Author: Said El Mansour Cherkaoui, Ph.D.

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Expensive Apple for Google Add

Google paid Apple $20B for search

By Emma W. Thorne, Editor at LinkedIn News

Updated 3 hours ago

Google parent Alphabet paid Apple $20 billion in 2022 for Google to be the default search engine in the Safari web browser. That’s according to newly unsealed court documents in the Justice Department’s antitrust case against Google, which heads into closing arguments Thursday and Friday. The feds argue that Google has illegally dominated the online search market and its related advertising. The case has revealed exactly how much Apple relies on those payments from Google, which made up more than 17% of the iPhone maker’s 2020 operating income. A decision is expected later this year.

Meanwhile, Google is advocating for a change in immigration policy so the U.S. can attract more AI talent, The Verge reports.
The tech giant has just laid off 200 workers in its “Core” division, moving some jobs to India and Mexico.
Meanwhile, slower iPhone sales are expected to be a drag on Apple, as it gets set to report second quarter earnings Thursday.

Storyline feed updates

Marcus KingMarcus King• 3rd+• 3rd+Growing freelance and short-term opportunities.Growing freelance and short-term opportunities.

14h • 14h •Follow

Apple collects $20b annually from Google for search referrals. I don’t typically do math in public, but these newly released figures juxtaposed against existing datasets reveal astonishing insights:

– Google & Apple’s accord delivered Apple $20b in 2022, a 36% slice of the $55b Google earned from iPhone users.
– A 36% slice of anything is lofty – especially when you’re not providing a service in return. Compare that to AppStore (30%); Uber Eats (6-30%); AirBnB (<14%).
– AsiaPac, representing about 18% of Google’s business, therefore contributes up to $4b to Apple’s endowment.

These agreements kill innovation and make digital marketing more expensive and less accessible for small businesses.

Google’s Payments to Apple Reached $20 Billion in 2022, Antitrust Court Documents Show

bloomberg.com • 1 min read

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Thomas BushnellView Thomas Bushnell’s profile (He/Him) • 3rd+Staff Software Engineer

Walk me through the reasoning here. How exactly do “these agreements” kill innovation or make digital marketing more expensive?

If I recall the testimony correctly as reported in the press, Apple testified that it believed Google had a superior product. If it signed an agreement with a company that gave it more revenue, but had a weaker product, then we could certainly see it harming innovation. But Apple testified to the opposite.

Similarly, advertisers are bidding against other advertisers for placement. Of course, those ads are cheaper on less popular search engines. But they’re also less valuable. We can’t take the relatively cheaper ads on Bing and assume that if Apple partnered with Bing the same ad rates would continue: instead, advertisers would bid up the value of Bing ads proportionately to the perceived value of the increased visibility on iOS.

Now, we might argue that iOS would be better for its users if they had an easy and open choice of search engine, rather than a default with an annoying switching procedure. But that’s an argument that Apple is producing an inferior product; perhaps this means that Apple customers are being harmed. But I’m not clear how that harms advertisers.

Funny1Reply

Keith SpiveyView Keith Spivey’s profile • 3rd+Customer First Innovator – Change Agent – Digital Sherpa – Founder – Angel Investor

3h(edited)

This is like the stock market, GDP, or Employment Numbers.
When you peel back the cover page and understand how the results are calculated, it’s pretty bleak and GCP / Apple both don’t look nearly as healthy. Like 36% of 2022 GDP comprised of Gov Spending, or Unemployment excluding people who have “quit looking”…

hashtag#dothemath hashtag#detailsmatter

Why aren’t there “clawbacks” on CEO pay when people have to be fired to resolve their poor decisions?

Like9Reply

John BrockView John Brock’s profile (He/Him) • 3rd+Servant Leadership Driven Full Cycle Customer Success Management | Project Management | Strategic Account Management

We all need to stop anthropomorphizing Google. It’s just another organization with a cute and colorful name, out to make as much money and gain as much power as it possibly can to enrich the lives of leadership and investors and will do whatever it takes to reach that goal. Google is not the internet. Google is not the future of technology. Google absolutely does not own the moral high ground. Google is a faceless, legal entity, living only on paper, with an asymmetrical morality that reacts to internal and external threats, as organizations, particularly public ones are called to do, if they adhere to the type of pseudo religious capitalism that is dominantly practiced today. Further, it is very clear that working for Google and similar companies does not indicate intrinsic enlightenment or the achievement of a certain level of intellectually moral sophistication. Sorry folks, but it’s true. Finally, Google will never change, because it can never change, not in the way the term is meant in this context. Google will continue to “pivot” it’s moral code to meet the needs of it’s leadership and investors financial goals because that is what a pseudo religious capitalistic organization is designed to do.

Like1Reply

1 Reply1 Comment on John Brock’s comment

Brittany LeeView Brittany Lee’s profile (She/Her) • 3rd+Capital Partners

39m

John Brock Yes

Like1Reply

Vaughn HubbardView Vaughn Hubbard’s profile (He/Him) • 3rd+Bachelor of Arts – BA in Political Science at The University of New Mexico

Can’t afford to pay your employees to survive, but we can afford to drop $20 BILLION on influencing our search results.

Like10Reply

Damian RodriguezView Damian Rodriguez’s profile • 3rd+Programming Manager at TelevisaUnivision

17m

Smart move for Apple to get users to use safari! If Apple were to use Bing, I’m sure consumers would delete safari altogether and download Chrome.

Like1Reply

Bill DavisView Bill Davis’ profile • 2ndEnhancing beach, ocean, lake, river and stream conservation through more enlightened capitalism.

Big tech is an oiligopoly, https://www.investopedia.com/terms/o/oligopoly.asp

“An oligopoly is a type of market structure in which a small number of firms control the market. Where oligopolies exists, producers can indirectly or directly restrict output or prices to achieve higher returns. A key characteristic of an oligopoly is that no one firm can keep the others from having significant influence over the market. An oligopoly differs from a monopoly, in which one firm dominates a market.”

Oligopoly: Meaning and Characteristics in a Market

investopedia.com

Like6Reply

1 Reply1 Comment on Bill Davis’ comment

Cory R. Cox, MBAView Cory R. Cox, MBA’s profile • 2ndChief Officer: Commercial (CCO), Growth (CGO), Product (CPO), Revenue (CRO), Strategy (CSO) | Executive Vice President (EVP) & General Manager who leads Growth Transformations at 13.25% CMGR & Revenue from $0 to $350M

51m

Bill Davis Yup. And that which we don’t regulate, will always seek in a capitalist system to profit as much as possible. And restraint of trade is but one enabler. I loved my antitrust coursework at Texas McCombs School of Business. Hard stuff to study, but wildly cool to understand and process. I found an exam once on monopsony to be among the hardest I have ever taken. Along with some on the Uniform Commercial Code in Commercial Transactions Law. hashtag#law hashtag#study hashtag#school hashtag#university hashtag#class hashtag#businesslaw

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Ann KingView Ann King’s profile (She/Her) • 3rd+Organizational Change Manager

59m

Small business, and especially micro business is the big looser in this for sure.

LikeReply

Aino KoskelaView Aino Koskela’s profile • 3rd+Interior Design Independent Contractor

I think Google is unduly influencing the market by paying huge sums of money to ensure its dominance in the market, thus limiting the space for other competitors to grow. It highlights the competitive and cooperative relationship between the giants in the technology industry and raises questions about the fairness of competition in the market.

Like3Reply

Katie WalshView Katie Walsh’s profile (She/Her) • 3rd+UX Designer | UX Researcher | Product Development Manager

29m

Everyone was using google search either way! very smart move for Apple!

LikeReply

Valeriana Colón, Ph.D.View Valeriana Colón, Ph.D.’s profile • 2ndFuture-proofing orgs with IT process innovation | Learning Scientist

Impressive analysis! This deep dive into Apple and Google’s financial arrangements really highlights the vast impact of such partnerships on the broader tech and marketing ecosystems.

Like6Reply

Donna RiordanView Donna Riordan’s profile • 3rd+Free Legal Advice & Counseling Services For Leon County Promise Zone & Low Income Residents

Then perhaps it’s time to start using other utilities, many of which are highlighted in this blog by Semrush.
https://www.semrush.com/blog/alternative-search-engines/

21 Search Engines Other Than Google (Best Alternatives in 2024)

semrush.com

LikeReply

Sean StitesView Sean Stites’ profile • 3rd+A rising tide raises all ships!

Evidently it is providing a service – access is a service now especially with the reach & loyalty of Apple (particularly amongst iPhone users).

Like1Reply

🇺🇸 Matt StormsView 🇺🇸 Matt Storms’ profile • 2ndSEO International Consultant – E-commerce Growth Marketing & SEO – fmr SEO Manager at TripAdvisor – U.S. Navy Veteran – Expert Witness

Time to short Apple stock, Google is gonna lose this case and Apple is gonna get hit in the bank.

Like1Reply

Sean StitesView Sean Stites’ profile • 3rd+A rising tide raises all ships!

P.S. and I am all for increased competition & small business gaining better access & leveraging it to innovate.

LikeReply

John BaniakView John Baniak’s profile • 3rd+Improvement in Life

Taking over and manipulating the public. Google’s mind control starts.

Like1Reply

Joe BrunnerView Joe Brunner’s profile • 2ndAffirmed Systems CEO, CLOUD ASSURE™

Bing is horrible. like opening a spyware page, copying all the ads and pasting it into Microsof Word. That is how horrible the results look in Bing. Consumers benefited from this – think of the billions of hours saved not clicking on junk links to find something?

LikeReply

Lorraine NobleView Lorraine Noble’s profile (She/Her) • 3rd+Seasoned Customer Service Professional

Incoming question from less than impressed by AI trend. What does it say about US education system that Google need to search for skilled talent from India and Mexico?

Like1Reply

Dave PennyView Dave Penny’s profile • 3rd+VP of Partner Solutions

Sounds like a fair deal

Like1Reply

Ronnie NjangView Ronnie Njang’s profile • 3rd+Building a one-person local business newsletter and sharing my progress along the way.

Sounds like gret business to me.

LikeReply

Norman RaglandView Norman Ragland’s profile • 3rd+Director of Product Management at Observint Technologies

The Beast
😄

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Visit my website 3h • 3h •Follow

Did you know that Alphabet paid Apple a whopping $20 billion in 2022? This revenue share secures Google as the default search engine in Safari. As investors, it’s important to keep a close eye on these tech giants. Microsoft is currently ahead of Apple in AI, integrating AI capabilities into its products, and courting Google to make Bing the default browser.

Meanwhile, Apple’s changes to its App Store policies in Europe, aimed at complying with the EU Digital Markets Act, may negatively impact its services revenue. Additionally, the potential antitrust lawsuit by the Department of Justice, also focused on the App Store, could further pressure Apple’s business and financial results.

