Philippines: Fastest Growing Emerging Market in the World
By 2033, the Philippines will have a trillion-dollar economy. This places the Southeast Asian archipelago amongst the fastest growing emerging markets in the world. In 2022, the Philippines’ economy grew by 7.6%, the fastest rate since 1976. Philippine GDP measured in US Dollar nominal terms is expected to reach USD one trillion by 2033 with […]
Macau’s Economic Future: 59% Growth in 2023
Macau’s economic future is looking brighter than ever, with 59% growth expected in the coming years. With the right investments and policies, Macau can enjoy a steady stream of income and a secure financial future. The growth of Macau, a special administrative region of China, will be the second-fastest in the world over forecast horizons. […]
Guyana: Fastest Growing Economy in the World
By end-2023, one of Latin America’s smallest countries could have a 100% increase in its Gross Domestic Product. Guyana, a small South American country with fewer than 800,000 people, is expected to have the world’s fastest economic growth. The World Bank and the International Monetary Fund (IMF) estimate that the English-speaking nation bordering Brazil, Venezuela, […]
Know Your Alliance: India and Russia
The fall of the Soviet Union, the rise of India and China, the tensions between the United States and China, the deepening of U.S.-India ties, and the Russian-Chinese partnership intensified by Russian’s break with the West and the war against Ukraine have profoundly impacted Russian-Indian relations. Why does New Delhi continue to cooperate with Moscow […]
Cambodia has 15th Highest IQ in the World
In most cases, IQ scores reflect the quality of education and resources available in a given region. Countries with lower IQ scores tend to be poorer and less developed, particularly in the area of education, than countries with higher IQ scores. Researchers also use IQ to determine the smartest countries in the world. What Is […]
Best Practices in Setting Up Policies When Outsourcing
There is a perception that outsourcing means “out of sight, out of mind”. A quick search on recent outsourcing disasters demonstrates how wrong this is. The truth is: a poorly managed outsourcing project can be disastrous. When you hire a third party to perform outsourced business tasks on your account, you expose your business to […]
How to Grow a Small Business with Outsourcing
The main goal of most, if not all, businesses is growth. The question is: Should businesses outsource their operations or perform them in-house in order to grow? The Balance defines outsourcing as “the strategic use of external resources to perform activities traditionally carried out by internal staff.” Opinions on outsourcing differ. Is outsourcing a good […]
Digitalization For Small Businesses To Drive Recovery. Where Can Outsourcing Come In?
Small businesses are the backbone of the global economy, accounting for 90% of businesses, 60% to 70% of employment and 50% of GDP. It is only possible to achieve a strong and sustained global economic recovery if these businesses are able to adapt effectively to post-COVID consumer behavior. Digitalization is the great equalizer in this […]
Where Are Businesses In Their Digital Transformation?
Those companies that were pacesetters in the early days of digitalization quickly realized that accelerating digital transformation gave them a competitive advantage. Digital tools are easy to integrate and easy to use. Additionally, they’re affordable and efficient. However, many small businesses are lagging behind in adopting digital tools despite their advantages. A company that is […]
What is the Impact of AI in Outsourcing?
A tidal wave of changes has been brought about in the software world by artificial intelligence (AI). Several manual tasks have been eliminated due to the automation of many uses. The software services and BPO sectors have been influenced by AI over time. With AI and how it is changing the outsourcing sector, we can […]