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Norbert Knoll von Dornhoff Articles

Guest post by: Norbert Knoll von Dornhoff

HEALTH CARE: CHALLANGES FOR SMEs - Click To Read Article
THE CONTRIBUTION OF SMEs TO AN EFFICIENT ALLOCATION OF HEALTH CARE EXPENDITURES. The future of health care, particularly in less privileged regions of the world, is presently one of the most challenging issues for national and international public politics. The global economic crisis of 2008 has strongly fuelled the debate about control of heath care expenditure and it’s financing.

WUSME International Conference 2011: SMEs Regional Development in a Globalized World - Click To Read Article
Delegates of entrepreneur organizations, among them Ministers, Ambassadors, Chambers of Commerce and private Companies from 23 Countries discussed three days at the WUSME International Conference (24 – 26 November 2011 in Budapest) a “New Architecture for recovering from a financial crises and for enhancing economic development, particularly in less privileged economies.”

SME - EQUITY FINANCING INSTEAD OF BANK LOANS - Click To Read Article
The perennial issue of small firm financing is once again to the fore as small and medium sized firms (SMEs) are experiencing a challenging financing environment in the aftermath of the global economic and financial crisis. A combination of factors has contributed to a credit crunch for small firms. Businesses struggling with negative effects of the recession are experiencing liquidity problems because of increased bad debts and slower payments by debtors.

The next financial crisis keeps looming - Click To Read Article
Leading economists, financial analysts and even bankers widely agree: Today the conditions for the next financial crisis are already in place. We’ll crash again in the next years ahead unless global leaders answer some fundamental economic questions. Remaining now „post crisis” we might face an even more ferocious debt and financial crunch with fatal impacts on SMEs. Greece, Ireland, Portugal and perhaps Spain are trapped and there is not too much hope for a sustainable resolution during this decade.

The African Market: Challenges for SMEs and Responses - Click To Read Article
In the presentation of WUSME World Union of SMEs on 20th May 2011 at the VI.African Summit, chaired by the former President of the Federal Republic of Nigeria H.E. Obasanjo, the market trends and opportunities for Micro- Small and Medium Enterpriseswere summarized as follows: Focusing on the economic development in the „Danger Zones” of the African Continent, the Sub Saharan Countries remain a challenge and urgently need to be addressed. These are the African Savanna and Sahel: Niger, Sierra Leone, Mali, Burkina Faso, Guinea-Bissau, Central African Republic, Chad, northern Uganda, Ethiopia and Somalia.

Poverty reduction by trade and production capacity building in less privileged economies - Click To Read Article
SMEs play a decisive role at all Millennium Development Goals targets, but especially as regards Goal 1 (end poverty and hunger). WUSME's approach: Trade and production capacity building in less developed economies, Goal 7 (environmental sustainability) and Goal 8 (global partnership), all of them targets perfectly correlating with WUSME's Declaration of Purpose approved by the Founding Conference on 23rd April 2010 in San Marino.

A NEW FINANCIAL ARCHITECTURE FOR CRISES PREVENTION AND DEVELOPMENT OF THE INFRASTRUCTURE AND SMALL AND MEDIUM ENTERPRISES AND CRAFTS (SMEs) in the République of Gabon - Union-Work-Justic - Click To Read Article
The WUSME Delegation during its mission to Gabon 31 Jan - 5 Feb 2011 learned that presently no affordable programs for Micro-financing are available in the Republic of Gabon. BGFI Bank informed us that loans are been offered to SMEs at 18% annual interest plus cost of insurance against bankable guarantees. These conditions are unaffordable to SMEs and Crafts. There might be forthcoming special programs sponsored by UN Organisations, Worldbank or other Sponsors, but such single programs would only be available during a short period of time and are hence not sustainable. („Drop - on a hot stone - actions"). The Parliament of the Republic of Gabon shall decide tax law for imposing a tax of proposed 0,05% on all currency transactions of Banks, Fx-Brokers and Money Transfer Companies, e.g. WESTERN UNION.

SME - MILLENNIUM REGION IN THE GABONESE REPUBLIC - Click To Read Article
WUSME recommends to add supplementary series to the UN Millennium Villages Project by Regions of Economic-, Social-, and Enviromental Excellence. The UN Millennium Villages in African Countries under the auspices of the United Nations and the Earth Institute are a positive example for efficient actions to reach the Millennium Development Goals - MDGs. WUSME WORÉD UNION OF SMALL AND MEDIUM ENTERPRISES’s proposal aims at amending the Millennium Village Project by Regions of Economic Excellence based on a favorable environment for the development of Micro- Small and Medium Enterprises. The basic features of such Regions will briefly be outlined in this article.

WUSME: Towards a new strategy for crises prevention and to create more SMEs and jobs - Click To Read Article
Many of the achievements in recent years made to facilitate business of SMEs in the world, to reduce poverty in less privileged economies have seriously been jeopardised by shrinking demand for SMEs export products, increasing prices for energy and food, falling commodity prices, significant reductions in foreign investment and a general liquidity shortage. The strong interdependence among the worlds’ economies made this a literally global economic crisis and human tragedy.