With this battle brewing, which search engine would you rather have on your smartphone? Google or Bing? Share your thoughts in the comments below!

#LITrendingTopics #technology #investing #FinancialAdvisor

Google paid Apple $20B for search

The case revealed exactly how much Apple relies on those payments from Google, which made up more than 17% of the iPhone maker’s 2020 operating income.View news story

4
2 comments
1 repost

Jason Ong 王励德 🇸🇬Jason Ong 王励德 🇸🇬• 3rd+• 3rd+Head of Customer Relations – CRM & Data Insights/Partnerships/Digital Transformation/ Strategist/SpeakerHead of Customer Relations – CRM & Data Insights/Partnerships/Digital Transformation/ Strategist/Speaker

10h • 10h •Follow

The global layoff trend is accelerating, with wave after wave. Even core teams or talents are not spared. Why are they not re-deployed to other roles if they are core talents?

Well, it seems like having the right skills and knowledge are no longer enough. The person must also come with a cheaper price tag.

Global companies are now laying off some higher costs employees to recruit similar talents in cheaper markets. Does it mean companies are no longer willing to pay for talents?

Challenging times. If such a trend indeed becomes more prevalent, the impact is huge. Firstly, upskilling must follow with salary downsizing or else the person will still be not competitive as some of the employers are now hiring base on price? Secondly, taking on MBA is no longer favourable as it increase the person’s price tag? Thirdly, as core talents get more experience with age and more expensive with promotion and annual increment, they are moving on a higher layoff risk? The list of questions can be a long one as existing norms are being challenged.

Connect with me and stay tuned. The future of work indeed is steering in all directions with major global business players setting new precedence that smaller businesses may follow. The sentence, “talents don’t come cheap”, must now be changed.

#layoff #talentretention #futureofworktrends #futureofwork

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

cnbc.com • 1 min read

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Albert FongAlbert Fong• 2nd• 2ndProduct Marketing Leader & AdvisorProduct Marketing Leader & Advisor

12h • 12h •Follow

The tech industry’s approach to AI talent doesn’t compute. Citing a talent shortage, Google is urging the U.S. Department of Labor to amend immigration laws to make it easier to hire AI talent. Regardless of whether you support rules to attract talent, the timing is questionable considering the company’s recent layoffs of 12,000 workers.

Well, that’s a big ‘How do you do’. Google’s request taps into a lesser-known immigration process called Schedule A, which expedites work visas for foreign workers in occupations facing certified U.S. labor shortages. At a high-level, Google is pushing for an expansion of the Schedule A list to include fields like AI and cybersecurity. The company argues these are areas where they struggle to find enough qualified U.S. candidates to match their ambitious goals.

They’re scrambling more than eggs. The race for top AI talent is intense, and we’ve seen Microsoft, OpenAI, Meta, Amazon and of course, Google all running around like headless chickens to find AI talent to keep the sky from falling. No doubt, the potential of AI and its impact on humanity is significant. But in the search for AI relevance and dominance, many of the decisions coming from the tech industry these days seem more impulsive rather than strategic.

To be or not to be, bad timing trumps all. From a pure optics standpoint, Google’s request feels ill-timed especially given how the company has continued to downsize its own workforce. Here’s the other issue that plenty of critics will undoubtedly call out: employee upskilling and training. Just about every major AI player in the tech industry (many of which are reporting gangbuster earnings) has used similar talking points stressing the importance of developing employees to take advantage of the AI future. Unfortunately, seeing is believing and thus far, these companies have been better at preaching than doing. At a time when many human workers are concerned about the negative impact of AI on jobs and their well-being, the actions of those in the tech industry have only served to further heighten these anxieties.

There’s no arguing that immigration is a key component to our economic growth. With a worker shortage that will only get worse over the next several decades due to declining birth rates and an aging workforce, pro-immigration policies will only become more critical. But when tech companies are shedding so many tech workers, requesting that the government ease policies because it’s hard to hire AI talent seems disingenuous if not hypocritical https://lnkd.in/g3fB8KPR #google #alphabet #immigration #artificialintelligence #cybersecurity #talent #hiring #workforce #unitedstates

Google urges US to update immigration rules to attract more AI talent

theverge.com • 3 min read

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1 repost

Karan BhatiaKaran Bhatia• 2nd• 2ndGlobal Head of Government Affairs & Public Policy at GoogleGlobal Head of Government Affairs & Public Policy at Google

18h • 18h •Follow

Access to the world’s best talent is going to be a key determinant of success in the AI-driven global economy. America’s cumbersome high-skilled immigration system remains a drag on its AI leadership. That’s why we’re encouraging the Department of Labor to move quickly to modernize its policies to better attract high-skilled workers, especially in fields like AI and cybersecurity. Read more in The Verge ↓

Google urges US to update immigration rules to attract more AI talent

theverge.com • 3 min read

22h • 22h •Follow

🚀💡 Are you ready to dive into the future of tech talent wars? 🌟

Google is pushing for change in U.S. immigration policies to include AI and cybersecurity pros in Schedule A occupations. 🤖🔒

The industry is hungry for AI specialists, with SpaceX even facing a lawsuit for alleged employment discrimination. 💰💼

The battle for top talent is on fire, with offers hitting the $1 million mark and companies like Meta going all-in to snag the best without interviews. 🌐💥

Let’s see where this high-stakes game leads us next!

https://lnkd.in/grF5D4mM

#TechTalent #AI #Cybersecurity #Innovation #FutureOfWork

Google is dealing with an AI talent shortage — and wants the U.S. to change immigration policy to fix it

qz.com • 3 min read

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2 comments

Ryan DuerRyan Duer• 3rd+• 3rd+Software Engineer – Frontend – Full Stack – React – JS – Typescript – CSS3 – Node – REST- Mongodb – Passionate about a11y development, ensuring the web is accessible for all users 🫶♿Software Engineer – Frontend – Full Stack – React – JS – Typescript – CSS3 – Node – REST- Mongodb – Passionate about a11y development, ensuring the web is accessible for all users 🫶♿

23h • 23h •Follow

Forget “AI is taking our jobs”. The biggest issue I’m facing as a Software Engineer looking for work is this. It wasn’t okay when it happened in manufacturing and it’s not okay now.

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

cnbc.com • 1 min read

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2 reposts

Open Emoji Keyboard

Jennifer EliasJennifer Elias• 2nd• 2ndTech Reporter at CNBC.comTech Reporter at CNBC.com

1d • 1d •Follow

Just ahead of its blowout first-quarter earnings report last week, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, we’ve learned.

Google’s Core unit is responsible for building the technical foundation behind the company’s flagship products and protecting users’ online safety, according to Google’s website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers and various engineering roles.

“Announcements of this sort may leave many of you feeling uncertain or frustrated,” Asim Husain, vice president of Google Developer Ecosystem, wrote in an email to his team last week.

Even with digital advertising rebounding in the past couple quarters, Alphabet has continued downsizing, with layoffs across multiple organizations this year.

Prabhakar Raghavan, Google’s senior vice president overseeing search, recently referenced heightened competition, a more challenging regulatory environment and slower organic growth as the company’s “new operating reality.”

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

cnbc.com • 1 min read

Riccardo SchiavoniView Riccardo Schiavoni’s profile • 3rd+MS | Software Engineer

23h

Google went from being the plalce where technology beyond imagination was built, to being a factory of disappointments 😦

Like21Reply

Vaughn HubbardView Vaughn Hubbard’s profile (He/Him) • 3rd+Bachelor of Arts – BA in Political Science at The University of New Mexico

19h

“If you don’t let a billionaire pay you pennies for your work that billionaire will take his beneficence to another nation, so it’s not possible to pay you more! Billionaires first!”
‘Okay, I let the billionaire pay me pennies for doing his work while sat in the office and spun in a chair. What’s my reward?’
“Your job has been relocated to India anyway, enjoy unemployment!”

Like8Reply

Lorne RogersView Lorne Rogers’ profile (He/Him) • 2ndManagement Consultant | Programme Manager | Solutions/Enterprise Architect | Technology Advisory

“Wooohooo! Our 1st quarter financials were GREAT!”

“That’s awesome boss! That means our executive bonuses will be even bigger! What should we do to celebrate?”

“Oh! I know! Let’s strip a few hundred more people and families of their livelihoods!”

“Heyyyyy, that’s a fabulous idea! Then we can re-route the money we were paying them to our bonuses!”

🤑 🤑

Like3Reply

Dave GoodmanView Dave Goodman’s profile • 3rd+Enterprise Product Owner

This is reminicent of Disney laying off its employees and replacing them with foreign workers on H-1B visas. Similar practice in their theme parks with low wage workers. There was, at the time, widespread criticism from workers, labor advocates, and certain politicians, who accused Disney of prioritizing cost-cutting measures over the welfare of American workers and their livelihoods.

Today, there exists a real malaise among the American workforce, a mix of entitlement attitudes, demand for pay in excess of real self worth and poor overall productivity. Highly educated foreign workers, who often endured rigorous conditions and limited opportunities for advancement in their home countries, are willing to accept lower wages in the United States in pursuit of a better quality of life. This phenomenon is by no means novel; it echoes historical patterns of exploitation seen in industries such as technology, reminiscent of the labor practices during the industrial revolution.

Like3Reply

Andy W.View Andy W.’s profile (They/Them) • 3rd+Fractional Human

22h

I’ve lost count of the number of times I’ve heard these arguments before someone outsourced something critical. This story only has one ending and it’s not unicorns and rainbows. Unless you’re sitting on a pile of stock options that is.

Like21Reply

3 Replies3 Replies on Andy W.’s commentLoad previous repliesLoad previous replies on Andy W.’s comment

Kevin InocetoView Kevin Inoceto’s profile • 3rd+Sr. Manufacturing Engineering Technician

21h

Michal Pěček Surprise!

Like2Reply

Rachanaa SharrmaView Rachanaa Sharrma’s profile (She/Her) • 3rd+𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 & 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 | 𝗦𝗮𝗹𝗲𝘀 | 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁◾️Automotive, Real Estate & Renewable Energy sectors◾️Grew sales by 300% through aggressive GTM Strategies

It’s always disheartening to hear about layoffs, especially in such critical technical roles. The restructuring and shifting of roles to different locations reflect the ever-evolving nature of technology companies like Google. The reasons cited by Prabhakar Raghavan for these changes—heightened competition, regulatory challenges, and slower growth—underscore the complex landscape that Google and other tech giants navigate. It’s important for companies to adapt to changing circumstances, but it’s equally important to support affected employees during such transitions.

