The elephant in the room isn't the strong-arming of Chinese State-Owned Enterprises in The Bahamas but rather their inability to grapple with the culture shock of doing business in the Caribbean region.
Alibaba is but one example of China’s “private sector diplomacy.” These successful companies help promote a positive image of China’s economy to the outside world, something the government needs. China’s private sector diplomacy can also be felt in the expansion of its private companies on the global market.
The UN’s sustainable development agenda for the next 15 years can be used as a model for businesses. [...] “[The SDG] requires very big partnerships, and the growth engine of the world economy is business,” she said. Conversely, she pointed out, the SDGs have vast potential for improving the global business climate. By encouraging a “solid enabling environment”, she explained, they also provide the basis for corporate growth.
In 1999, the first Starbucks café opened in China. The Seattle-based coffee chain, the world's largest, now operates a network of 1,500 shops across China, which is now its second-most-important market after the US [...] But Starbucks is facing competition.
In a study commissioned by Penn Schoen Berland on behalf of Marriott, it was revealed that international travel is considered even more important than the Internet, TV/movies, or political diplomacy at stimulating the economy and breaking down cultural barriers. [...] "This survey shows it [travel] is also a powerful form of soft diplomacy in the world today."
“Panama City will be our first destination gateway in Central America, providing a convenient option for our passengers travelling from or through our global hub in Dubai and onward to destinations throughout Central America, the Caribbean and the northern part of South America,” said Sheikh Ahmed bin Saeed Al Maktoum, the chairman and chief executive of Emirates.
Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington. Cambodia, Laos, Myanmar, Thailand and Vietnam all have strong economic growth potential, and are promising destinations for Japanese exporters.
Earlier this year, Microsoft announced a $1 million donation to assist in the development of a high-tech interactive exhibit at the United States Diplomacy Center (USDC). The Department of State will provide the space, staff, and security for the museum, which is intended to honor the history and significance of diplomacy in America.