March 19, 2011

Chinese capture 7 of the Top 15 Positions in rankings of Wind Turbine Manufacturers

Chinese companies have risen from virtually nothing 5 years ago to become Top 5 Global Wind Energy Players.The Chinese companies have seen massive growth on the back of a strongly growing domestic market.China which now accounts of 50% of the world Wind Turbine market in 2010 is expected to see continued strong growth with the Chinese government setting a target of more than 100 GW by 2015.The growth of the Chinese Turbine Producers has been mainly due to the domestic content requirement set by the Chinese government earlier.The government owned utilities also favor the domestic companies leading to their astounding growth.
February 28, 2011

Can South Korea use "Green Ships" to Topple China from No.1 Shipbuilder Position

South Korea is one of the biggest shipbuilders with major companies like Daewoo,Hyundai Heavy and Samsung.However its being beaten down by the low cost Chinese companies which are using cheaper capital and lower labor costs to press their advantage.South Korean Shipbuilders have been trying to diversify into offshore wind energy in order to safeguard their revenues.However they face tough competition in this renewable energy sector as well from incumbent wind turbine compaeis as well as Chinese WTG companies like Sinovel,Goldwind and others.Now the South Korean government is helping them with a 300 billion won research fund.This fund will be used to do R&D into building of "Green Ships" which are becoming the new growth segment.
October 18, 2010

List of Wind Energy Companies in India – Pretenders or World Beaters

Wind Energy in India is the biggest Green Industry currently with around 1 GW of Wind Power Capacity being installed in a year on average.The Growth in Wind Industry has been driven by states like Tamil Nadu who have heavily subsidized and promted Wind Energy.India at around 10 GW of Wind Capacity is the world's 5th largest Wind Energy Producer.However India remains far behind China in terms of Wind Energy Growth .Last Year China installed nearly 13 GW of Wind Energy which is more than India's total installed capacity of Wind Energy.With a target of around 230 GW by 2020,China is on track to install 20 GW of WInd Capacity a Year in the next 10 years which would make India a Pygmy.Also two of the largest Wind Turbine Producers Sinovel and Goldwind are from China.India despite producing a world class company Suzlon in the early states of Wind Industry Development is struggling.Suzlon has fallen on very hard times running big losses while other Wind Companies are of hardly any decent size.
August 10, 2010

India's IT Sector protests discriminatory US Protectionism;May Sour Close Relations between World's Largest Democracies

The new law will impose a $2000 annual via fee for companies with more than 50% of its employees in the US who are working on visas.The law is specifically targeted at Indian IT companies from the letter and spirit of the law.It remains to be seen how this affects the growing closeness in India-USA relations.Though India has shown maturity by not coming out with a sharp retaliatory action,it will sour relations.
July 29, 2010

Bangladesh doubles textile worker's Minimum Wage but Pay still below Poverty Line level

Bangladesh recently witnessed violent protests by textile workers who are being forced to work for wages below $1/day even as inflation rages at more than 10% […]
July 17, 2010

India's Rural Employment Guarantee scheme leads to greater Bargaining Power for Rural Laborers

India’s Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGA as it is popularly known is leading to labor shortages around the country.The NREGA scheme which […]
July 17, 2010

What US and Bangladesh have in common – Unemployment and Low Wages

The Global Financial Crisis is truly global in its character of inflicting misery and impoverishment amongst workers.Bangladesh and US which are two highly disparate countries in […]
July 14, 2010

Nokia under Siege – Workers at Indian factory strike over low wages

Nokia is a company under siege from multiple forces.On the global stage,it is fasting losing brand value,marketshare and profits under competition from Technology Giants Google and […]
July 5, 2010

Effects of Globalization of Agriculture- Food Price Rise,Hunger Riots and Spread of Ethnic Vegetables

Effects of Globalization of Agriculture Globalization of Trade,Capital Flows and Labor has led to many desired and undesired effects.While the globalization of Services and Industry has […]
July 2, 2010

General Electric CEO joins Google in criticizing China's discrimination against Foreign companies

The problems of Multinational Corporations (MNCs) operating in China seems to be growing by the day.Once the darling of MNCs around the world due to its […]
June 22, 2010

Bangladesh faces major Labor Unrest from less than $1 a day wage textile workers

Bangladesh is one of the world’s poorest countries with a high population density.Carved out of erstwhile Pakistan,this predominantly Muslim country faces huge poverty like other countries […]
June 17, 2010

MNCs in China face higher wage costs and labor unrest;Foxconn,Honda,Toyota all increase worker salaries

Labor shortage and improved opportunities for workers driving up wages China’s massive manufacturing base near the Eastern coast has been driven by cheap migrant labor from […]
May 16, 2010

Global Labor Cost Arbitrage – Spanish workers Lose Jobs to poorer EU neighbours

One of my theories is that a lot of distortions and opportunities for arbitrage that we are seeing in the world today is because “Labor is […]