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Beverly A.View Beverly A.’s profile (She/Her) • 3rd+“🌟 A Futurist who is working to bring solutions and address the needs of people around the world. Advocate for creating unique personal data ownership valuation practices. Working to personalize intrinsic data economies

21h

This is an example of poor leadership that is protecting his role and not considering the lives of those he is letting go.

Like11Reply

Florin P.View Florin P.’s profile • 3rd+EMI/EMC • Lightning • HIRF • Avionics • RF

Don’t look back, folks.
The talented people leaving it will survive… do not lose hope.
Some companies, it seems, grow too old and too large for the times…

LikeReply

Mark Anthony GermanosView Mark Anthony Germanos’ profile (Professor, Computer Guy) • 2ndI go into networks and audit the network security, or lack of security… I have seen a lot. I work with you to improve your security, create your disaster recovery plan and make things work faster.

Transferring tech jobs from the US to Mexico and India. BTW, how is Alphabet stock doing? Ah yes, up 12% in 5 days.

Like1Reply

Pete DeuelView Pete Deuel’s profile • 3rd+Automation Solutions Engineer | Expert Technologist | Full Stack Troubleshooter | Long-time Netizen

23h

It seems the business plan is labor market arbitrage on the premise that all tech workers are fungible. And then with the cost savings in pocket, they will ___________
<Match Game Thinking Cue music>

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Matt TurnerMatt Turner• 2nd• 2ndDeputy Editor-in-Chief at Business InsiderDeputy Editor-in-Chief at Business Insider

1d • 1d •Follow

Google wants the US to change immigration rules to help it hire AI talent.

It told the US Department of Labor that the list of roles considered scarce must be broadened. The company said its need for AI roles will “increase significantly” in the coming years.

Hugh Langley reports.

Google says immigration rules are making it hard to hire top AI talent

businessinsider.com

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Dr. Said El Mansour Cherkaoui taught several courses during his nearly 18-year tenure at Golden Gate University across various campuses. Although specific course titles are not mentioned, here are some areas he likely covered:

Customer Relationship Management (CRM):
- Dr. Cherkaoui worked on CRM while teaching at the School of Technology at Golden Gate University in San Francisco. His expertise in this field likely influenced the content of the CRM course ¹.
European Economic Community (EEC) and North American Free Trade Agreement (NAFTA):
- Dr. Cherkaoui conducted early research and published on the EEC and NAFTA.
- He also taught these topics as two graduate courses at the School of Business at Golden Gate University in 1992².
International Business and Investment:
- Given his background in international business development, Dr. Cherkaoui likely covered topics related to global business environments, cross-cultural management, market entry strategies, and international finance.
Sustainable Development and Corporate Social Responsibility:
- Dr. Cherkaoui’s interest in sustainable development may have influenced discussions on ethical business practices and social responsibility.

While these are general areas, the actual course content may have included case studies, real-world applications, and practical insights. Dr. Cherkaoui’s dedication to education and his diverse expertise enriched the learning experience for students at Golden Gate University. 🎓🌟

Dr. Said El Mansour Cherkaoui’s teaching style and approach garnered positive responses from students. His multifaceted expertise and diverse range of interests contributed to an enriching learning experience. Here are some aspects that likely resonated with students:

Global Perspective: Dr. Cherkaoui’s international background and focus on shaping the future of businesses globally provided students with a broader perspective. His insights into trade, investment, and cultural relationships fostered a global mindset among learners.
Business Advocacy and Networking: Dr. Cherkaoui actively engaged with business leaders, entrepreneurs, and investors. His emphasis on networking and creating awareness about investment opportunities in Morocco likely inspired students to explore real-world connections.
Policy Recommendations: As a policy adviser, Dr. Cherkaoui’s recommendations aimed at creating a favorable business environment. Students appreciated his practical insights into regulatory frameworks and incentives for investors.
Sector-Specific Initiatives: Dr. Cherkaoui’s identification of key sectors with growth potential allowed students to delve deeper into specific industries. Collaborating on sector-specific strategies likely encouraged critical thinking and problem-solving skills.
International Partnerships: Dr. Cherkaoui’s efforts to foster partnerships between Moroccan institutions and foreign counterparts enriched students’ understanding of cross-cultural collaboration. Learning about joint ventures and knowledge exchange broadened their horizons.

Dr. Said El Mansour Cherkaoui received positive feedback and recognition for his teaching and contributions. Here are some testimonials and success stories related to his work:

Ersan Ertuzun (Corporate Communications Supervisor at WTC Istanbul) praised Dr. Cherkaoui’s exceptional expertise in international business development. Ertuzun highlighted Dr. Cherkaoui’s accomplishments in trade consulting, trade missions, and small business development. His academic contributions significantly impacted the global business community, executives in world trade, and entrepreneurs. Dr. Cherkaoui’s role at the East Bay Center for International Trade Development included consulting services, workforce training programs, and international business plan development ¹.

Dr. Wesley Young (Director, Services for International Students and Scholars at University of California, Davis) commended Dr. Cherkaoui’s passion for teaching and his work beyond the classroom. Dr. Young emphasized that Dr. Cherkaoui was one of the most effective faculty members, providing students with valuable insights. His dedication to education extended to various campuses, including the Dominican University of California¹.

Silicon Valley Startup Work: Dr. Cherkaoui’s early work on Customer Relationship Management (CRM) while teaching at the School of Technology at Golden Gate University, San Francisco showcased his practical approach. His role as Executive Director of Business Development at a Silicon Valley startup allowed him to apply CRM concepts in real-world scenarios².

Trade and Business Relations: Dr. Cherkaoui’s efforts with the East Bay Center for International Trade Development strengthened California’s trade and business relations with regions such as Asia (China, India, and Vietnam), Europe (North and Euro-Mediterranean), and the Middle East (Egypt, Saudi Arabia). His successful trade missions, representation at trade shows, and assistance to companies expanding overseas left a lasting impact ³.

Dr. Said El Mansour Cherkaoui has made significant contributions to education and international business development. While specific awards or honors related to his teaching are not mentioned in the available information, his accomplishments and impact speak for themselves:

Trade and Investment Advocacy:
- Dr. Cherkaoui actively promotes, invites, and encourages investment in Morocco from regions such as China and several African countries (including Morocco, Algeria, Tunisia, Egypt, Senegal, Cameroon, Ghana, and Ethiopia).
- His efforts aim to create jobs and contribute to the automotive industry in Morocco ¹.

Policy Adviser and Global Interactions:
- As a policy adviser, Dr. Cherkaoui analyzes business conditions, develops strategic plans for investment, trade, and cultural relationships.
- He fosters connections between the United States/California and regions such as Morocco, North Saharan Africa, Southern Europe, and the Asia Pacific¹.

Networking and Collaboration:
- Dr. Cherkaoui actively engages with business leaders, entrepreneurs, and investors.
- His participation in international conferences, forums, and trade events highlights Morocco’s economic potential and encourages collaboration ¹.

While specific awards may not be listed, Dr. Cherkaoui’s dedication to education, practical insights, and global advocacy have left a lasting impact on students, businesses, and international relations. 🌟🎓

In summary,

Dr. Said El Mansour Cherkaoui’s teaching style, practical insights, and commitment to global business development resonated with students and colleagues alike. His influence extended beyond the classroom, fostering success stories and meaningful connections in the field of international business. 🌟🎓

Dr. Said El Mansour Cherkaoui’s collaborative efforts spanned various sectors, emphasizing openness, cultural exchange, and mutually beneficial partnerships on the global stage. His dedication to education left a lasting impact on students, equipping them with practical skills and a global outlook. 🌎📚

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Dr. Said El Mansour Cherkaoui taught in the international MBA program at Dominican University of California in San Rafael, California, USA. His contributions to education extended beyond a solid academic background; he brought a wealth of business experience both in the US and in Asia and Latin America. Although specific course titles are not mentioned, his expertise likely enriched various aspects of international business and management. His practical insights and academic achievements made a positive impact on students in the program1 . 🎓🌟

Dr. Said El Mansour Cherkaoui served as a Visiting Professor and Adjunct Associate Professor at the Dominican University of California in San Rafael, California, USA. His contributions to education and international business development have left a positive impact on students and scholars alike1 2. 🎓🌟

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Dr. Said El Mansour Cherkaoui has authored several articles and publications related to international affairs, global business, and international policy. Here are some notable ones:

Cherkaoui Journal Newsletter:
- Dr. Cherkaoui publishes the Cherkaoui Journal Newsletter, a knowledge-based publication driven by research, intelligence, and analytical perspectives.
- The newsletter provides insights, case studies, and reports that transform current news into insightful analyses.
- It covers topics such as world affairs, global business, and international policy.
- Readers can access Dr. Cherkaoui’s writings and a compilation of insights that make the world an interconnected place of knowledge ¹.
USA – Morocco Relations:
- Dr. Cherkaoui’s works include publications related to USA-Morocco relations.
- His research likely delves into the dynamics of diplomatic, economic, and cultural ties between the two countries ².
LinkedIn Articles:
- Dr. Cherkaoui has authored 87 articles on LinkedIn, providing insights into influences and challenges arising from the evolution of global affairs, international relations, trade, and business ³.

China: Top Manufacturing Hubs

CITD Seminar – Doing Business in Africa

CITD Seminar – Doing Business in Africa

The continent of Africa, consisting of 54 countries and a population of over 800 million people represents an enormous market for US companies. Several presenters will join as a panel to provide expert advice on how US companies can succeed in the African market, providing an overview of the continent, and a focus on the region of North Africa and the countries of South Africa and Ghana.

This seminar is one of a nine-part seminar series on international business and is supported by the US Department of Commerce and the Small Business Association.

Click on the highlighted links for the presentation download.

Date: Tuesday, October 5, 2004
Location: USDoC, 250 Montgomery Street, 14th floor, San Francisco CA 94104
Time 8:45 am – 1:00 pm

08:45 – 09:15 Registration and Networking
09:15 – 09:25 Introductions
09:25 – 10:10 Richard Soyombo, Bay Area CITD – an overview of doing business on the African continent
10:10 – 11:00 Said Cherkaoui, Ph.D., East Bay CITD – Doing Business in North Africa
11:00 – 11:20 break
11:20 – 12:00 Lucie M. Newcomb, Doing Business in South Africa
12:00 – 12:30 Miriam Rosenthal, focus on Ghana
12:30 – 13:00 Networking

The panel moderator will be Keith Rayner of Kemarra, Inc.

Biographies

Richard A.F. Soyombo
Richard A.F. Soyombo is the Director for the Center for International Trade Development (CITD). His experience spans two decades of international business development. He has played various successful roles in both the public and private sectors helping corporations to succeed internationally and providing guidance for foreign governments in the development of localized strategies to implement international trade as a tool for economic development.

