Challenges for the macro-scale of the global economy

After reading Institutional macro-structures of the global economy p.54 I believe the challenges that global companies face is the ever evolving treaties and regulations that are made between Countries, These treaties are somewhat liquid in where commerce can flow from one nation to another while being blocked from entering a third nation.

The global economy on a macro scale as measured with the GDP of a country could be indicators of challenges one could face, other indicators are Unemployment, income, and inflation as it relates to the country, and on the macro scale as compared to the globe. While globalization has allowed us to transfer goods/services around the world the challenges have increased due to all the pacts and treaties signed between Countries and organizations.


Rent-Your-Car-Out Service iCarsClub Gets $482,000


iCarsClub, a service that allows people to rent out their cars by the hour just got a seed round of almost half a million, a little under three months since its launch.

The Singapore-based startup provides a service similar to Zipcar, except car owners rent out their own vehicles and iCarsClub doesn’t own or provide the cars. The company will install a piece of hardware in members’ vehicles, which will allow the renter to unlock the doors with a phone app. The cars are connected to a central server which sends the locking command.

iCarsClub was just launched in December, and the team is using its home state of Singapore to test the concept. The team of five have plans to quickly expand to China within the year, and are eyeing Beijing and Shanghai. It has set a target to attract 5,000 members and 1,000 cars in Singapore, and another 1,000 cars in China by end-year.

The startup was funded by Red Dot Ventures, a VC in Singapore affiliated with the government’s National Research Foundation (NRF) effort. The NRF backs investments pledged by its appointed VCs in the country, to a ratio of 85 percent for 15 percent raised by the VCs.

iCarsClub’s CEO is Eddy Zhang, and the team includes Joya Zhao Hong, Chengkun Xue and Jack Wei Liuwei.


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Chat: Globalization and the field of technology

I found an article earlier this week titled Globalization, collaboration driving the future of energy tech. by Molly Ryan The article had some interesting points in particular a quote from David Eyton head of research and technology at BP Plc companies strive to create safe, efficient technologies that can eventually lead to more and better energy sources- the field is not so secretive and contained anymore. That statement encourages me, I personally work in the petrochem industry and our company recently acquired a BP refinery, the statement i believe shows how technology and communication has improved safety in our industry and while safety improves methods of extracting black gold improves. Global companies now interact more as a result of emerging technologies and this has increased the collaboration between industries and companies.

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