请AMBA认证机构负责人Robert Owen先生和AMBA认证中国现场认证组长Dixon教授将出席会议，详细介绍AMBA认证流程、认证标准、认证要点等，并进行AMBA认证方面的咨询与培训。
我们IE商学院院长和中欧国际工商学院院长被邀请做了主题报告，介绍MBA质量提升的国际经验和创业教育的战略途径，并进行专题研讨。
这也真是IE商学院在国内的一种很好的宣传哟！

OBJECTIVES: Aimed at alumni who are interested in expanding their international vision and understanding, with a regional perspective, as well as gaining insight into the relationship and impact of multicultural communities. This course mainly aims at alumni who are interested in one of the world’s fastest growing economies and in learning more about its trade relations.
DATES: May 25, 2009 to May 28, 2009.
VENUE: Fudan University, Shanghai.
COURSE FEE: Associates: €440 ; Non-associates and guests: €600
SPEAKERS & SESSIONS: The course will contain sessions on different areas focusing on the economy and demographics of China. The subjects covered will include the Chinese Economy, Finances, Education, Investment Opportunities, etc. Sessions will be given by entrepreneurs and representatives of important institutions.
COMPANY VISITS: Participants will also have the opportunity to visit companies based in and around Shanghai.
CITY TOUR: IE Alumni Association will organize a guided tour of Shanghai on Sunday, May 24.
For more information, please contact victoria.gimeno@ie.edu or divya.goel@ie.edu.
Place: Fudan University, Shanghai
Date: 25/05/2009

The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis.
The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis.
China, the world’s third-largest economy behind the United States and Japan, had already become more assertive; now it is exploiting its unusual position as a country with piles of cash and a strong banking system, at a time when many countries have neither, to acquire natural resources and make new friends.
Last week, China’s prime minister, Wen Jiabao, even reminded Washington that as one of the United States’ biggest creditors, China expects Washington to safeguard its investment.
China’s leaders are turning economic crisis to competitive advantage, said economic analysts.
The country is using its nearly $600 billion economic stimulus package to make its companies better able to compete in markets at home and abroad, to retrain migrant workers on an immense scale and to rapidly expand subsidies for research and development.
Construction has already begun on new highways and rail lines that are likely to permanently reduce transportation costs.
And while American leaders struggle to revive lending — in the latest effort with a $15 billion program to help small businesses — Chinese banks lent more in the last three months than in the preceding 12 months.
‘The recent tweaks to the stimulus package indicate a sharper focus on the long-term competitiveness of Chinese industry,’ said Eswar S. Prasad, a former China division chief at the International Monetary Fund.
‘Higher expenditures on education and research and development, along with amounts already committed to infrastructure investment, will boost the economy’s productivity.’
The international economic slowdown is also doing some things that Chinese authorities had tried and failed to do for four years: slow inflation, reverse what had been an ever-growing dependence on exports and pop a real estate bubble before it could grow even bigger.
The recession in most of the large economies in the world is inflicting real pain here — causing a record plunge in Chinese exports, putting 20 million migrant workers from within China out of their jobs and raising the potential for increased and sustained social unrest. But as President Hu Jintao told the National People’s Congress last week, “Challenge and opportunity always come together — under certain conditions, one could be transformed into the other.”
To that end, Chinese companies are shopping for foreign businesses to acquire. The commerce ministry announced late Monday that it was greatly easing the government approval process for Chinese companies seeking permission to make foreign acquisitions.
The ministry is now leading its first mergers and acquisitions delegation of corporate executives to Europe; the executives are looking at companies in the automotive, textiles, food, energy, machinery, electronics and environmental protection sectors.
The government initiatives coincide with some immediate benefits of the slowdown for China. For instance, air freight and ocean shipping costs have plunged by as much as two-thirds since last summer as demand has fallen.
Blue-collar wages, which had doubled in four years in some coastal cities, have fallen for many workers this winter, causing personal pain but reviving China’s advantage in labor costs.
Unemployment has pushed down the piece rates that factories pay for each garment sewn or toy assembled. Overtime has practically disappeared.
Lao Shu-jen, a migrant worker from Jiangxi province who works at a blue jeans factory here, said that he earned $350 a month late last year but would be lucky to earn $220 a month this spring.
“There are a lot of blue jeans” piling up in the back of the factory with no sign of buyers, he said.
Highly qualified middle managers, in acutely short supply a year ago, are now widely available because of layoffs. They are likely to stay that way — although white-collar unemployment could pose a threat of social unrest. Limited job opportunities contributed to the Tiananmen Square protests 20 years ago.
Some jobs are still available now. Four days after a shoe factory closed here for lack of orders, laying off several hundred workers, there were four ads on the factory’s front gate from other shoe factories seeking to hire skilled workers.
Unskilled laborers face the greatest difficulty finding jobs. But with subsidies from Beijing, provincial governments have embarked on large-scale vocational training programs of the sort that the United States has discussed but not actually tried.
The New York Times reported that in Guangdong province alone, in southeastern China, is quadrupling its vocational training program this year to teach four million workers engaged in three-month or six-month programs.
The main comparable program in the United States, under the Workforce Investment Act, has been training fewer than 250,000 a year, although President Obama’s stimulus program provides funding that could double the number of American workers in training programs.
The Guangdong training programs are half in the classroom and half in the factory, usually the business that plans to employ the trainees. By increasing productivity, training programs can hold down corporate labor costs per unit of production for years to come.
China’s huge training programs may also help preserve social stability by keeping the unemployed off the streets, although Chinese officials deny that is their intention.
Multinationals are cutting back less in China than elsewhere — and some are even expanding.
Intel is shutting down semiconductor production lines sooner than previously planned at older, smaller operations in Malaysia and the Philippines as it opens a large, new factory in Chengdu in western China.
IMI Plc., the big British manufacturer of items as diverse as power plant valves and brewery equipment, has just announced an accelerated shift of operations to China, India and the Czech Republic, after cutting its global work force by 10 percent since December.
And Hon Hai, the 600,000-employee Taiwanese company that is one of the world’s largest contract manufacturers of products like the Apple iPhone and Nintendo Wii game console, has just increased employment by nearly 5 percent in China even as it cuts overall employment by 3 to 5 percent.
Yet China’s economy still has weaknesses. Little is being done to shift the economy away from a heavy reliance on capital spending and toward greater consumption. The social safety net of pensions, health care and education barely exists, so Chinese families save heavily.
Strict government policies on labor and the environment, intended to address serious shortfalls in both and imposed a year ago when China felt more confident of its economic strength, are prompting low-tech industries like toy manufacturing to move to other, less stringent countries.
Top labor officials insisted during the National People’s Congress that they would resist suggestions from some Chinese executives that the new standards be relaxed.