Small- and Medium Enterprises: Better access to information management and knowledge networks - Click To Read Article
New factors of production and sources of competitive advantages such as various innovations drive the information and knowledge economy in the third millennium. Concerned are practically all industries and all enterprises independent of their size. For instance, a laptop, a car or a cell phone are not produced by one single person or company, cooperative networks are fast becoming the basic units or innovation and production, among them a huge number of Small- and Medium Enterprises (SMEs). They are embedded within information networks communicating with supply chains, technology transfer organizations, share holders, managers, investors, which all contribute to corporate information and knowledge.

The economic implications of global remittances for SMEs - Click To Read Article
Immigrant entrepreneurs (most of them Micro-enterprises and SMEs are also ‘social actors’, who participate actively in transnational activities. For example, in the Dominican Republic, there are hundreds of small- to medium sized transnational enterprises (SMEs),including small factories, commercial/retail establishments and financial agencies. Such ventures are created and run by former migrants, who have returned to the Dominican Republic after acquiring capital and establishing ties with migrant communities in the United States, thus acquiring clients and investors abroad.

IMPACT OF THE FINANCIAL CRISIS ON CREDIT AVAILABILITY FOR SMEs WORLD WIDE - Click To Read Article
With a view at the global economic slowdown, it became apparent that economies in all regions of the world have significantly begun to lose momentum. In October and November 2008 extensive surveys have been undertaken as well in industrialised and in less developed Countries on the impact of the financial crisis on credit policy by lending banks and the wider impact on the near future of SME business, exports, investments and development. As a general result of such surveys approximately one third of the SME entrepreneurs briefed, stated that they are currently experiencing a tightening of credit policy by their banks (extreme restrictions have been decided e.g. in Iceland and in Central-and East- European Countries.

Millennium Development Goals need sound SMEs = More Jobs = Less Poverty - Click To Read Article
Due to the global economic crisis more than 60 million more people, among them millions of small- and micro entrepreneurs, primarily in the less developed countries will be in poverty in this year 2010.Many of the achievements in recent years made to facilitate business of SMEs in the world, to reduce poverty in less privileged economies have seriously been jeopardised by shrinking demand for SMEs export products, increasing prices for energy and food, falling commodity prices, significant reductions in foreign investment and a general liquidity shortage. The strong interdependence among the worlds' economies made this a literally global economic crisis and human tragedy.

From Entrepreneurship to Entreprenology: New findings of entrepreneurial research - Click To Read Article
In a difficult global economic environment, it is more important than ever to put into place strong fundamentals reinforcing economic growth and development and it is more important than ever to establish a global World Union of SME supporting Organisations and Institutions as the basis for an effective and sustainable SME oriented policy focusing at practicable actions instead of well-intentioned declarations that could never really help SMEs to overcome difficult times and particular situations.

WUSME World Union of Small and Medium Enterprises: The new home of SMEs supporting institutions - Click To Read Article
One of the top-priorities of the WORLD UNION OF SMEs (hereinafter called the “UNION”) will be to provide widespread information and to foster awareness among the various national institutions of the Countries belonging to the UNION as regards the true needs of micro-, small and medium enterprises which represent the basis of the economic fabric of all societies. The UNION shall develop strategies to support the growth of this vital global economic sector and identify annual activities to facilitate relations with national associations and to create opportunities for integration between the representatives of different Countries and geographic areas.

A new financial architecture for expanding sustainable energy and agribusiness - Click To Read Article
Many of the impacts unavoidably to come over us in the next decades until stabilized, will fall most heavily on the poorest and most vulnerable communities in developing Countries with the least ability to adapt. Technical and financial assistance will be needed by particularly vulnerable, low-income developing countries to meet their mounting adaption needsKyoto protocol, the declarations as contained in the Millennium Promise (Millennium Development Goals) of the United Nations, the G 8, G 20 and so on have admittedly increased the awareness of politicians that our planet is in danger by Climate Change, Global Economic Crises and political instability. However the practical results were up to date more than poor. We are today from the Millennium Promises more miles away than five or six years ago, and the economic crisis of 2008 is

The Currency Transaction Levy: An innovative source of SMEs financing - Click To Read Article
James Tobin (Nobel Memorial Prize in Economic Sciences in 1981) was widely known for his suggestion of a tax on foreign exchange transactions, now known as the "Tobin tax". This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive. He suggested that the proceeds of the tax could be used to fund projects for the benefit of Third World countries, or to support the United Nations. James Tobin and other economists, e.g. David Felix, Rodney Schmidt, Paul Bernd Spahn have examined the possibility of levying a charge on international monetary transactions as a means to reduce exchange rate volatility and promote international economic stabilit

GLOBAL TRENDS OF ECONOMIC EFFECTS OF MIGRATION-Impacts on Small and Medium Enterprises (SMEs) - Click To Read Article
Human movement before the establishment of political boundaries or within one state, is termed migration. There are many reasons why people might choose to emigrate. Emigration is the act of leaving one's native country or region to settle in another. It is the same as immigration but from the perspective of the country of origin. According to the International Organization for Migration there are more than 200 million migrants around the world today. Europe hosted the largest number of immigrants, with 70.6 million people in 2005, the latest year for which figures are available. North America, with over 45.1 million immigrants, is second, followed by Asia, which hosts nearly 25.3 million.





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