A strategic planning and positioning specialist, he possesses a solid background in successful international market growth solutions, localization of plants and personnel, distributor network development and multiculturalis and has held various executive-level positions with responsibilities in both Latin America and Africa.

His background includes:

* In 1984 he founded a trade-company operating between Brazil and Africa.
* Sr. Consultant specializing in markets of Latin America, Sub-Sahara Africa and South East Asia.
* Regional Director, Latin America/Caribbean (in the high-tech/telecomm industries).
* Assistant to Director Latin American Trade (MASSPORT – Massachusetts Port Authority) where he was responsible for various business development projects in Latin America.
* Adjunct Faculty (International Business) at various Northern California colleges (and Universities).
* Consultant on minority business development.

Richard is an acknowledged speaker/writer at several international forums (throughout Africa, South America and the USA.) and is actively involved with a diverse portfolio of community based organizations throughout the Bay Area. He holds a graduate degree in Multinational Commerce/Business from Boston University.

Dr. Said Cherkaoui
Dr. Cherkaoui’s career combines an international consulting practice, executive and managerial business duties with E-Learning practices, applied research and academic responsibilities in Europe, United States of America with project development in Africa, the Middle East as well as in the rest of the Third World. He has a successful record in international trade, business, and market development for various economic sectors which span from agriculture to information technology and telecommunications industries. Dr. Cherkaoui has held Executive and Senior Management positions at Global Center for Trade (GLOCENTRA), East Bay Center for International Trade Development and California-Mexico Trade Assistance Center (EBCITD and CMTAC), Mercanteo/Amient, Sprint, Everex, the San Francisco Chamber of Commerce, Baker Associate and as Researcher with several institutes in Europe.

Dr Cherkaoui holds a Doctorate in Economics with Honors from the Universite de Sorbonne, Paris, France. with Research Directors as Drs. Frederic Mauro and Jacques Chonchol, two of the most preeminent Latin-American Experts and Researchers worldwide. Dr. Cherkaoui conducted an extensive doctoral research for 14 years and initially wrote 1400 pages for the doctoral thesis focusing on modernization, the early transfer of technology and their combined cause-effect relationship with international investment and regional development in Latin America as well as other developing countries.

Dr Cherkaoui also received his Master of Science degree in Prospective Science from l’Institut de Prospective et de Politique de la Science, Universite Pierre-Mendes France, (UPMF) Grenoble, France and a Diplome du Second Cycle in Economics & Finance from the L’Institut d’Etudes Politiques, UPMF, Grenoble, France. His graduate studies concentrated on Industrial Organization, Finance and the central economic role of the Moroccan State. His Bachelor of Arts degree in Accounting, Economics and Statistics is from the same Institute. Dr. Cherkaoui also holds several U.S. technical and professional certificates on Telecommunications, Information Technology, Entrepreneurship, Online Teaching, Sales, Business Management, International Trade, Trade Finance, Export-Import operations and Trade with Mexico.

Lucie Newcomb
Lucie Newcomb has been empowering companies in the business-to-business marketplace for more than 20 years. With over 10 years of global experience in most regional trading blocs, she has been working with South African market leaders since 1993, including IBM, Nedcor Financial Services, Sasol (synthetic fuels), Johnson & Johnson, U.S. Commercial Services and many others. She lived in South Africa from 1994-98, after being recruited to run the Global Sales and Marketing division of a top South African manufacturer, and hers was one of only 35 consultancies approved by the South African government’s Department of Trade and Industry for its productivity improvement program(me).

Proficient across the marketing mix, she specializes in branding, markets development, PR/communications, web marketing and strategic pricing systems, and she conducted sales training and management consulting projects in South Africa. She has also held a number of leadership roles, including co-Founder, with the US Consul General, of the Cape-American Business Council in Cape Town, which regularly hosted top-level US business and political delegations.

In her current role as President of The Global LightWorks Foundation, her primary efforts in South Africa focus on AIDS orphans and related endeavors. Lucie is a graduate of the University of California at Berkeley. A former resident of both the United Kingdom and South Africa, she is fluent in French.

Miriam Rosenthal
Miriam Rosenthal is a successful entrepreneur with businesses in California, USA and Accra, Ghana. A passionate believer in shared opportunities and community development, Miriam has successfully transferred her business skills to benefit Africa. She is the President of SIGN AFRICA, a Ghana-based company that manufactures innovative outdoor advertising products throughout West Africa.

Headquartered in Ghana, SIGN AFRICA combines the creativity of the USA advertising industry with African requirements to enhance the image and/or messages from both private and public sectors. As part of her commitment to shared opportunities, SIGN AFRICA works with local governments to promote social issues such as AIDS awareness in conjunction with major advertisers.

Miriam Rosenthal’s extended relationship with Africa was not preplanned. She visited Ghana for the first time in 2001 as part of a volunteer group working on a school project. She has not looked back since. Miriam has utilized her experience and background to benefit African and Latin groups and individuals in the development of new market opportunities, strategic partnerships and public service initiatives.

Keith Rayner, Kemarra Inc.
Keith Rayner is Managing Director of Kemarra Inc, an international business development consultancy specializing in the ICT and Life Sciences sectors. The company represents both US companies wishing to expand abroad, and foreign companies wishing to establish themselves in the US. The company is based in San Francisco, next to Silicon Valley, and is ideally situated to help companies establish themselves in this important high-tech region. Kemarra also works with its network of international partners to ensure the success of US companies in their move abroad.
Mr. Rayner started his international career in London, working on the commodity and stock markets. A move abroad to New York saw consultancy work on Wall Street with Goldman, Sachs & Co., and Citibank. He then broadened his international experience with four years in Berlin, Germany, and five years in Paris, France, consulting for a number of companies in the financial and IT sectors. With fluency in both German and French, he then represented a US software product company in sales and marketing to European multinational telecommunication companies, overseeing a number of projects in different countries. Keith then returned to the US, transitioning full-time to product marketing for several US software firms.
As founder of Kemarra Inc. Mr Rayner is keenly aware of the factors that determine the success of a move into a new market abroad, and can help companies avoid many of the pitfalls that await the unwary.
Keith has a BSc in Psychology from Reading University in the UK, a Diploma in Medical Sciences from the University of Central England, and the “Grosses Deutsches Sprachdiplom”, specialist subject Economics, from the Goethe Institute in Germany. Kemarra Inc. can be found at http://www.kemarra.com.

James Crabtree • Following• Analyst, Writer, Author of the Billionaire Raj.

1w • 1w •

Modi has 80% approval. Jokowi has about the same. Prabowo just won in a landslide. Marcos is pretty popular too. So what are Asia’s leaders doing right, when politicians in rich Western nations are almost universally reviled? My latest in Foreign Policy looking at the rise of Asia’s surprisingly popular politicians. The basic argument is below:

Read the piece:
https://lnkd.in/dqmyA8Qk

The set-up: “Prabowo’s triumph had many causes. But its scale points to a wider trend, namely the surprisingly popularity of political leaders in many of Asia’s emerging market democracies. Heads of government in rich Western nations are almost universally reviled—and in many parliamentary systems, their dwindling parties often find it increasingly difficult even to cobble together ruling coalitions.
In Indonesia, by contrast, Prabowo will now replace the even more popular President Joko Widodo, commonly known as Jokowi, who ends his term in office with an 80 percent approval rating. In the Philippines, President Ferdinand Marcos Jr. is almost as well liked, as was his predecessor, Rodrigo Duterte. And in India’s election, which is expected to begin in April, Prime Minister Narendra Modi looks all but certain to produce his third overwhelming win in a row…….”

#Indonesia #India #phillipines #Modi #Prabowo #Jokowi #Democracy #Asia

Said El Mansour Cherkaoui Ph.D. View Said El Mansour Cherkaoui Ph.D.’s profile • You ★ Senior Policy and Business Adviser ★ Consultant ★ News Executive Editor ★ Public Speaker ★

Attention: James Crabtree

You are selling Roses during the Winter and all these new “Leaders” that took position have had in their family lineage or by themselves being worse than the dictators of Africa given the relative advances of their countries compared to the civil wars and poverty that have continuously aggravated the political instability in the African nations.

Besides this, all these newly designedly-elected came and rose to power through clientelism, despotism, repression, and favoritism that even translated into taking as vice-president member of the family of the president they are replacing.

This process of having such continuity in the driving and directing the power is called “keeping the files and the drawers closed” of the previous administration by appointing members of the former president who will be supporting the transition and facilitating access to the alliances and partnerships created not only within the local and regional alliances but more importantly with the representatives of the international communities and institutions existing in western societies and capitals

https://www.linkedin.com/posts/tri-news-report_prabowo-jokowi-activity-7163761250848493568-STb-?utm_source=share&utm_medium=member_desktop

TRI NEWS REPORT – GLOBAL USA VISION on LinkedIn: #indonesianews #saidelmansourcherkaoui … linkedin.com

TRI NEWS REPORT – GLOBAL USA VISION

2w • 2w •

New President In Indonesia: a Veteran of Political Policies, Clientelistic Politics and Patronage of Intrigues

By Said El Mansour Cherkaoui Ph.D. – Said Cherkaoui Ph.D. -2/14/24
Contact: saidcherkaoui@triconsultingkyoto.com

Defense Minister Prabowo Subianto, 72, emerged from the New Order era under Suharto’s dictatorship (1965-1998), where he perpetrated certain dirty deeds as commander of the special forces. Prabowo presented himself as an heir to the immensely popular sitting President Joko Widodo, popularly known as Jokowi, who was the country’s first president not coming from the country’s political or military elite.

Jokowi started as a furniture maker, and his rise to the top seemed to herald a more egalitarian and democratic style of Indonesian politics. He promised to redress human rights abuses committed under Suharto’s military rule.

Through his two five-year terms, Indonesia’s economy — Southeast Asia’s largest — has grown at about 5% a year. His infrastructure building, cash and food assistance to the poor, and health and education policies have been popular.

Indonesia is the world’s largest producer of nickel, used in making electric vehicle batteries, and Jokowi has barred the export of raw nickel, to help Indonesia move up the value chain from mining to manufacturing.

Jokowi’s move to protect his legacy, though, has alienated some supporters.

Jokowi needed a trusted person by the military-political strata. There was nothing certain about the alliance between Jokowi and Prabowo. In the 2014 and 2019 elections, Prabowo was Widodo’s only opponent. A sore loser, Prabowo claimed “massive cheating” against Widodo and drove his supporters into the streets.

Prabowo runs his presidential campaign with a vice presidential candidate Gibran Rakabuming, mayor of Surakarta, who is President Joko Widodo’s eldest son.