hinese Premier Wen Jiabao arrived here Friday for an official visit aimed at further bolstering bilateral political ties and cultural exchanges between China and Spain.

Read more…

2009年即将到来，祝大家新的一年万事如意，锦上添花，身体健康，事业兴旺，笑口常开。

Please find the below links to the recordings of IE Virtual Insight Session:
IE Careers Management Department
· Spanish (11 Dec. 2008) – http://conference.ie.edu/p85096238/
· English (11 Dec. 2008) – http://conference.ie.edu/p98627591/
· English (17 Dec. 2008) – http://conference.ie.edu/p10593521/
IE Financial Aid
· English (Dec. 2008): http://conference.ie.edu/p81631625/
· Spanish (Dec. 2008): http://conference.ie.edu/p58448306/
As of recently, we also have videos en our MediaCampus on Financial Aid (scholarships, fellowships and loans):
English: http://www.mediacampus.ie.edu/ieexperience/ieexperience.aspx?IdContenido=KvREoa%2bFBLs%3d
Spanish: http://www.mediacampus.ie.edu/ieexperience/ieexperience.aspx?IdContenido=eE7ucsJ1IlI%3d
大家可以到以上网站访问IE商学院的网上咨询。

Benidorm, the mass-market Spanish seaside resort, has been the butt of British jokes for so long that its desire to apply to Unesco for world heritage status has generated a predictable mix of astonishment and mockery. What do
1960s tower blocks on the Costa Blanca have in common with the Great Barrier Reef or the pyramids of Giza?
It was a gift to cynical humour that Benidorm unveiled a draconian set of by-laws banning sex and drink on the beach just as the Unesco idea was floated.
Benidorm’s critics assumed it was courting the world’s cultural policeman by cleaning up it tawdry image as a base for British lager louts and fornicating Swedes.
A place for Benidorm on the world heritage list, however, is not half as daft as it sounds.
Blackpool in the UK also wants a listing. Both towns could qualify under Unesco’s selection criteria because each represents a vital period in the architecture and history of tourism.
Blackpool says it was the world’s first working-class resort, but it has always been domestic. Benidorm hosted the first wave of international package tours and its skyscrapers have made it the high-rise capital of the Mediterranean.
The man behind it all was the late Pedro Zaragoza Orts. When he was mayor of Benidorm in 1959 he was threatened with excommunication by the Catholic church for allowing bikinis. He drove to Madrid on his scooter and persuaded the dictator Francisco Franco that two-piece bathing suits and mass tourism were good for Spain.
So it proved. “Benidorm was the creator of the biggest industry in Spain,” says Gildo Seisdedos, urban planning professor at IE Business School.
Tourism was good for the rest of humanity as well. Between 1950 and 2007, the number of international tourists grew from 25m to 903m. Benidorm alone receives 4m visitors a year, many of them Spaniards.
“We’ve brought much to middle-class society,” María-José Montiel Vaquer, Benidorm tourism director, told the FT this week in support of a possible Unesco bid. “We’ve brought much happiness to many people.”
The idea of a world heritage listing was first floated last month by a French professor who said Benidorm’s unique collection of skyscrapers made it “the Dubai of Europe”, but Ms Montiel said Benidorm had yet to make
a formal application to Unesco. She also denied any connection between Unesco and the new by-laws.
Quite right too, for the rules – including a €750 ($950, £620) fine for beach sex – could actually undermine Benidorm’s claim to be a worthy cultural icon.
However exaggerated the claims may be about drunkenness and orgies involving badly behaved Brits on the sands of Benidorm, they are as central to the cultural imagery of late 20th century mass tourism as Stonehenge is to ancient Britain or the leaning tower is to Pisa.
By Victor Mallet, FT.com

