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An additional 600,000 millionaires were created around the world in 2004…
An additional 600,000 millionaires were created around the world in 2004, with North America and Asia, including India, leading Europe in the wealth stakes, according to a report released on Friday.
There are now an estimated 8.3 million people who can claim to have one million dollars, excluding their main residence, according to the 2005 World Wealth Report by Merrill Lynch and Capgemini.
The report estimated the net worth of the worlds wealthy elite at 30.2 trillion dollars, an 8.2 percent rise on 2003.
North America has about 2.7 million people worth at least one million dollars — high-net-worth individuals (HNWI) — 10 percent more than the last report and overtaking Europe, which has 2.6 million.
The Asia-Pacific region has 2.3 million, up more than 8.0 percent, and Asias growth rate was twice as fast as Europes.
The two main drivers of personal wealth creation — economic growth and market capitalisation — worked together to generate the strongest growth in high-net-worth wealth that weve seen in more than three years, said James Gorman, an executive vice president of Merrill Lynch.
Looking regionally, Singapore, Hong Kong, Australia and India saw the highest rates of HNWI population growth, while wealthy people in South Africa and the Middle East benefited from the rise in commodity and oil prices.
Growth generally lagged in Europe, with only two nations — the United Kingdom and Spain — showing growth comparable to the worldwide rate, Gorman said.
Source : Sify news, New York
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The number of people worth $1m or more grew by 8.2% in the Asia-Pacific region last year to 2.3 million people...
Booming sales of cheap Chinese shoes and the growth in exports to the US meant the number of millionaires in Asia grew strongly last year, a report said yesterday.
The number of people worth $1m or more grew by 8.2% in the Asia-Pacific region last year to 2.3 million people, according to the ninth world wealth report published by Merrill Lynch and Capgemini.
The number of multi-millionaires in the Asia-Pacific region, such as Timothy Chan whose Shanghai computer games
India, the largest IT company Tata Consultancy Services (BSE: TCS), with acquisitions in Europe and plans to increase the number of employees in their operations in China and Latin America in 1000
"We see perhaps also, TCS, Executive Vice-President Pheroz Vandrewala told PTI on whether the undertaking research on acquisitions in Europe.
Past at a seminar at Indian Institute of Foreign Trade he said there were limits to organic growth in Europe due to environmental requirements.
So go ahead in Europe is relatively large acquisitions must be made, "said Vandrevala.
"The big European companies have significant internal IT organizations, including some outside work. But
BUSINESS SCHOOLS: Iveys MBA is best
The Richard Ivey School of Business at the University of Western Ontario has Canadas top MBA program, says a Wall Street Journal/Harris Interactive poll. Some 4,125 corporate recruiters list Ivey ninth among 24 schools in Europe, North America and Latin America.
Registered 6-day subscribers to the The Province newspaper or electronic edition enjoy full access to The Province Online.
Plus as an added value, you will also have full access to the subscriber exclusive content at all of our newspaper websites. For a complete listing see Newspapers below.
Source : canada.com
America Economia Ranks Babsons MBA Program #20 Among U.S. Business Schools
America Economia magazine has ranked Babson Colleges MBA program #20 among U.S. business schools and
#30 in the world.
America Economia is published in Spanish and Portuguese and has wide circulation in Latin America.
The F.W. Olin Graduate School of Business at Babson College has a rich tradition of excellence in cultivating entrepreneurial thinking. While some of our graduates pursue start-up ventures, far more of our graduates use their entrepreneurial training to succeed in the corporate environment.
Here, entrepreneurship isnt about starting a business, its a state of mind.
More :
The Indian Institute of Management, Calcutta (IIM-C) is the introduction of a year of courses for managers and top leaders of the academic session in early July.
The Global Program Manager in five semesters, as well as aspects such as exercise business in emerging markets in Asia, Africa, Latin America, Russia and Eastern Europe, global competition and strategy, organizational and cross-cultural issues and international affairs international treaties and the global agenda for executives.
Professor Ranjan, strategic management and international IIM-C, told newspersons here Monday that the course was specifically on the requirements of professional training "who work abroad, those of global competition
Big hitters dominate MBA rankings
There are a number of rankings produced each year for business schools and MBAs, but the one seen as perhaps the most authoritative in global terms is that produced each year by the Financial Times.
The London-based newspaper has just produced its 2007 MBA rankings, and there is one simple message to be seen from glancing at the top 10 - the big hitters of the MBA world are here to stay.
All but one of this years top 10 were also there in 2006, with only a few minor moves.
More : edition.cnn.com
Roundtable: Choosing an MBA program
Participants include the dean of a business school, a graduate and a student. The session is moderated by Sharda Prashad, a journalist in the Stars Business section who earned an EMBA. Readers can send questions and comments by email. On hand to answer questions will be:
David M. Saunders, dean of Queens School of Business. Since joining Queens in 2003, Saunders has launched two MBA programs and signed up top business school partners in Europe, Asia and South America. He is chair of the Canadian Federation of Business School Deans, and a board member of the Association
We have three objectives. The first is to move from where we are now - which is a 40/40/20 company. 40% of our sales and revenues in the US, 40% of Europe and 20% in Asia, Latin America, Africa and the Middle East, and Eastern Europe - to one third, one third, one third. Why? Because by 2014, two thirds of the world's population will be in Asia. We've already seen that Asia, with well over a quarter of the world's population including Vietnam with 84 million population, provides clients with very important opportunities. So
Most people set little store by business school rankings
Every few months yet another business school ranking is published, generating a frenzy of excitement in the management education press. Apart from the media, for which the rankings provide acres of easy copy, or the schools at the top of the list and those who have fallen from grace - who cares?
Certainly not Huw Morris, dean of the business school at Manchester Metropolitan University. We couldnt care less, he admits.
Weve found from market research that less than 15 per cent of students take any notice of the rankings. Our focus is
The All India Management Association (AIMA) has adopted its annual report on the perception of Indian Business Schools (B schools) for the year 2002. The group of Top-10 schools integrated 5 Indian Institute of Management (IIMS), headquartered in Ahmedabad, Lucknow, Calcutta, Bangalore and Kozhikode, Xavier Labour Relations Institute (XLRI) Jamshedpur, Management Development Institute (MDI) Gurgaon, NITIE Mumbai, Department of Management Studies IIT Delhi and the Institute of Rural Management (IRM) Anand.
The group has 7 schools in the Top 10 in 2001. IIM Ahmedabad, IIM Kozhikode, MRI and Anand have displaced NMIMS Mumbai, SP Jain Institute of Mumbai and Xavier
MBA Tag Clouds