Last October, Indonesia’s Constitutional Court eased the requirement that presidential and vice presidential candidates need to be at least 40 years old, clearing the way for Jokowi’s eldest son Gibran to run for vice president. Critics pointed out that the court’s chief justice is Jokowi’s brother-in-law, and assailed the court’s decision as riddled with conflict of interest, nepotism, and political dynasty-building. The justice was demoted for ethical violations, but the court let the ruling stand.

There have also been reports of using poverty-alleviation funds to buy votes, the intimidation of critics of Jokowi and Prabowo, and the mobilization of civil servants, soldiers, and police to vote for Prabowo.

Subianto told thousands of supporters in the capital, Jakarta, that his victory was “the victory of all Indonesians.”

With Prabowo as the new President, and an ex-army strongman special forces commander, Indonesia Politics is back to the Future. Prabowo lost to Jokowi in the 2014 and 2019 elections.

NPR – Al Jazeera – Reuters – Le Monde

Joel Shen #indonesianews #saidelmansourcherkaoui

Joel Shen • 2nd • Lawyer | Connector | Educator | Investor

2w • Edited •

In the end, it wasn’t even close. Yesterday, 204 million Indonesians voted in the world’s largest single-day elections.

1. If the results of the quick count are accurate, #Prabowo Subianto will succeed the popular President #Jokowi as leader of the world’s fourth most populous country in October.
2. Indonesian markets got off to a strong start today after Prabowo declared victory last night. Indonesian stocks rose more than 2% to their highest in over a month, while the rupiah firmed about 0.3% to touch a one-month top of 15,545 per USD.
3. Prabowo has promised policy continuity and, while his strong mandate provides some reassurance to the market, investors are also cautiously watching what a “President Prabowo” would mean for fiscal policy, and whether the prudence under Finance Minister Sri Mulyani Indrawati will be maintained into the next term of government.
4. Prabowo’s landslide victory is, to a large extent, attributable to his predecessor’s popularity. President Jokowi, whose approval rating hovers at 80%, is the world’s most popular leader.
5. One of the ways in which Prabowo leveraged President Jokowi’s immense popularity was by appointing the latter’s son, Gibran Rakabuming Raka, as his running mate, amidst allegations of patronage politics and conflict of interest. Gibran’s candidacy was only approved after a contentious ruling by Indonesia’s constitutional court, which was headed by Jokowi’s now-dismissed brother-in-law.
6. When campaigning, Prabowo appealed to a younger demographic by reinventing his image as a loveable cat-loving uncle dancing goofily on TikTok. More than half of all Indonesian voters are born after 1980. For this younger generation, Prabowo’s human rights allegations must seem like ancient history.
7. Prabowo is the former commander of Kopassus, the special forces unit of the Indonesian army. He is former President Suharto’s son-in-law, and is the only presidential candidate with links to the former leader’s Orde Baru regime.
8. Prabowo was dishonourably discharged in 1998 after Kopassus soldiers kidnapped and tortured Suharto’s political opponents. Of 22 activists kidnapped that year, 13 remain missing. And while Prabowo never faced trial, several of his men were tried and convicted.
9. Prabowo has also been accused of human rights abuses in East Timor, which won independence from Indonesia amid the collapse of the Suharto regime, and its troubled eastern region of Papua. He was subsequently banned from entering the United States for his human rights violations
10. For all that, most Indonesian voters seemed unconcerned – Prabowo clinched about 58% of votes in Wednesday’s election, according to unofficial “quick counts” by four independent pollsters, which in previous elections have proven to be accurate.

I have included, in the comments, links to a selection of relevant articles by the BBC, Bloomberg, The Business Times, The Economist, Reuters, and The Straits Times.

Image copyright of Gerindra

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African Union: Local Politics, Regional Fragmentation, and International Aid

African Union Facing the Political Reality of Building Regional Entente Versus Real Geo-Political Supranational Interference

Neutrality and Integrity are considered non-existent given the foreign aid received by the African Union making it dependent on external financing can become the lobbyist for foreign interests in African Affairs and Decision-making by the African Unifying Organization

Bits and Bites on the Impact of Foreign Aid on the African Organization:

According to a 2023 Kenyan Wall Street article, the African Union’s (AU) over-reliance on foreign aid to fund 60% of its programs is slowing progress in developing the capacity to deliver Pan-African transformation.

The United States is the world’s largest donor of humanitarian aid to Africa. In 2021, the U.S. Department of State and USAID provided $8.5 billion in aid to 47 countries and 8 regional programs in sub-Saharan Africa.

The U.S. government provides a large share of its aid for Africa through multi-country initiatives. These include:

The U.S. President’s Emergency Plan for AIDS Relief (PEPFAR)
The President’s Malaria Initiative
Feed the Future
Prosper Africa
Power Africa
Ethiopia: In 2022, received the highest amount of net official development assistance (ODA) from official donors in Sub-Saharan Africa, at roughly five billion U.S. dollars
Nigeria: In 2022, was the second largest recipient of ODA in Sub-Saharan Africa

The European Union (EU) also provides a significant amount of aid to Africa, giving around EUR 20 billion a year.

China has provided $160 billion in loans to Africa over the past 20 years, or about $7 billion per year. China has also invested $155 billion in infrastructure projects in sub-Saharan Africa over the past two decades. China continues to be one of the major financiers of infrastructure projects in sub-Saharan Africa, with a total investment of $155 billion over the past two decades. As a result, Beijing has gained enormous influence and contacts with several African nations. China’s aid supports many projects, including: Transportation infrastructure, Energy and minerals, Medicine, Agriculture, Telecommunications. In 2021, China pledged $40 billion during the Forum on China-Africa Cooperation (FOCAC). China also promised additional support to combat COVID-19 and announced a goal to increase its imports from Africa to a total of $300 billion in the next three years. Mar 25, 2023

Top 5 ratios belong to Djibouti (54.3%), Republic of Congo (19.6%), Angola (18%), Mozambique (14%), Zambia (11%). On average, African Borrowing from China constitutes a ratio of 5.3% to GDP of Borrowing Countries. China’s FDI correlates with China’s resource interest in Africa. Twelve resource-rich African countries – South Africa, DR Congo, Zambia, Ethiopia, Angola, Nigeria, Kenya, Zimbabwe, Algeria, Ghana, Tanzania, and Mozambique – housed nearly three-quarters of China’s FDI by stock in 2020, as seen in figure 1. Nov 4, 2022

African-Debt-to-China Download

Now the articles of the proclaimed charter state:

According to Legal Tools, the Charter of the Organization of African Unity (OAU) states that member states affirm the principle of respect for the sovereignty and territorial integrity of every state. However, the Constitutive Act of the African Union (AU) is more in line with the notion of responsible sovereignty than with the conventional accentuation of state rights. The AU’s Constitutive Act has several goals, including:

Achieving greater unity and solidarity between African countries
Defending the sovereignty, territorial integrity, and independence of its member states
Accelerating the political and socio-economic integration of the continent
Promoting and defending African common positions
Some say that foreign funds can only help African countries that undertake political, economic, and institutional reform. Others say that foreign aid has not been effective in Africa because:
Aid has been looted
Aid has been poorly monitored
Donor agencies knew that aid was being stolen
Corrupt African leaders have embezzled aid
Widespread government corruption has caused donors to withhold money
Aid has increased the risk of civil conflict and unrest

More Bits and Bites on the Negative Effects of Foreign Aid in Africa:

Corruption: Foreign aid can encourage the corruption of governments.
Inefficient governments: Foreign aid can lead to the creation of ineffective, corrupt governments.
Economic policies: Foreign aid can lead to unstable economic policies.
Systemic bias: Aid can do nothing to address the global political economy’s systemic bias toward poor African countries.
Unnecessary Aid can be ineffective in places with good governance, and unnecessary in places with bad governance.
Unproductive continent: The West has used foreign aid to make Africa unproductive and dependent, keeping its grip on the continent.
Foreign aid can be used to finance a variety of activities in Africa, including: Investment projects, Technical assistance, Budget support, and Debt relief.

Africa Destiny: New Train of Life for Central and Southern African Mining Regions

– Contact author: Said El Mansour Cherkaoui, Ph.D.

– saidcherkaoui@triconsultingkyoto.com

To contact the Author for public speaking, advising, or consulting engagement, please send an email to: saidcherkaoui@triconsultingkyoto.com

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★ • Said El Mansour Cherkaoui Ph.D. ★•★ Said Cherkaoui Ph.D. – 2/25/2024

📯The Simandou mountains, after decades of anticipation, the stage is set for the world’s largest mining investment.

🇬🇧 Rio Tinto, a British mining company, and 🇨🇳 Chinese State-Owned Enterprises (SOEs) have joined forces to unlock the secrets hidden within Simandou’s ancient peaks.

Mining in Simandou will have a profound impact on Guinea’s economy:

Revenue Generation: Simandou’s iron ore reserves are estimated to be among the largest globally. Guinea will witness a surge in export revenues from iron ore sales.
The influx of foreign investment and royalties will bolster Guinea’s fiscal position.

Employment Opportunities: Mining projects like Simfer will create thousands of jobs—from skilled engineers to laborers. This employment boost will alleviate unemployment and enhance livelihoods.
Ancillary services, such as logistics, maintenance, and catering, will also generate employment.

Infrastructure Development: To support mining activities, Guinea will invest in infrastructure. Roads, railways, and ports will improve connectivity, benefiting other sectors as well.
Energy infrastructure will expand to meet the industry’s demands.

Foreign Direct Investment (FDI): Simandou’s allure will attract more FDI. International companies will invest in mining operations, technology, and equipment.
This injection of capital will stimulate economic growth beyond the mining sector.

Trade Balance and Currency Stability: Iron ore exports will contribute significantly to Guinea’s trade balance. Increased exports will offset imports, enhancing currency stability.
The Guinean franc (GNF) may strengthen against other currencies.

Local Supply Chain: The mining industry will create demand for local goods and services. Suppliers, contractors, and small businesses will benefit.
Local procurement will foster economic linkages.

Skills Development and Training: The mining sector will invest in skills development. Training programs will empower Guineans with technical expertise.

Knowledge transfer from international experts will enhance local capacity.
Social and Community Development: Responsible mining practices will include community development initiatives. Investments in education, healthcare, and infrastructure will uplift local communities.

Simandou’s success should translate into improved living standards for nearby residents.
Diversification and Economic Resilience: Guinea’s economy has been heavily reliant on agriculture. Mining diversification will reduce vulnerability to commodity price fluctuations.

A robust mining sector will contribute to overall economic resilience.
Challenges and Mitigation: Environmental and social impacts must be managed carefully. Sustainable practices and community engagement are crucial.

