President Barack Obama will travel to Trinidad and Tobago for the Fifth Summit of the Americas on April 17-19, 2009. While some critics say the United States has neglected its ties to Latin America and the Caribbean, the facts reveal a dynamic relationship that is growing by leaps and bounds. Today more than ever, the [...]
Indonesia is the world’s 4th largest nation in terms of population and the largest economy in Southeast Asia. As a significant emerging market, it offers many opportunities for outsourcing, product sales and investment. Indonesia’s import trade policy is quite liberal. As a WTO member, the government makes efforts to lower Customs duties, as well as [...]
Indonesian society is hugely diverse. Indonesians are a mix of Chinese, European, Indian, and Malay. Due to the diversity, there exists a strong pull towards the group, whether family, village or island. People will define themselves according to their ethnic group, family and place of birth. Titles are important in Indonesia as they signify status. [...]
Higher imports (and usually, therefore, higher trade deficits) have usually been indicators of falling unemployment, while lower imports and trade deficits [as in 1982, 1991, and 2001] go hand-in-hand with rising unemployment. [Source: Progressive Policy Institute] Rising Unemployment Trade Deficits of Recent Years May 2006: $71.9 billion (peak) … October 2008: $58.0 billion November 2008: [...]
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