How does a busy, small business owner increase economy through social media?
- Led by developing countries, the world economy is moving on from a post-crisis bounce-back phase of recovery to slower but still solid growth this year and next.
- Developing countries face three main short-term risk-tensions in financial markets, large and volatile capital flows, and a rise in high food price.
- For the longer term countries need to shift focus from short-term crisis management toward measures that address underlying structural challenges.
Growth business through social networking site
International business growth by social site
International Social Networking Sites Really Improve the Business and Economy
International social networking site have managed to attract traffic running into million, Indian portals are still miles behind.
Another not so old start-up Mind-jolt has been able to attract decent traffic volume for its gaming application, offering a host of addictive game to user. In fact, these offerings, by both the companies, are equally popular in the Indian sub-continent as it is in the core-targeted western market. “The first phase of growth for social networking companies came from online chatting and networking, however the maximum growth today come via gaming and new application, explain Shivanandan Pare, COO, BigAdda, a social networking website from big Entertainment’s stable. How-ever, the point worth discussing is that while gaming on social site like Facebook, Orkut, Tagged Bebo are getting all the more popular by the day, what’s going on in the minds of the Indian online gaming & social networking giants.
Growing Online Gaming Industry for High Technology Businesses
From the same and take the online gaming industry to a higher level, says Ravi Kumar, Country Head, Game-loft Indian, which is one of the country’s largest mobile gaming content maker. As Kumar discusses further, he states that he has no plans to move into online gaming soon. However, Bigdda’s Pare begs of different with his intention to dance on the online gaming floor.
However, there is also a largest UN-capitalised opportunity in the form of localized content, for Indian online gaming industry as Yoesh Bansal, CEO, Apnacircle.cm, opines, “The gaming trend on the social networks here to stay and keeping in mind the various culture in the country, it will make a lot of sense to launch localised content-based online gaming. We are aiming to develop more such game going forward. However, a pessimistic sounding Game-loft Kumar begs to differ, as he quip, “Compared to what is happening in the online gaming industry, as compared to economies like UK and US, we are still way behind and it will take a long tie to match their level”.
Even the enthusiasm level of the Indian online game same of international entities like Zynga. “The mobile gaming industry, but it will still take more time for Indian companies to gain leverage.
Money Making Opportunities- (Internet business and home-based)
Of course there are opportunities out there, but the biggest challenge before the creator remains the sheer lack of innovation. An industry in its early stages, minus the conducive ecosystem can either fly or fall flat on its face. But if Nobel Prizes be justified.
The world economy is moving on from a post-crisis bounce-back phase of recovery to slower but still solid growth this year and next. Global GDP, which expanded by 3.9% in 2010, is expected to slow to 3.3% in 2011, according to the world bank,s Global Economic prospects 2011.Most of the developing world has weathered the financial crisis well, and, by the end of 2010, many emerging market economies had recovered or were closed to resuming the growth potential they had attained prior to the crisis.
Short-Term Risks for Developing Countries
Developing countries face three main short-term risk-tensions in European financial markets, large and volatile capital flows, and a rise in high food price.
Full-scale financial turmoil, while viewed as unlikely, could threaten recovery in developing as well as developed countries. With so much at stake, regulators and international policy markets are determined to avert such an outcome. Overall the capital flows trend is a positive development, but, unless such flows are well managed, they can destabilizes movement in exchange rate, commodity price, and asset-price. Of the nine countries the received the bulk of capital flows. several have seen their real effective exchange rate by 20 or more percent since January 2009. Many have introduce.
Global Outlook (percent change real GDP growth)
Developing (ex china, India)