只要自己的能力和特长得到认可，就可以产生快乐情绪，而这种认可，在商业机构中恰恰很难找到。
“怎样的公司能被称之为‘乐公司’？舒适的工作环境并不意味着就一定能产生快乐。”克里斯蒂娜·西蒙教授在接受本刊独家专访时说。她所在的西班牙IE商学院在今年《金融时报》MBA排名中位列全球第八，组织行为学及公司社会责任领域正是这所学院的强项。
西蒙教授从2003年起担任IE商学院组织行为学与人力资源部门主任。早年在安永等知名会计师事务所的多年工作经历，使她在其后的研究与教学中更注重实用性和全球化视野。“我是一名创造者，专门创造体验。”在她看来，在公司中创造快乐，“事实上，实行起来并不是那么难”。
舒适意味着工作环境中应该包含足以完成工作的最低限度标准条件。包括工具、资源和条件（物质上的和精神上的），而快乐比这更进一步，它意味着员工能在一定程度上实现自我价值。
《数字商业时代》（以下简称DT）：目前无论是企业还是个人都面临更大的压力，都渴望更宽松、快乐的生存环境。如何才能实现在快乐中工作？
克里斯蒂娜·西蒙（以下简称西蒙）：快乐是人类普遍的愿望。一个社会越发展，对快乐的追求就越深入细致。然而，直到最近，对快乐的追求才被引入商业社会。过去，工作普遍地被描述成一种雇主和雇员之间的交易，人们工
作和私人生活之间建立起明确的界线。然而，渐渐兴起的企业社会责任（CSR，Corporate Social Responsibility）以及新一代雇员的变迁，带来了新的问题。
为了解释清楚快乐在工作环境中的重要意义，就有必要提到著名的行为心理学家米哈伊·柴科金特米哈伊（Mihalyi Csikszentmihalyi），他曾经写过一本很经典的书——《心流：最佳心理体验》（Flow：The Psychology of Optimal Experience ）。其中提出的“心流”，是指一种将个人精神力完全投注在某种活动上的感觉；心流产生时同时会有高度的兴奋及充实感。多年来他针对不同类型、不同文化背景、从事不同工作的人进行研究，结果表明，实验对象认
为这种“心流”是快乐的主要来源。虽然上述观点目前听起来过于理论化，但我坚信这将是未来发展的重要趋势。事实上，实行起来并不是那么难。
DT：你认为什么样的公司才能称之为“乐公司”？换言之，一个企业要成为“乐公司”有哪些标准？
西蒙：在探讨工作环境时，我认为必须明确区分“舒适”和“快乐”这两个概念。舒适意味着工作环境中应该包含足以完成工作的最低限度标准条件。包括工具、资源和条件（物质上的和精神上的），以便让员工在工作时尽量不受到干扰。然而，快乐比这更进一步，它意味着员工能在一定程度上实现自我价值。
如何成为一家“乐公司”，答案有两层含义。一是，公司可以为员工提供开展工作的条件，尽量使他们免受干扰和限制，这就达到了“舒适”带来的“满意”；二是，要实现“快乐”则需要尽可能为员工创造能带来“心流”体验的条件。能产生“心流”体验的工作环境包括：对于要进行的工作有明确的目标；员工能得到及时的反馈；工作的需求和个人的能力互相匹配；日常工作的易于沟通的环境……
“乐公司”对于人才管理提出了更高的要求，因为员工的主要贡献来源于他们的天赋和才干，合理的、带着感情的、社会化的等等。由于他们在公司的服务中投入了才干，他们当然也希望看到回报——工资以外的回报。这也是为什么心流”体验对于创造快乐而言如此重要。如果对人才缺乏上述的理解，就只能提供“舒适”而不是“快乐”的环境。“舒适“只是一个静止的概念，和“快乐”相比，它缺乏驱动力。