Revenue transparency and governance are essential to prevent resource curse.

Francesco Sassi •

📯🇬🇳Guinea will host the world’s largest mining investment.

After decades,🇬🇧UK-based Rio Tinto and 🇨🇳Chinese SOEs have decided to mine the Simandou mountains and finalize the Simfer and WCS projects.

Yet, tensions are increasing within the country and in Western Africa.

After 27 years of wrangling, twists, and turns, Rio Tinto’s board has committed to realizing the world’s largest mining project in Guinea, highlighting the importance of Africa as the meeting point of Western and Eastern energy geopolitics and transition strategies. Rio Tinto, with partners from all around the world, including 🇨🇳 China’s Chinalco, the world’s largest aluminum producer, and Baowu, the world’s biggest steel producer, is realizing a series of giant infrastructures.

By the end of the decade, mines, railways, freeways,s and ports will make it possible to connect the Simfer and WCS mines in the Simandou mountains, in south-eastern Guinea, and close to the border with🇨🇮Ivory Coast, to the Atlantic Coast.

From here, high-grade iron ore mined in Guinea, among the purest assets of this commodity available in the world, will be available to global markets and, in particular, to major steel and aluminum producers in China. They are desperate to lower the emissions from hundreds of plants across the country and ready to commit billions to the world’s largest project of this kind.

Energy transition and energy geopolitics meet once again in Guinea.

The government has long supported the implementation of these projects. The astonishing price tag is around $20 billion, larger than many world-class oil and gas projects discussed over the last two decades. The Chinese government is fully committed to sustaining such international infrastructures to decarbonize several industries, expanding the energy and mining diplomacy in Africa, while partnering with Western firms in such endeavors, absorbing critical know-how. Prices of critical raw materials have been very volatile over the last few years. Geopolitics and economic crises influenced such trends.

Partners of Guinea’s projects bet on growing demand, triggered by the energy transition, and lasting revenues. Nevertheless, since the 2021 Guinea coup by Mamady Doumbouya, the junta has grown in power and has isolated the country from its neighbors. The appointed government has just been dissolved without an explanation, while the regime has ordered to close the borders.

Free and democratic elections are expected in just 10 months…

Africa is Lightening the World and Building Trains To Extract the Treasures of the Lands

Africa Between the West and the East Sitting at Two Chairs at the Same Time?

Lobito corridor: Hoping to break China’s grip on African ore – DW – 02/08/2024

Congo, Angola, and Zambia are seeking to revive a trade route dating back to colonial times. Europe and the US. … Read more

The Lobito Corridor has become a focal point in the geopolitical and economic competition between the West and China in Africa.

Lobito Corridor vs. TAZARA (Tanzania-Zambia Railway Authority):
- The United States and the European Union are keen on constructing a 1,300-kilometer railway from the Port of Lobito in Angola to the border town of Lua, with an additional 400 kilometers extending into the Democratic Republic of Congo (DRC) to the mining town of Kolwezi.
- Meanwhile, China has plans to rehabilitate the TAZARA, which connects Tanzania and Zambia.
- These competing rail projects signify the start of President Joe Biden’s strategic competition with China on African soil.
- The West aims to use the Lobito Corridor to transport strategic minerals from the DRC and Zambia to the US and the EU, while China focuses on TAZARA.
- Citizens of these African countries should ensure watertight agreements to safeguard their interests, as both power blocks pursue their own goals¹.
China’s TAZARA Proposal:
- Chinese investors have proposed investing over $1 billion in the Tanzania-Zambia Railway Authority (TAZARA) under a public-private partnership model.
- China Civil Engineering Construction Corporation (CCECC) is negotiating the concession to operate the railway line.
- The revitalization of TAZARA is seen as an important project for freedom and peace in the new era, according to the Chinese Ambassador to Zambia¹.
Lobito Corridor and the West’s Interests:
- The West’s support for the Lobito Corridor is interpreted as a geopolitical move.
- By linking the Copper Belt to the Atlantic Ocean, the West aims to maintain a stake in the global value chain for critical energy transition minerals.
- These multi-billion-dollar investments are not benevolent; they serve the West’s interests in securing access to vital resources².
The New Great Game in Africa:
- The Lobito Corridor serves as the battleground where the US and China vie for influence and control.
- An intricate chessboard where nations strategically compete for dominance in infrastructure projects ³.

In this high-stakes game, the Lobito Corridor and TAZARA represent more than mere railways—they symbolize the struggle for power, resources, and influence on the African continent.

Washington is supporting the Lobito corridor, a $2.3 billion plan to upgrade an existing line that runs to the Atlantic port of Lobito from the Democratic Republic of Congo and build about 800 kilometers (500 miles) of new track into Zambia

In collaboration with the European Union, Washington is actively supporting the development of the Lobito Corridor. This transformative economic corridor aims to connect the southern Democratic Republic of the Congo and northwestern Zambia to regional and global trade markets via the Port of Lobito in Angola. Here are the key points:

Lobito Corridor Overview:

The Lobito Corridor is a critical infrastructure project from the Democratic Republic of the Congo (DRC) to the Atlantic Ocean.
It facilitates trade and connectivity by providing a direct route from the DRC to the Angolan port city of Lobito.
The corridor aims to enhance the regional circulation of goods and promote mobility for citizens.

U.S.-EU Partnership:

The United States and the European Union have joined forces to support the Lobito Corridor’s development.
They are launching feasibility studies for a new greenfield rail line expansion between Zambia and Angola.
This collaborative approach demonstrates the power of international partnerships in infrastructure development.

Economic Benefits:

Once fully operational, the corridor will enhance export possibilities for Zambia, Angola, and the DRC.
It will reduce logistics costs and the carbon footprint associated with exporting metals, agricultural goods, and other products.
Investments in digital access and agricultural value chains will increase regional competitiveness.

Immediate Next Steps:

Pre-feasibility studies will be conducted for the construction of the new Zambia-Lobito railway line from eastern Angola through northern Zambia.
This builds upon the initial U.S.-led support to refurbish the existing railway section from the Lobito port in Angola to the Democratic Republic of the Congo.

The Lobito Corridor and TAZARA represent not only infrastructure advancements but also geopolitical maneuvering in the quest for critical resources.

The modernization of the Tanzania-Zambia Railway (TAZARA) and the construction of the Lobito Corridor are indeed significant developments in Africa. Let’s delve into the context and implications:

Lobito Corridor:

The United States and the European Union are actively involved in constructing the 1,300 km railway that stretches from the Port of Lobito in Angola to the border town of Lua, with an additional 400 km extension to the mining town of Kolwezi in the Democratic Republic of Congo (DRC) ¹.
This ambitious project aims to enhance transportation infrastructure, facilitate trade, and boost economic connectivity in the region.
The Lobito Corridor is strategically positioned to link the Atlantic coast to the mineral-rich regions of central Africa.

Tanzania-Zambia Railway (TAZARA):

China has proposed a $1 billion investment in rehabilitating the TAZARA under a public-private partnership (PPP) model ¹.
The TAZARA railway, originally funded by Mao Zedong’s government in the 1970s, connects Tanzania and Zambia.
China’s involvement in revitalizing TAZARA signifies its continued interest in African infrastructure development and resource access ².

Geopolitical Rivalry and Critical Raw Materials (CRM):

These multi-billion-dollar railway investments are not purely benevolent gestures. Instead, they reflect the geopolitical and economic rivalry between major powers.
Both the West (represented by the US and the EU) and China are vying for access to critical raw materials (such as minerals) found in Africa.
The Lobito Corridor and TAZARA projects serve as conduits for transporting these valuable resources.
President Joe Biden’s announcement of the US Strategic Competition with China on African soil underscores the intensity of this rivalry ¹.
Senator Robert Menendez emphasized that China’s actions challenge the United States and the international community across various dimensions of power ¹.

Safeguarding African Interests:

African countries involved in these projects must negotiate watertight agreements to protect their interests.
While the infrastructure development benefits the region, it’s essential to recognize that both power blocs are pursuing their own strategic goals.

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– Contact author:
– saidcherkaoui@triconsultingkyoto.com

Africa Destiny: Low Blow to China BRI at Lobito

Said El Mansour Cherkaoui November 20, 2023

Africa Destiny: Zambia’s Bad Credit Bet for China and West Good Mining Gamble

When the Missionaries arrived, the Africans had the Land and … Continue reading

Belt and Road Initiative – BRI

Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future … Continue reading

Africa Destiny: Zambia “Bad Bet” by International Creditors and Good for Mining

Continue reading Africa Destiny: Zambia “Bad Bet”

The following external articles are recommended to you by Said El Mansour Cherkaoui, Ph.D. the Author and Editor of • https://moroccodigitall.com •

Angola awards $333m Lobito rail project to Trafigura – … businesslive.co.za

CENTRAL AFRICA : Why Trafigura has positioned itself on the Lobito-Kolwezi corridor – … africaintelligence.com

Angola awards 30-year concession for Lobito corridor … railjournal.com

A fresh start: Lobito corridor concessionaire targets growth … railjournal.com

Nigeria’s Top 5 Railway Projects Gulp $26 Billion – Report …dmarketforces.com

Estevanico Dorantes – Moro Mustapha Maure Zemmouri

Estevanico Dorantes

Estevanico Dorantes – Moro Mustapha Maure Zemmouri

Said El Mansour Cherkaoui November 20, 2023 – English Version et Version Francaise Alvar Nuñez Cabeza de Vaca – Estevanico Dorantes – Moro Mustapha Maure Zemmouri · … Read More

Estevanico Dorantes – Moro Mustapha Maure

May 18, 2019 — Said El Mansour Cherkaoui Estevanico Dorantes – Moro Mustapha Maure Zemmouri Estevanico et le Portugal au Maroc Esteban Dorantes – Mustafa … Read more at https://chroniquecherkaoui.wordpress.com › …

Esteban Dorantes Mostafa

http://madeinmazagan.weebly.com/esteban-dorantes-mostafa.html – Dec 14, 2008 — ☆ Said El Mansour Cherkaoui ☆ . Picture. Estevanico Dorantes – Mostapha Zemmouri. Photo. Picture. Estevanico and Portugal in Morocco … Read more at Weebly http://madeinmazagan.weebly.com › …

Japan Slides to 4th Position Behind Germany

Said El Mansour Cherkaoui – info@triconsultingkyoto.com

Said El Mansour Cherkaoui February 17, 2024

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 slips into a recession and lost its spot as the world’s third-largest economy that is taken now by Germany.

Japan, once poised to become the world’s largest economy, fell to fourth place behind Germany last year, according to official data released February 15, 2024. Japan’s nominal GDP grew by 1.9% in 2023 to $4.2 trillion, a sharp decline in the yen’s value against the dollar played a significant role in this shift.

