Foreign Investors See Mozambique As A Land Of New Opportunities

mozambique-investment-opportunitiesMozambique is situated in South-eastern Africa sharing its boundaries with Malawi, South Africa, Tanzania, Zambia, Zimbabwe and Swaziland. Over the past several years, the country has undergone major macroeconomic reforms that have helped stabilize the country’s economy. As a result, foreign investments are being made by companies all over the world and the demand for translation services here has risen steeply.

While the bulk of the workforce continues to be in the agricultural sector, large foreign investments like the Mozal aluminum smelter has helped increase the country’s foreign exchange and work diversity. A Portuguese translator working for an Austin translation services company told us about the translation projects they receive due to economic growth in Mozambique. Since Portuguese is the official language of Mozambique, clients doing business with Mozambique typically require Portuguese to English translation or English to Portuguese translation of their documents.

Because of the natural gas reserves found in Mozambique, foreign investors are also concentrating on the exploration of new oil fields. According to foreign investors, there is a strong chance that Mozambique has large undiscovered oil wells.  As interest continues to build, translation services will be needed to help petroleum executives communicate with the local public and government officials.  Sometimes, it can be difficult for the investors to select the most suitable translation company for their unique needs. In cases like these, it’s advisable to consult an experienced The Marketing Analysts Translation Service or another highly experienced translation company.

Mozambique is a rising economic power in the African world. If the political and economic stability continue, economists predict that the country’s GDP will grow at an annual rate of 7.7%. Most recently, the economic sector of Mozambique has been heavily influenced with discoveries of natural resources like coal, salt, graphite, precious stones, marble, oil and especially the large reserves of natural gas. Foreign investors have been concentrating mainly on developing the industrial and energy sectors of Mozambique. Still the county’s infrastructure requires a significant investment. More roads, railway tracks and bridges need to be built to improve logistics.

The country has a lot to offer foreign investors. In a few years’ time, Mozambique will be one of the most economically strong countries in the African continent.

How The Lack of China’s Middle Class Limits U.S. Exports

An interesting question posed by Washington D.C. translation services workers in the field of economic involves the lack of a middle class despite decades of double-digit GDP growth.  According to many experts in translation and localization firms, instead of creating a new middle class in China, outsourcing has produced a new elite class.  Yet others draw a comparison between China’s amazing growth and that currently experienced in the United States where a disproportionate amount of benefits over the the last 30 years have fallen on a a relatively small percentage of elite.  Further, while there is no doubt that economic growth has benefited all Chinese citizens, wage inequality has exploded.  In recent years, the Gini coefficient, a measure of inequity,  has surpassed 45.3, approaching levels of dangerous inequality and comparable to scores exhibited in the United States of 46.8 in 2009.  In essence, instead of following the history exhibited in the United States following 1946 which established a strong middle class,  China appears to have skipped that stage altogether.

While the United States was responding to the oil crisis of the 1970s and increasing globalization, China was responding to the devastation of the Cultural Revolution. Since the late 1970s, both the United States and China have followed market-oriented economic policies, which have led to wage inequality and the deficiency of a healthy middle class.

Although the growing middle class in China is still very small as a share of their entire population, Houston Translation Services have produced research that suggest that the growth of their middle class seems encouraging.  But in order for the Chinese economy to a real middle that can dive its domestic consumption, it must greatly increase its {Gini coefficient|middle class population} in the range of 600-700% and reduce income inequality.  If this fails to happen, the country will not be able to transition to an innovation economy from a commodity oriented, export economy.  Furthermore, the lack of an emergency of a sizable Chinese middle class will reduce the potential U.S. firms to market their own exports.

How Will A European Recession Affect Translation Workers?

How will a slump in European Union affect freelance translation workers? Normally, most French translation services workers do not know much about E.U. economics. Though it is difficult to predict the future, a number experts feel that a slump is guaranteed. This writing goes into greater detail about the condition of the E.U. economy. At the end, we would like to get your viewpoint on how a slump in The E.U. will influence the jobs of translators.

The vast majority of highly regarded economists interviewed by the Conference Board believe that GDP will slow in the E.U. and trigger a recession within the next 12 months. Nearly one fifth indicated the European Union would cease to exist in its current 17-country form, while the bulk put the possibility of a Eurozone split at 40-percent. The study also found that most financial experts anticipate UK interest rates to remain at 0.5% during next year. The survey included 34 United kingdom and E.U. economic experts who are often interviewed by the Canadian Reserve. Of the forty-five who replied, forty-five expect recession for Europe over the coming year.

The rate of growth in the E.U. has slowed in recent weeks as the E.U. debt situation has compelled nations to greatly reduce investments and has undermined trust in international financial markets. The eurozone economy grew by 0.03% between August and November, while the 27 members of the European Union increased with each other by 0.25 percent. German translation services workers indicate that officials have attempted to fix the situation, including an agreement to build better links between European Union countries, but markets haven’t yet been convinced the measures they’ve taken are adequate. The longer the debt trouble continues, the more likely Europe will return to a downturn, economists think. Growth in the UK through the 3rd quarter of the year was 0.6%. On the other hand, expansion in the previous three months was stalled. The Conference Board claimed that the next 12 months might be the outset of a more flourishing future if the “ache” of budgetary reduction passed quickly. In his New Year address, the leader of the League of Economists and Miami Translation Services worker, Steve Philips said the European Union crisis posed a “substantial menace” to the British economic climate, given that 39% of British exports were marketed there.