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Examples
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"Grace Kelly was part of the fairy tale and I think they are trying to reproduce that," says Mr. Garelli.
Monaco Hopes for Tourism Boost From 'Other' Royal Wedding Katharina Bart 2011
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"I think the objective is probably to rebrand Monaco as a kind of fairy-tale place, and not only a place where you hide your money," says Stephane Garelli, professor of competitiveness at the IMD business school in Lausanne.
Monaco Hopes for Tourism Boost From 'Other' Royal Wedding Katharina Bart 2011
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Garelli thinks the Indians and Chinese will start to claim a significant share of key global markets within three to five years.
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In China, says Garelli, the companies to watch out for are appliance makers like Haier and Midea, and electronics firms such as TCL.
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"In the developing world, people want to get ahead and they want to develop their country," says Garelli of IMD.
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Singapore "has been less affected than its neighbors by the Asian crisis" but will be affected by the region's general slowdown, Garelli said.
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Economic efficiency and reforming the role of the state "now seem to be a priority" for the Chinese, said Garelli.
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The country still has a substantial public sector and high unemployment, but is making "good progress in opening its economy to international markets," said Garelli.
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The Director of the Survey, Professor Garelli, said -
Australia's Future in the Asia Pacific: Cooperation, Economic Reform and Liberalisation 1998
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Garelli of the yearbook's Lausanne-based publishers, the International
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