Despite growing 1.9 percent, Japan’s nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany, according to figures released there last month.

The change in positions primarily reflects the sharp fall in the yen against the dollar, rather than the German economy — which contracted 0.3 percent in 2023 — outperforming Japan, economists said. The Japanese currency slumped by almost a fifth in 2022 and 2023 against the US currency, including around seven percent last year. This was in part because to boost prices the Bank of Japan has maintained negative interest rates, unlike other major central banks which have raised borrowing costs to fight soaring inflation.

“The overtaking… in size in dollar terms owes a lot to the recent collapse in the yen. Japan’s real GDP has outperformed Germany’s since 2019,” said Fitch Ratings economist Brian Coulton.

Germany’s heavily export-dependent manufacturers have been hit particularly hard by soaring energy prices in the wake of Russia’s invasion of Ukraine. Europe’s biggest economy has also been hampered by the European Central Bank raising interest rates in the eurozone as well as uncertainty over its budget and chronic shortages of skilled labor.

During its boom years of the 1970s and ’80s some projected that Japan would become the world’s biggest economy.

But the catastrophic bursting of Japan’s asset bubble in the early 1990s led to several “lost decades” of economic stagnation and deflation.

When in 2010 Japan was overtaken as number two by Asian rival China — whose economy is now around four times larger — it prompted major soul-searching.

While largely a product of the yen’s slide, falling behind Germany will still be a blow to Japan’s self-esteem and add to the pressure on unpopular Prime Minister Fumio Kishida.

More humiliation is to come with booming India projected to overtake Japan in 2026 and Germany in 2027 in terms of output — although not in GDP per capita — according to the International Monetary Fund. Source

Some analysts are warning of another contraction in the current quarter as weak demand in China, sluggish consumption and production halts at a unit of Toyota Motor Corp (7203.T), opens new tab all point to a challenging path to an economic recovery.

Japan’s economy was the world’s third-largest in 2022, with $4.26 trillion in nominal GDP, which compares with $25.44 trillion for the United States, or a quarter of the global economy, and $17.96 trillion for China. Japan accounted for a record-low 4.2% of global GDP, down from 5.1% the year earlier. [Dec 25, 2023]. Japan is now the world’s Fourth-largest after contracting in 2023 and falling behind Germany.

Japan’s economy shrank by 0.4% annually from October to December 2023. In 2023, Japan’s nominal GDP grew by 1.9% to $4.2 trillion, but the sharp decline in the value of the yen against the dollar has contributed to this shift. Economists say Japan’s relative weakness also reflects a decline in its population and lagging productivity and competitiveness.

Other economic challenges facing Japan include:

Supply chain issues
Rising labor costs
Political issues
A low birthrate and aging population
A strained social security system
Labor shortages

Japan’s recovery is struggling to gain momentum. Real GDP contracted in the third quarter as inflation eroded purchasing power. Real domestic consumer spending fell 0.3%—the second consecutive contraction.

The economy shrank 2.9% on an annualized basis in the third quarter compared with the 2.1% contraction recorded in the preliminary estimate. TOKYO—Japan’s economy contracted at a faster pace than initially estimated in the July-September quarter due to weak consumer spending, revised government data showed Friday. Dec 7, 2023

Economic contraction as inflation hits hard The real GDP growth rate in the July-September quarter of 2023, announced on November 15, fell into the negative at -0.5% from the previous quarter (annualized growth rate of -2.1%), the first contraction in three quarters. Dec 12, 2023

The fiscal 2024 economic growth projection is slightly higher than the previous estimate of 1.2%. Domestic demand is expected to rebound in the next fiscal year with the help of planned income tax cuts on top of the ongoing trend of wage hikes, a Cabinet Office official said. Dec 21, 2023

Japan faces both cyclical and structural challenges as it begins the new year. Its cyclical challenges are global supply chain bottlenecks and labour market frictions, which continue to put downward pressure on its economy as it strives to recover from the worldwide recession. Jan 18, 2023

As of February 14, 2024, Japan’s GDP contracted by 0.4% in the last three months of 2023, compared to a 3.3% contraction in the previous quarter. This unexpected contraction is due to weak domestic consumption, such as weak spending by households and businesses.

Japan’s economy contracted at a 2.1% annual pace in July-September as consumption and investment weakened, the government said Wednesday. Nov 15, 2023

The Recession Indicator for Japan in September 2023, compiled by the Japan Center for Economic Research (JCER), was 56.5%, up from the previous month by 3.3 pts (retroactively revised basis, Figure 1). The indicator had been below the warning level (67%) six months in a row. Nov 9, 2023

Some of the biggest problems facing Japan include: Aging population: Japan has one of the oldest populations in the world, with a large number of elderly citizens and a low birth rate. This can lead to a shortage of workers and increased costs for social welfare programs such as healthcare and pensions. Jan 22, 2023

Japan’s major export industries include automobiles, consumer electronics (see Electronics industry in Japan), computers, semiconductors, copper, and iron and steel. Additional key industries in Japan’s economy are petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods.

Around 70% of Japanese government bonds are purchased by the Bank of Japan, and much of the remainder is purchased by Japanese banks and trust funds, which largely insulates the prices and yields of such bonds from the effects of the global bond market and reduces their sensitivity to credit rating changes.

Recently, Japan has been reporting a trade deficit, meaning the value of its imports exceeds the value of its exports. Most of these imports have come from China and the United States. The trade deficit is one of the causes for in an increase of the national debt.Nov 30, 2023

According to Global Data, the manufacturing industry contributes around 89% to the Japanese GDP, and the automotive industry contributes the most to the manufacturing industry. The Japanese automotive industry has a long history of innovation and has been at the forefront of the development of new technologies.Feb 12, 2023

Leading domestic companies in Japan 2024, by market capitalization. Toyota Motor Corporation was the leading domestic company in Japan based on market capitalization, which amounted to around 48.9 trillion Japanese yen in January 2024. Feb 1, 2024

China and Japan are the largest foreign investors in American government debt. Together they own $2 trillion — more than a quarter — of the $7.6 trillion in US Treasury securities held by foreign countries. May 25, 2023

Statistics
Economy of Japan Tokyo, the financial center of Japan
Currency	Japanese yen (JPY, ¥)
Fiscal year	1 April – May
Trade organizations	APEC, WTO, CPTPP, RCEP, OECD, G-20, G7 and others
Country group	Developed/Advanced ^[1] High-income economy ^[2]
Population	122,631,432 (2024) ^[3]
GDP	$4.230 trillion (nominal; 2023)^[4] $6.457 trillion (PPP; 2023)^[4]
GDP rank	4th (nominal; 2023) 4th (PPP; 2023)
GDP growth	1.1% (2022) ^[5] 1.3% (2023f) ^[5] 1.0% (2024f) ^[5]
GDP per capita	$33,950 (nominal; 2023)^[4] $52,120 (PPP; 2023)^[4]
GDP per capita rank	30th (nominal; 2023) 34th (PPP; 2023)
GDP by sector	Agriculture: 1.1% Industry: 30.1% Services: 68.7%(2017 est.)^[6]
GDP by component	Household consumption: 55.5%Government consumption: 19.6%Investment in fixed capital: 24%Investment in inventories: 0%Exports of goods and services: 17.7%Imports of goods and services: −16.8%(2017 est.) ^[6]
Inflation (CPI)	3.1%
Population below poverty line	0.7% on less than $1.90/day (2013) ^[7] 0.9% on less than $3.20/day (2013)^[8] 1.2% on less than $5.50/day (2013)^[9]
Gini coefficient	33.9 medium (2015)^[10]
Human Development Index	0.925 very high (2021)^[11] (19th) 0.850 very high IHDI (16th) (2021)^[12]
Labor force	69.1 million (May 2023) ^[13] 61.2% employment rate (May 2023) ^[14]
Labor force by occupation	Agriculture: 3% Industry: 25% Services: 72% (FY 2018) ^[15]
Unemployment	2.6% (2023) ^[13] 3.7% youth unemployment (15 to 24 year-olds; May 2023) ^[13] 1.8 million unemployed (May 2023) ^[13]
Average gross salary	¥429,501 / $3,267.16 monthly ^[16] (2022)
Average net salary	¥333,704 / $2,538.45 monthly ^{[17] [18]} (2022)
Main industries	Motor vehicles Electronics machine tools steel nonferrous metals ships chemicals textiles processed foods
External
Exports	$717.94 billion (2023) ^[19]
Export goods	Transport Equipment 21.0% Machinery 19.9% Electrical Machinery 18.7% Chemicals 12.4% Manufactured Goods 10.4% Raw Materials 1.7% Foodstuff 1.3% Mineral Fuels 0.8% Others: 13.8% ^[19]
Main export partners	China 22.1% Hong Kong 4.5% United States 20.0% ASEAN 14.6% European Union 10.3% South Korea 6.5% Taiwan 5.9% Australia 2.3% India 2.2% (2023) ^[19]
Imports	$784.06 billion (2023)^[19]
Import goods	Electrical Machinery 17.6% Mineral Fuels 16.6% Machinery 10.5% Foodstuff 9.9% Chemicals 9.9% Manufactured Goods 9.3% Raw Materials 6.9% Transport Equipment 5.0% Others: 14.4% ^[19]
Main import partners	China 22.3% Hong Kong 0.2% ASEAN 15.4% United States 10.5% European Union 10.2% Australia 8.3% United Arab Emirates 4.7% Taiwan 4.5% Saudi Arabia 4.4% South Korea 4.0%(2023) ^[19]
FDI stock	Inward: $25 billion (2021)^[20] Outward: $147 billion (2021)^[20]
Current account	$58.108 billion (2022)^[21]
Gross external debt	$4.54 trillion (March 2023)^[22] (103.2% of GDP)
Public finances
Government debt	¥1.457 quadrillion 263.9% of GDP (2022)^[21]
Budget balance	1.35% of GDP (2022 est.)^[21]
Revenues	¥196,214 billion^[21] 35.5% of GDP (2022)^[21]
Expenses	¥239,694 billion^[21] 43.4% of GDP (2022)^[21]
Economic aid	donor: ODA, $10.37 billion (2016)^[23]
Credit rating	Standard & Poor’s: ^[24][25]A+ (Domestic)A+ (Foreign)AA+ (T&C Assessment)Outlook: Stable Moody’s:^[25]A1Outlook: Stable Fitch:^[25]AOutlook: Stable
Foreign reserves	$1.2 trillion (2023)^[26]
Main data source: *CIA World Fact Book* All values, unless otherwise stated, are in US dollars.

