Letter From the Editors
The editors of Women in International Trade Newsletter welcome you to read the 2009 Winter edition. In this installment, WIIT members have contributed articles about the current financial crisis and it affects on international trade. Additionally, we have included two member-submitted book reviews, summaries of recent events, and WIIT news and announcements.
Please enjoy this edition of the newsletter. We welcome your comments and suggestions.
Sincerely,
Manka Azefor and Kristin
Wedding
WIIT Newsletter Editors
wiit_newslettereditors_2006@yahoo.com
The
Current Financial Crisis: Why Help Autos?
by Jeanne Dangerfield Broad, Senior International Advisor for Blakey and
Agnew, and former Director of International Trade Policy at General Motors
The auto industry plays
a major role in the global economy by promoting economic growth, job creation
and the advancement of technology and representing a key component of international
trade. Yet, the industry has been one of the sectors hardest hit by the current
financial crises, generating a debate on the merits of whether the U.S. government
should be providing short-term financial assistance to the U.S. auto sector.
The fact is that U.S. vehicle sales have fallen from annual rates of more
than 17 million units to what may be a 10.5 million-vehicle market in 2009.
Global sales, including previously fast growing emerging markets such as Brazil,
Russia and India, are falling as well. And, average new vehicle transaction
prices, which rose in the 2004-2008 period in the U.S., fell in 2008. Clearly,
consumer willingness to commit to the purchase a new vehicle plummeted along
with the value of investments and the erosion of job security. Moreover, the
tight credit market has meant that even those ready to purchase might be denied
the credit to do so.
The
Impact of the Economic Crisis on the Shipping Industry and Trade Consequences
by Joan M. Bondareff, Of Counsel, Blank Rome LLP, Washington, DC
{With thanks for the invaluable assistance of Janice Weaver, Director of Policy,
U.S. Maritime Administration}
The shipping industry is not immune from the current economic recession. In
fact, companies are laying up container ships and laying off workers around
the world. Bulk carriers have also not fared well as exports of dry bulk goods
have declined. Tanker companies are doing somewhat better, but this is just
in comparison to their brethren.
The Return of
Depression Economics and the Crisis of 2008, by Princeton Economist,
NYT columnist, and Nobel Laureate Paul Krugman.
Review by Terri Zavada, managing partner, Zavada International, Inc., a
boutique consulting firm specializing in advising clients on successful
negotiating strategies for use in overseas government policy disputes.
Review by Dana Borowka, MA, CEO of Lighthouse Consulting Services, LLC
WIIT ANNOUNCEMENTS
WIIT Charitable Trust and CWT Education Fund Join Forces
The Association of Women in International Trade's WIIT Charitable Trust (WIIT Trust) and the Consumers for World Trade Education Fund (CWT Ed Fund) have entered into an agreement that effectively combined the two non-profit organizations and will allow the WIIT Trust to assume responsibility for the CWT Ed Fund's operations, including its innovative electronic trade library.
According to WIIT Trust Committee Chair Nicole Bivens Collinson, "The combination made sense because the two educational funds have the same mission. Consolidation will enable the WIIT Trust to maintain and add to the library. It will give WIIT members more access to greater resources in the WorldTradeLibrary.Com while continuing to provide additional resources to the greater trade community."
"The CWT Ed Fund saw in the WIIT Trust an organization that not only would value the content catalogued in the electronic trade library, but also would make effective use of the website as a teaching tool," CWT Ed Fund President Barbara Wanner said. "We are delighted that the WIIT Trust will introduce the electronic trade library to a broader audience and ultimately create a more informed discussion about trade issues."
The WIIT Charitable Trust was created on February 1, 2001 by The Association of Women in International Trade, Inc. (WIIT) to fund charitable, scientific, and educational activities in international trade. Its mission is to promote public knowledge and understanding of international trade and international business and strengthen the role of women therein by being a valued source of information and by sponsoring research, educational programs, and information-sharing activities.
The Consumers for World Trade Education Fund (CWT Ed Fund) was established December 29, 1980. Its mission has been to educate communities in America about the benefits of international trade and investment and to address concerns about the global economy.
To visit the electronic trade library, go to: http://www.worldtradelibrary.com/.
Executive
Program for Women Leaders
Stanford Graduate School of Business' Office of
Executive Education
Through a rigorous combination of lectures, interactive exercises and leadership diagnostics, this unique forum allows women executives to explore frameworks and tactics to achieve their goals in dynamic work environments. Taught by the world's leading professors in business, the program confronts the critical areas of negotiation, team effectiveness, power and relationships, social networks and influence, and communication, empowering participants with the latest techniques to navigate these complex management issues.
The program is offered on the Stanford campus, May 17-22, 2009. For more information, please visit the website at: http://www.gsb.stanford.edu/exed/
Moving
from Managing to Leading
Babson College's Executive Education Department
The Women's Program at Babson, has been developed to meet the growing demand of leadership-oriented women professionals for solutions that help them actively manage their move into leadership roles. "Moving from Managing to Leading" is designed for women who are ready to transition to a role with increased responsibility and visibility.
The program is offered April 27- May 1, 2009 and November 16 - 20, 2009. For more information on the program, please visit the website at: http://execed.babson.edu/individuals/prog_WL.aspx
WIIT is now part of LinkedIn and Facebook
If you would like to join or visit WIIT's LinkedIn Group, follow this link: http://www.linkedin.com/e/gis/96418
WIIT also has a new Facebook page: http://www.facebook.com/group.php?gid=36034406345
WIIT Toastmasters
In a supportive friendly environment, WIIT Toastmasters can help you improve your public speaking skills. Public speaking skills can help you more effectively present can communicate your ideas and help advance your career. We are affiliated with WIIT and with Toastmasters International. Toastmasters International has been helping people of all walks of life become effective communicators for over eighty years.
Let us help you achieve your goals. Visit our website http://wiit.freetoasthost.ws for details and information. We meet the second and fourth Mondays of the month, except Federal holidays. We meet at 12:30 PM until 1:30 PM at the National Association of Manufacturers, 1330 Pennsylvania Ave. The closest Metro Stop is Metro Center; exit to 13th and F Sts.
WIIT Mentoring Program
Want to learn more about the career pathway of a fellow WIIT member? Are you willing to offer career advice and insights to other women in the field of international trade? If so, join the WIIT Mentoring Program!
WIIT offers a unique opportunity for members in all stages of their careers in international trade to share their experiences and learn from one another by tapping into the broad network offered by our membership. The hallmark of the program is one-on-one mentoring, pairing one WIIT member with another.