服务质量并不会随着雇员人数的增加而提高，但却和员工的态度、行为密切相关。从服务员到前台接待员，他们与客户的交流、他们处理突发事件的方式都必须遵循统一的“企业方式”。
DT：中国的许多企业，尤其是制造业面临着洗牌和升级，许多企业开始大力提高产品附加值。在人才战略方面，如何才能促成这样的升级成功？
西蒙：就生产制造能力而言，中国目前的发展步伐比世界其他地区都要快。然而这也为管理的转变带来了难题，因为从业者必须“消化”快速的变革过程，并且适应一种前所未有的步调。从单纯的生产制造转变成服务型的经济，需要
一个过渡期。转型于服务可以让企业提高利润空间，但同时对人力资源提出了更高的要求。旅游业、酒店业都是突出的例子。服务质量并不会随着雇员人数的增加而提高，但却和员工的态度、行为密切相关，从服务员到前台接待员，他们与客户的交流、他们处理突发事件的方式都必须遵循统一的“企业方式”。人才代表着一整套严格的做法和态
度，包括培训、评估和强化等过程。这应当成为企业战略的核心组成部分。
DT：在你研究与分析过的案例中，遇到过哪些成功地留住优秀员工的企业案例？
西蒙：在IT产业中，Google等公司做得不错。他们很清楚地知道自己需要怎样的人才组合，并且为这些人才加入公司和在公司生活创造条件。他们可以说是为员工创造了很好的激励体验。在传统行业也能找到一些例子——虽然不是很多。美国西南航空是带有传奇色彩的经典案例，它的例子表明了雇佣双方如何实现“双赢”。
在零售业，麦当劳在西班牙长期以来被认为是最好的雇主。这家公司的绝大多数员工都签的是永久合同，工资高于市场平均水平，福利优厚，而且员工很为自己是这个大家庭的一份子而自豪。
著名的应用心理学教授韦恩·卡西欧（Wayne Cascio）在他最近的一项研究中，对比了沃尔玛和CostCo两家零售商的人才战略。前者是低成本、低工资和大量雇佣临时工为主要特征的全球第一大零售商，而后者同样是采取低成本策略连锁超市，但对待员工却更加优厚：包括更高的薪酬福利等等。它们的出发点是：决不把员工当作节约成本的对象，而是把他们当作“价值创造者”，为此，它们削减了其他方面的开销，例如，从来不打广告。结果是这家公司的增长率高于沃尔玛等对手。
DT：在资源有限的情况下，企业更倾向于投资在短期能带来收益的项目上，而不是对人的投资。如何通过人才项目上的投资获得高效的回报？
西蒙：“近视眼”并非是资源有限造成的。即便在“好日子”时，企业最愿意进行投资的也是那些回报周期在一年左右的项目。公司里上下一致的任务往往在财年结束时呈上一份功德圆满的财务报表。
而人力资源投资带来的产出大部分是无形的，因而很难转换成数字写进财务报表。所以，怎样定义需要耗费好几年才能带来回报的投资？而且还是看不见摸不着的回报。这是一个大问题。解决之道在于CEO和高管们的决心，他们的目光必须超越短期利益，以更广阔的视野来看待人才投资。当然通过重新设计薪酬和激励机制可以使他们的决心得到贯彻。
DT：在你看来，有哪些做法是和乐公司背道而驰的，即会使企业成为“苦公司”？
西蒙：不幸的是，“苦公司”的例子总是比“乐公司”更容易找到，而且这是个老生常谈的话题。员工的流失率或许可以用作衡量“满意度”。所以，除非企业中出现大幅度的人员流失，高管们是不容易同意对人才进行更多的投资和照顾大部分高管更愿意按照常规来对待人力资源的问题，这就容易造成原本不起眼的不快乐情绪蔓延。我们人类无论在何时何地，只要自己的能力和特长得到认可，就可以产生快乐情绪，而这种认可，在商业机构中恰恰很难找到。
-《数字商业时代》

