Gilbert Chen
global headquarters and regional headquarters of them have a better command of the development trend of the industry and the conditions of their branches and the area in which the branch is located, thus better integrating their resources. Also, the associations of WEO will help identify and close technology gaps at different levels – within single enterprise, among upstream and downstream industries and among different industries, which will further accelerate the rational allocation of resources. II. Give Guidance and Support: To Help Enterprises Achieve Internationalization Shelley said: “if winter comes, can spring be far behind?” Spring is exactly not that far behind, but what if finding a spring elsewhere in face of a chilly water here? Definitely, What I want to put emphasis on here is the importance of internationalization. Just like the old saying goes, never put all eggs in the same basket, it is the same principle in business as dispersing risks. In this sense, companies and enterprises should be determined to explore and utilize the opportunities globally, and that is the very solution in dealing with the global uncertainty. As is explicitly shown by a map in 2009 World Development Report, the thicker the economic boundaries of countries, the lower degree of development and internationalization of its enterprises. On the contrary, the internationalization of the business will be conducive to dissolve economic boundaries.
Fig. Market access distinguishes world regions2
The WEO will give guidance to the enterprises in the investment, procurement and production – the whole process of internationalization and provide the most professional information, which is the most valuable to the enterprises. In the past two centuries, trade and migration is the most effective catalyst for the progress and maintaining of prosperity of developed countries3. Today, be it capital, people or even idea, the 2 3
World Development Report 2009. “Reshaping Economic Geography” L.S. Stavrianos (1998). A Global History: From Prehistory to the 21st Century. New Jersey: Prentice Hall.
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Global Initiatives Symposium in Taiwan 2009