Challenges and Solutions

Immigration is one option for solving Japan’s labor shortage problem, but the country has been relatively unaccepting of foreign labor, except for temporary stays, prompting criticism about discrimination and a lack of diversity.

Robotics, another option, are gradually being deployed but not to the extent they can fully make up for the lack of workers.

Another key factor behind Japan’s sluggish growth is stagnating wages that have left households reluctant to spend. At the same time, businesses have invested heavily in faster-growing economies overseas instead of in the aging and shrinking home market.

Private consumption fell for three straight quarters last year and “growth is set to remain sluggish this year as the household savings rate has turned negative,” Marcel Thieliant of Capital Economics said in a commentary. “Our forecast is that GDP growth will slow from 1.9% in 2023 to around 0.5% this year.”

Said El Mansour Cherkaoui – info@triconsultingkyoto.com

Said El Mansour Cherkaoui February 17, 2024

Disclaimer: Please note that all information on this Website is subject to change. All articles are for information purposes only. At Morocco Digitall, we are always available to answer in detail any questions our clients may have regarding the aforementioned information . Contact us at: support@triconsultingkyoto.com

Africana and Latina Diaspora Made in USA

Made in USA Africana and Latina Diaspora: Saving, Épargne, Retirement, Retraite and Inequalities et Inégalités

AFRICANA AND LATINA DIASPORA IN THE UNITED STATES OF AMERICA

Saving, Retirement and Inequalities

Generally, studies on savings show that the average Black family has lower savings than the disparity between the average U.S. family. It’s unsurprising, then, that 54% of Black Americans don’t have enough savings to retire – whether it be from system inequalities or otherwise. Nov 12, 2023

On average, people of color in the U.S. have less money saved for retirement than their White counterparts. More than half of Black and Latinx households have no retirement savings, while only a third of White households lack savings. Feb 2, 2024

According to a Forward Times article, 54% of Black Americans don’t have enough savings to retire due to system inequalities.

Some factors that contribute to the gap in retirement savings include:

Access to employer-sponsored plans
Americans of color are less likely to have an employer-sponsored retirement plan or an individual retirement account (IRA).

Pay disparities
Racial disparities in pay contribute to the gap in retirement savings.

Homeownership
Racial disparities in homeownership contribute to the gap in retirement savings.

Lower savings
The average African American family has lower savings than the average U.S. family. The median net worth of African Americans is only around $28,000 compared to $140,000 for the median household nationwide.

Age
Black workers ages 51 to 64 are the least likely among all racial and ethnic groups to have a retirement account.

Only one-third of white households in the U.S. lack retirement savings. In 2019, 63% of white households had retirement accounts, compared to 41% of households of other races. In 2022, the median retirement savings for white Americans was $100,000, while the median for Black families was $39,000.

Key Takeaways: On average, people of color in the U.S. have less money saved for retirement than their White counterparts. More than half of Black and Latinx households have no retirement savings, while only a third of White households lack savings.

DIASPORA AFRICANA ET LATINA AUX ÉTATS-UNIS D’AMÉRIQUE

Épargne, retraite et inégalités

De manière générale, les études sur l’épargne montrent que la famille noire moyenne dispose d’épargnes inférieures à la disparité entre la famille américaine moyenne. Il n’est donc pas surprenant que 54 % des Noirs américains ne disposent pas de suffisamment d’épargne pour prendre leur retraite – que ce soit à cause des inégalités du système ou pour d’autres raisons. 12 novembre 2023

En moyenne, les personnes de couleur aux États-Unis ont moins d’argent économisé pour leur retraite que leurs homologues blancs. Plus de la moitié des ménages noirs et latinos n’ont pas d’épargne-retraite, tandis que seulement un tiers des ménages blancs n’ont pas d’épargne. 2 février 2024

Selon un article du Forward Times, 54 % des Noirs américains n’ont pas suffisamment d’épargne pour prendre leur retraite en raison des inégalités du système.

Certains facteurs qui contribuent à l’écart en matière d’épargne-retraite comprennent :

Accès aux régimes parrainés par l’employeur
Les Américains de couleur sont moins susceptibles de bénéficier d’un plan de retraite parrainé par leur employeur ou d’un compte de retraite individuel (IRA).

Disparités salariales
Les disparités raciales en matière de rémunération contribuent à l’écart en matière d’épargne-retraite.

L’accession à la propriété
Les disparités raciales en matière d’accession à la propriété contribuent à l’écart en matière d’épargne-retraite.

Des économies réduites
La famille afro-américaine moyenne a des économies inférieures à celles de la famille américaine moyenne. La valeur nette médiane des Afro-Américains n’est que d’environ 28 000 dollars, contre 140 000 dollars pour le ménage médian du pays.

Âge
Les travailleurs noirs âgés de 51 à 64 ans sont les moins susceptibles parmi tous les groupes raciaux et ethniques d’avoir un compte de retraite.

Aux États-Unis, seul un tiers des ménages blancs ne disposent pas d’épargne-retraite. En 2019, 63 % des ménages blancs disposaient d’un compte de retraite, contre 41 % des ménages d’autres races. En 2022, l’épargne-retraite médiane des Américains blancs était de 100 000 $, tandis que celle des familles noires était de 39 000 $.

Points clés à retenir: En moyenne, les personnes de couleur aux États-Unis ont moins d’argent économisé pour leur retraite que leurs homologues blancs. Plus de la moitié des ménages noirs et latinos n’ont pas d’épargne-retraite, tandis que seulement un tiers des ménages blancs n’ont pas d’épargne.

2021-gaps-in-retirement-savings-based-on-race-ethnicity-and-gender-watkins-written-statement-06-25 Download

According to the U.S. Department of Labor, 54% of Black and Asian employees and 38% of Latino employees between the ages of 25-64 work for an employer that offers a retirement plan, compared to 62% of white employees. These disparities are more pronounced in the private sector than in the public sector.

Some reasons why Black and Latinx workers may not be able to save as much for retirement include:

Racial wage gaps
Lower rates of homeownership
Less likely to work for employers that offer retirement plans
Less likely to have an employer-sponsored retirement plan or an individual retirement account (IRA)
Many in the Black and Latino communities are independent savers
Many Latinos don’t have the parental background

Other reasons Americans delay saving for retirement include:

Inflation causes current expenses to rise
Unemployment
Student debt
Poor spending habits
Lack of income
They don’t know where to start

Racial wage gaps are a major reason that Black and Latinx workers are unable to save as much for retirement. Black and Latinx workers are also less likely to work for employers who offer retirement plans like 401(k)s.

Selon le U.S. Department of Labor, 54 % des employés noirs et asiatiques et 38 % des employés latinos âgés de 25 à 64 ans travaillent pour un employeur qui propose un plan de retraite, contre 62 % des employés blancs. Ces disparités sont plus prononcées dans le secteur privé que dans le secteur public.

Certaines raisons pour lesquelles les travailleurs noirs et latinos pourraient ne pas être en mesure d’épargner autant pour la retraite comprennent :

Écarts salariaux raciaux
Des taux d’accession à la propriété plus faibles
Moins susceptible de travailler pour des employeurs qui offrent des régimes de retraite
Moins susceptible d’avoir un plan de retraite parrainé par l’employeur ou un compte de retraite individuel (IRA)
De nombreux membres des communautés noires et latino-américaines sont des épargnants indépendants
De nombreux Latinos n’ont pas d’origine parentale

Parmi les autres raisons pour lesquelles les Américains tardent à épargner pour leur retraite, citons :

L’inflation fait augmenter les dépenses courantes
Chômage
Dette étudiante
Mauvaises habitudes de dépenses
Manque de revenus
Ils ne savent pas par où commencer

Les écarts salariaux raciaux sont l’une des principales raisons pour lesquelles les travailleurs noirs et latinos ne peuvent pas épargner autant pour leur retraite. Les travailleurs noirs et latinos sont également moins susceptibles de travailler pour des employeurs qui proposent des plans de retraite comme les 401(k).

Here are some racial disparities in retirement savings:

Retirement account ownership62% of Black working-age households don’t have retirement account assets, compared to 37% of white households.
Retirement account balanceIn 2019, 63% of white households had a retirement account balance, compared to 41% of households of all other races. In 2019, the median retirement account balance for non-Hispanic, non-Latino Whites age 51 to 64 was $164,361, compared to $80,349 for all other racial groups.
401(k) balancesBlack participants earn 73% of what white participants earn on average, but have a 58% gap in their 401(k) balances. Hispanic participants earn 73% of what white participants earn on average, but have a 53% gap in their 401(k) balances.
Net worthIn 2022, the median overall net worth of white households was more than six times that of African American households.

Voici quelques disparités raciales en matière d’épargne-retraite :

Propriété d’un compte de retraite
62 % des ménages noirs en âge de travailler n’ont pas d’actifs sur leur compte de retraite, contre 37 % des ménages blancs.
Solde du compte de retraite
En 2019, 63 % des ménages blancs avaient un solde de compte de retraite, contre 41 % des ménages de toutes les autres races. En 2019, le solde médian du compte de retraite pour les Blancs non hispaniques et non latinos âgés de 51 à 64 ans était de 164 361 $, contre 80 349 $ pour tous les autres groupes raciaux.
Soldes 401(k)
Les participants noirs gagnent 73 % de ce que gagnent en moyenne les participants blancs, mais ont un écart de 58 % dans leurs soldes 401(k). Les participants hispaniques gagnent 73 % de ce que gagnent en moyenne les participants blancs, mais ont un écart de 53 % dans leurs soldes 401(k).
Valeur nette
En 2022, la valeur nette globale médiane des ménages blancs était plus de six fois supérieure à celle des ménages afro-américains.

Median value of retirement accounts for savers ages 51-64The savings gap is just the tip of a very large iceberg. Median overall net worth of white households was more than six times that of African American households — $285,000 to $44,900 — in 2022, according to Federal Reserve data.Oct 18, 2023

Valeur médiane des comptes de retraite pour les épargnants âgés de 51 à 64 ans
Le déficit d’épargne n’est que la pointe d’un très vaste iceberg. La valeur nette globale médiane des ménages blancs était plus de six fois supérieure à celle des ménages afro-américains – de 28 5000 $ à 44 900 $ – en 2022, selon les données de la Réserve fédérale.18 octobre 2023

ACHIEVING FINANCIAL EQUITY IN RETIREMENT

Race and Retirement Insecurity in the United States

The Racial Retirement Gap in 7 Facts

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The following external articles are recommended to you by Said El Mansour Cherkaoui, Ph.D. the Author and Editor of • https://moroccodigitall.com •

Estevanico Dorantes

Challenges and Solutions

Made in USA Africana and Latina Diaspora: Saving, Épargne, Retirement, Retraite and Inequalities et Inégalités