在本世纪初，美国学者托马斯·弗里德曼曾经写过一本畅销全球的书叫作《世界是平的》，而发生在当下的这场金融危机却让更多管理学专家感受到了全球化进程对于世界现有经济模式的考验。在日前交通大学举办的“2008全球商学院院长论坛”上，不少专家不约而同地提到了一个词：包容。世界需要一个更具有包容性的经济体系、更公平的分配方式、更有效的资源利用方式……用一句话来概况：是的，世界已经开始变“平”，但我们需要一个更“平”的世界。
贪婪带来危机
目前在全球蔓延的金融危机证明了一点：贪婪并不是一个好的想法。显而易见的是，复杂的金融体系没有提供出合适的保证机制，没有保护投资者免除借贷的风险，由于过分关注短期的利润和回报使得风险更为加剧。由于流动性过剩以及关注短期回报，即便是那些风险评估的机构也被引诱鼓励大家做高风险的投资。
菲律宾亚洲管理学院院长Francis G Estrada教授表示，问题是有很多企业过分关注短期的利润回报，他们没有把长期利益和股东利益结合起来，也就是很多企业行为都是短期行为。1997年发生的亚洲金融危机，主要是由于泰国一个经济体的收支不平衡导致了金融危机的扩大，以至于波及整个亚洲地区。而这次由美国次贷危机引发的金融风暴席卷全球金融机构，已经影响到了国际金融机构的信心。
西班牙IE商学院院长 Santiago Iniguez教授也认为，从管理角度看，管理工具的使用确实创造了世界经济的繁荣，也为企业的发展带来了基本模式，但危机的发生也告诉我们，目前的管理机制出现了问题，过度创新的产品和过度追求利润将走到硬币的另外一面。他表示，许多国家在这方面应该有很多教训可以吸取，了解全球化的本质是更好地融入全球经济的前提。
改变才有机遇
在论坛上，许多专家指出，目前的状况可以用“危机”来形容，其中既有危险又有机遇。全球化和区域共荣带来很多益处，但同时也存在着相当多的挑战，日益明显的相互依存使得金融危机呈现出一种“多米诺骨牌”式的效应。
“ 现在没有一个区域能够独立存在游离于其他经济体之外，依靠赚邻国的钱致富已经行不通了，我们必须共同致富。”Francis G Estrada教授如此说到。反思金融海啸，他认为要原本的经济结构已经呈现出不合理性，因此必须理解相互依存的这种经济状况的本质以及单极世界的消亡，进一步促进区域经济融合。“我们需要一种崭新的，更具有包容性经济发展模式”，他说，“还要通过各种手段消除国家内部区域之间和国际间鸿沟。”
美国宾夕法尼亚大学沃顿商学院副院长Jeffrey A.Sheehan教授也提出了类似的观点。他还特别提到了环境问题，“在解决全球环境问题、气候问题的过程中，我们能够找到很好的能够盈利的商业模式，使全球经济更发达。”据介绍，沃顿商学院已经建立了一个社会影响力研究所，关注全球气候变化的影响，“ 目前已经成立了一个环境领导力项目，专门解决各种环境问题”。
中国要抓时机
最近，亚洲开发银行发表了一篇名为《合作求共荣》的文章，其中提到现在亚洲国家内部的交易额已经相当于欧洲和美洲内部的交易额。亚洲的人口达到37亿，综合GDP达到10万亿美元，世界外汇储备的三分之二在亚洲，而且亚洲是成长最快的区域。
亚洲开发银行的总干事认为，今后40年全球经济总量的一半出自于亚洲，现在只有20%。他还预计说七国集团的经济总量将从2007年的55%下降到30%，三大经济体——中国、日本和印度将会是最令人瞩目的。
Santiago Iniguez 教授表示，中国现在是世界第三大经济体，也是过去20年中发展最快的一个国家。从商学院的情况来说，虽然近年来中国商学院增长速度很快，每年毕业的MBA 学生超过了23000个，但与这个数字相对于欧美来说依旧不大。再加上与欧美地区相比，中国经济保持着10%左右的增长速度，因此还具有很大的潜力。“抓住时机，加强国际合作”，他对中国的发展充满了信心。