Home | TrendTracker | PowerBlog Reviews | The Experts | Newsletter
SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market.
Anita Campbell, Editor
Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more)
email me
free business magazines
Trade publications FREE to qualified professionals. No hidden offers and no purchase necessary.
On Wall Street
The Deal
Computing Canada
Employee Benefit
Oracle Magazine
100+ additional titles. Click to browse.
Previous Small Business Trends articles can be found at the links below:
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
Or, use the search box below to find a
specific post:

Sign up for our FREE Small Business Trends newsletter. (View Current)

We publish regularly and promise we won't share your email address with anyone. (Privacy Policy)
* Don’t have time to read several dozen blogs a day? Pick two or three. Your brain will thank you for it.

Small Business Trends Radio
Tuesdays, 1:00 PM Eastern U.S. time
on Voice America network
Click to listen

November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details.
Tuesday, August 17, 2004
Oil Hikes Hit Asia Hard
With oil selling for above US$45 a barrel, experts are expressing concern for the impact on Asian economies.

Ifzal Ali, chief economist of the Manila-based Asian Development Bank predicts the price will stay above US$40 for the remainder of 2004. In an article in the Singapore Business Times, Ali is quoted as saying that high oil prices are now a "serious threat not only to Asia but globally as well."

Oil at US$50 a barrel could reduce China's GDP by 1.1 % and India's by 1.2% he says. Hurt even more would be the countries of Southeast Asia with their heavy dependence on oil imports. The Philippines GDP would drop by 2.6 percent and Thailand's by 3.1 percent.

As the world's economies become more interlocking, a sneeze in Asia can lead to a cold in Europe or the Americas. Smaller enterprises in the west will be affected by what happens in Asia. Companies in the US are outsourcing more and more work to India and other Asian nations. A slowing of economic growth in those markets will have an impact on outsourcing and the price of the goods those developing economies export to western nations. Then there is the question of business investment in Asia. In today's world, to paraphrase John Donne, no nation is an island. Nor is any business, no matter how small.
More news... more trends... more insight...

Home | Privacy | Terms | SmallBizTrends
(c) Copyright 2003 - 2005, Small Business Trends LLC. All rights reserved.